ImageTek Manufacturing Acquired by Private Investor
- windhorse11
- Jan 24
- 2 min read
Updated: 32 minutes ago
In August of 2024, Springfield, VT-based ImageTek Manufacturing was acquired by a private investor with a broad portfolio of industrial and manufacturing interests. Venture 7 served as the exclusive merger and acquisition advisor to ImageTek in the transaction.
ImageTek itself is a diversified business; the company manufactures a line of highly specialized laminating label printers, and also converts and prints durable labels designed to withstand a range of harsh environments in the automotive, construction, aerospace and other industries. They are also a contract manufacturer of printed circuit boards (PCBs) and wire assemblies for other manufacturers.
Mike Hathaway, ImageTek’s owner and Chief Executive Officer, guided the company’s growth for 28 years. Looking ahead to his eventual retirement, Mike contacted Venture 7 Advisors during a time when the ImageTek was doing better than ever, knowing that buyers are attracted to companies on the upswing.
According to Mike, “Venture 7 quickly came to understand the nuances of our business. They developed excellent marketing materials, and did extensive research to identify potential buyers. They launched the sales effort with an outreach to over 3,000 buyers, and within a short time we had a tremendous response. There were interested parties literally from all over the world.”
Mike continues, “The guys at Venture 7 evaluated the 24 offers we received, and we ended up with a short list of five serious contenders. I know that these deals don’t happen overnight, but I didn’t expect the whole process to take 15 months. The due diligence and negotiation phases were more complicated because of the international nature of the transaction.”
ImageTek’s products align well with the new owner’s experience and networks, and ImageTek will soon have an even broader range of products to offer their existing customers.
Additional investment in ImageTek’s manufacturing presence in Springfield, Vermont have already been made and sales are up more than 30% just five months after the transaction.
About Venture 7 Advisors:
Venture 7 Advisors is a team of merger and acquisition advisors who assist the owners of small and mid-sized companies to plan and complete the sale of their business. We find the best buyer to meet each business owner’s financial and legacy goals. We represent clients in consumer products, distribution, manufacturing, B2B services, construction, telecommunications, and eCommerce from offices in Burlington, Vermont, the Hudson Valley, New York, and Western Massachusetts.
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