Chartwell is pleased to announce Blackstone has successfully completed a minority equity investment in Salas O’Brien, a leading employee-owned engineering and technical services firm.

news

Chartwell Advises Taylor & Martin on Sale to Mitsui & Co.

April 2024

Chartwell is pleased to announce Taylor & Martin, a nationally recognized auctioneering company, has been acquired by Mitsui & Co., a global investment conglomerate. Taylor & Martin (the “Company”) evaluated an unsolicited offer from Mitsui as the proposal presented a compelling avenue to increase scale and growth through the implementation of new services and the ability to leverage Mitsui’s industry relationships to accelerate the execution of more auctions. Chartwell was engaged to provide advisory services to the Company and its board of directors for a potential transaction, including the execution of a market check process.

Chartwell was critical in the development of materials that qualitatively and quantitatively highlighted Taylor & Martin’s strategic growth opportunities and the potential synergies that could be achieved through a combination with a strategic acquirer, resulting in a purchase price representing a significant premium to the most recent ESOP valuation.

Chartwell exerted significant influence in transaction negotiations, skillfully navigating cross-cultural and public company dynamics to attain the most favorable deal terms, including the removal of requested management rollover, elimination of proposed earnouts and escrows, and the implementation of a meaningful retention bonus for employees.

Throughout the transaction, the partnership between Taylor & Martin and Mitsui exhibited a strong cultural fit, passion for the Company’s mission, and the vision and resources necessary to accelerate ongoing growth and create a meaningful opportunity for the ESOP participants to realize significant retirement assets.

About Taylor & Martin

Headquartered in Fremont, Nebraska, Taylor & Martin is the nation’s leader in over-the-road trucking equipment, remarketing, appraisals, and consulting. Founded in 1935, the Company has been dedicated exclusively to the transportation industry for 60+ years and maintains a strong reputation for  integrity, efficient auctions, and industry/equipment expertise. Prior to the sale, the Company was 100% owned by an S Corporation ESOP with approximately 80 employee-owners.

Chartwell Contact

For additional information on this transaction, please contact Wil Becker. To learn more about Chartwell’s corporate finance capabilities, please contact Greg Fresh.


Back to top