Caber Hill Advisors is excited to announce that it successfully advised in the acquisition of Advance Switchboard Distribution (ASD), a leading manufacturer of power distribution systems serving diverse electrical markets, by N3 Capital Management.
N3 partnered with ASD’s legacy owner, acquiring a majority interest and bringing executive expertise to advise ASD on the next phase of the company’s growth. Founded in 2005, ASD has extensive experience in switchboard manufacturing and engineering, fabricating made-in-America products at its manufacturing facility in Elk Grove Village near Chicago O’Hare International Airport.
Caber Hill Advisors Managing Director Jordan Gerber led the transaction.
“Jordan and his entire team at Caber Hill were a tremendous asset throughout the deal process,” said Jeff Schneider, President of ASD. “I relied heavily on their expertise, which affirmed I was making the right decision to sell my business. Jordan and his team were always available to address my numerous questions and concerns. I can’t recommend them highly enough.”
The deal closed in the third quarter of 2024. Further details of the transaction were not disclosed.
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