MultiCam, Inc. (www.multicam.com), a manufacturer of CNC cutting machinery, was sold to Blue Sage Capital Partners, a private equity firm based in Austin, Texas.
MultiCam has been manufacturing CNC cutting machines for more than 20 years. Its products include routers, plasma, laser, water jet and knife cutting machines. The products have been installed in more than 50 countries and are used for sign making, cabinet making, furniture production, woodworking, metalworking, HVAC, aerospace, marine construction, solid surface and plastics fabrication.
Ken Koelling, founder of MultiCam stated, "The transaction went smoothly, and not only was I able to reap the liquidity I wanted for long term financial and estate planning, but Allegiance Capital negotiated a transaction that enables me and my employees to retain meaningful ownership of the business while we continue running and growing it much as we have in the past.”
Allegiance Capital Corporation (www.allcapcorp.com), a full-service investment banking firm servicing middle marketing companies worldwide, brokered the sale of the business.