A.T. Cross Company has been sold to Transom Capital Partners
Lincoln International, a leading global mid-market investment bank, is pleased to announce the sale of substantially all of the assets of A.T. Cross Company (“Cross” or the “Company”) to Transom Capital Partners (“Transom”).
The Company is a leading manufacturer and marketer of innovative premium writing instruments that include ballpoint pens, fountain pens, refills and related accessories such as leather goods and reading glasses. Cross has a 178 year history of providing high quality products globally. The Company will continue to be led by Robert Baird and will continue to operate under the Company’s brands, which include Cross, Sheaffer and Franklin Covey. For more information on Transom Cross, visit www.cross.com.
Robert Baird, CEO of Cross noted, “Lincoln International did an outstanding job advising us with respect to this transaction. Without their consistent and fully dedicated senior level attention to all aspects of the acquisition, we would not have been able to complete this complicated transaction and be in a position to continue executing our growth initiatives.”
Lincoln acted as the exclusive financial advisor to Cross, working closely with the Company’s management team throughout the sale process. This involved expeditiously managing a broad sale process, negotiating the terms of the asset purchase agreement and advising on other aspects of the diligence process. Lincoln also thanks the professionals at Morgan, Lewis & Bockius and Huron Consulting Group for working collaboratively to achieve a great outcome.
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