ACT Capital Advisors Announces the Acquisition of Rainier Pallet and Crating Corporation by TransPak, Inc.

December 12, 2014 (PRLEAP.COM) Business News
Bellevue, December 12, 2014, 2014 ACT Capital Advisors, LLC, a mid-market Mergers and Acquisitions Advisory firm in the Pacific Northwest represented Rainier Pallet and Crating Corporation, a pallet and crate manufacturing company from Auburn, WA through the sale of the business. TransPak, of San Jose, CA, a specialty crating manufacturer, acquired Rainier Pallet and Crating with an effective closing date of August 31st 2014.

For over 60 years, Rainier Pallet and Crating served its customer base by providing cost effective shipping, transportation and distribution solutions. The Company has effectively provided new and used pallets along with high quality crate packaging. The business services over 500 customers whose needs vary from inexpensive lower-grade pallets to high quality specially designed pallets and crates. This acquisition represents the business's third successful transfer of ownership while continuously meeting high expectations for his client base.

Robert Hild, President and Managing Director of ACT Capital Advisors, with the assistance Senior Associate, Troy Jenkins, led the acquisition process. As Hild and Jenkins marketed the acquisition opportunity to various strategic and financial buyers they were able to simultaneously draw multiple bidders into the negotiation process. As a result ACT Capital Advisors' secured an offer far above expectations and pre-marketing enterprise valuation. Mergers and Acquisitions Market has become very active. "These are the highest EBITDA multiples we have seen since before the recession in 2008" says Hild. Jenkins expounds, "Rainier sold for an EBITDA multiple exceeding 5x, not bad for a commodity business." And Jenkins' continues. "It also validates our unique approach to marketing our clients." Hild adds by saying, "Business owners who sell during this 2014 and 2015 time-frame will not regret the decision based on timing; this is the best time to sell a company."

Founded in the same year as Rainier Pallet and Crating, TransPak provides high-end crating for a wide array of products for both national and international clients; however, it has not had a presence in the pallet building/refurbishing industry. This new segment of business combined with the expanded geographical market presence into the Pacific Northwest created the synergistic value between the two businesses. All parties involved in the acquisition are confidant TransPak will be highly successful with the new addition.

About ACT Capital Advisors
ACT Capital Advisors is the leading M&A advisory firm in the Pacific Northwest with over 25 years of service completing over a 100 transactions with combined value exceeding $1.5 billion. ACT represents businesses across a variety of industries including manufacturing, petroleum, transportation, distribution, logistics, technology, and healthcare, aerospace and outsourced services. Headquartered in Bellevue, WA ACT has offices in Bellevue, Portland, Phoenix and New York. It has a unique process that creates significant value for business owners. For more information on ACT and/or other businesses it currently represents visit its website at www.actcapitaladvisors.com or contact Robert Hild, Managing Director, at rhild@actcapitaladvisors.com or Jenkins, Senior Associate, at tjenkins@actcapitaladvisors.com.

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