Orange County, CA, June 4, 2024, Plethora Businesses, an M&A advisory firm headquartered in Orange County, California, is pleased to announce the sale of Cardic Machine Products to Blount Entities. Acting as the exclusive sell-side advisor, Plethora played a crucial role in this successful transaction. This achievement highlights Plethora‘s ongoing commitment to guiding middle-market clients through the intricate landscape of M&A transactions.
Cardic Machine, a California-based company, is an industry leader in precision-machined parts for the aerospace sector, and excels in the manufacturing of highly specialized products for classified government programs. Their expertise encompasses a wide array of advanced systems, including complex optical housings, cutting-edge sensors, dewar assemblies, sophisticated laser systems, radar systems, and critical missile components and assemblies. With a strong reputation for delivering high-quality, mission-critical parts, Cardic Machine plays an essential role in supporting both space and ground-based defense initiatives.
Blount Entities, based in Eagle, ID, is a boutique private equity company focused on making strategic acquisitions in manufacturing, software, utilities and design companies. Ethan Blount commented “I am enthusiastic about the opportunities this acquisition presents. With Cardic Machine as part of our team, we can leverage their expertise to expand our product line and explore new markets. We are committed to continuing Cardic Machine‘s legacy of excellence while also creating new opportunities for growth.”
George Lanza, CEO of Plethora Businesses, expressed his satisfaction: “We were pleased to represent Cardic Machine. There is no greater satisfaction than the opportunity to see a successful exit for a company we had previously represented in 2010 and sold to departing CEO/Owner, Joe Trumpio. This is a testament to our long-standing relationship and commitment to our clients”.
About Plethora Businesses
Plethora Businesses is a boutique M&A Advisory firm dedicated to offering sell-side and buy-side M&A advisory, corporate strategy and valuations. Tailored to meet the unique needs of the middle market, Plethora is committed to delivering strategic solutions that drive growth and value for its clients. Please visit: www.plethorabusinesses.com or contact us at 714-255-8862.
Contact:
George Lanza
President
[email protected]
Jeremy Manista
Sr. Associate
[email protected]
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