“"As an entrepreneurial organization with a global footprint, we knew the sale of our manufacturing business would present unique challenges. The Zachary Scott team was well prepared to lead us through preparing divisions in seven countries and across five languages for the intense diligence and scrutiny that was to follow.

The preparation work was particularly valuable, as the eventual acquirer was a public company with extensive due diligence requirements. Further, the competitive process Zachary Scott organized presented us with multiple options, which significantly enhanced our negotiating position.

In addition to their leadership, Zachary Scott brought intense dedication and commitment to all aspects of our effort, and perhaps most importantly, infinite patience. In the end, we achieved an outstanding outcome for all the stakeholders. "”
Scott Howell, CEO, NII FPG
Building Products & ServicesManufacturingM&A: Sell-Side
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Situation

NII FPG Co. (“NII” or the “Company”) is the world’s leading designer and manufacturer of high-speed ring debarkers, a device that removes bark from logs prior to further processing. The Company sells a wide range of debarkers through two distinct brands: Nicholson, based in Canada, and Valon Kone, based in Finland. Nicholson and Valon Kone debarkers are predominately employed in the world’s largest wood converting facilities (sawmills, plywood plants, and chip plants).

The Company also designs and manufactures a line of purpose-built timber harvesting equipment via its Madill brand. The Madill product line includes feller bunchers, log loaders, and log yarders, each of which plays an important role in cutting, gathering, and moving timber from the forest.

After decades of private ownership, the owner wished to identify a partner that could further extend the Company’s position in the global wood products industry.

ZS Role

NII FPG engaged Zachary Scott as the exclusive financial advisor to represent the owner in a sale of 100% of the company.

Results

NII was acquired by Kadant Inc., a publicly held supplier of equipment and components used in wood processing, paper, and other process industries worldwide. This business combination complements Kadant’s existing wood processing product businesses and extends Kadant deeper into the forest products industry.