Caber Hill Advisors’ Managing Director Jordan Gerber, who specializes in business services and manufacturing industries, along with the whole Caber Hill team, is pleased to announce that it advised Dewpoint, LLC in its sale to Turnout Industries.
“We are glad to have found a great partner for Dewpoint,” said Gerber. “Our goal is to not only help sell a company but find the right match. Dewpoint’s established reputation for delivering tailored solutions to meet clients’ unique business needs aligns perfectly with Turnout Industries’ customer-centric approach. We are incredibly pleased we found the right partner.”
Founded in 1996 and headquartered in Lansing, Michigan, with offices in Grand Rapids, Dewpoint, owned by The 4100 Group, has a successful track record of developing strategic technology plans to maximize resources and position organizations for the future. Dewpoint’s service-based solutions help clients transform and optimize their IT architecture stack and operations through Cybersecurity improvements, Strategic Assessments, Managed IT Services, Portfolio and Project Management, Organizational Change Management, and Application Development, all while “Making IT Personal.” Dewpoint supports clients in multiple industries, including State and Local Government, Finance, Healthcare, Insurance, and Manufacturing.
“Our whole team is grateful for the work Jordan and his team did to help us with the successful sale of Dewpoint,” said Mike Gilmore, President & CEO of The 4100 Group. “From the initial meeting until the close and through the ups and downs of the process the Caber Hill team were pros and at every turn did what they said they would do. My team appreciated the clear game plan and timeline they set for us and came to rely on their responsiveness and attention to detail to help ensure a successful conclusion for all parties involved. We would recommend Jordan and his team to anyone going through a transaction in the future and appreciated the consistency of their work.”
Turnout Industries is a Chicago-based diversified holding company targeting both control and non-control investments in companies with $5-50 million of revenue and at least $1 million of EBITDA.
The transaction closed on June 3, 2024. Specific terms of the transaction have not been disclosed.
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