Fulham has sold ZSi-Foster to Pfingsten Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that ZSi, Inc. and Foster Manufacturing Co., Inc. (collectively “ZSi-Foster” or the “Company”) have been sold by Fulham & Co. (“Fulham”) to Pfingsten Partners, LLC, a Chicago, Illinois-based private equity firm which invests in manufacturing, distribution and business services companies. Terms of the transaction were not disclosed.
Headquartered in Canton, Michigan, with an additional manufacturing facility in Springfield, Missouri, ZSi-Foster is a market-leading manufacturer and supplier of highly engineered, mission-critical clamping and coupling devices. The Company’s products are found in demanding environments across diversified end markets, including general industrial, fluid power, HVAC, refrigeration and electrical markets.
Lincoln acted as the exclusive financial advisor to ZSi-Foster in this transaction, working closely with its shareholders and management team throughout the process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. ZSi-Foster represents another successful Lincoln advisory assignment on behalf of Fulham, a Wellesley, Massachusetts-based private equity firm which invests in niche manufacturing companies, having previously assisted with the sale of Kerk Motion Products in 2008, F.R. Drake Co. in 2011 and Joyce/Dayton Corp. in 2014.
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