IMAP advises HEM on the sale of a majority stake to LCI Education
IMAP Morocco advised on the sale of an 85% stake in HEM, the leading Moroccan business school, to LCI Education, based in Montreal.
Falls River Group, LLC, has announced that Steven Smidler has joined the team as an Executive Transaction Advisor. In his role, he will focus on industrials, technology and distribution companies, providing sell side, buy side and strategic planning assistance.
Smidler was the President of Kaman Distribution and Executive Vice President for Kaman Corporation from 2010 to 2017 during which time he and his team completed 14 acquisitions and two divestitures. In addition to his acquisition experience as a strategic buyer he has significant integration expertise based on his role at Kaman, Eaton and Rockwell Automation.
Prior to Kaman Steve worked at Lenze Americas Corporation, where he served as Executive Vice President. He was also a member of the management committee of the Lenze Group, Germany and held the position of President and Treasurer for Lenze Americas and served as a board member for the Lenze ACTech production company.
Based on over 35 years in the industrial products sector Steve has significant knowledge of industrial automation, electrical, mechanical and fluid power products and value-add distribution channels; in addition, he provides a thorough knowledge of international markets and global business culture. Throughout his career, Smidler has held executive positions at Eaton Electrical Division and Rockwell Automation, which included a four-year expatriate assignment in Europe.
Kerry Dustin, founder and chairman of Falls River Group said
“We are very excited that Steve is joining the Falls River Group Team and bringing leadership to the industrials and distributions sectors that we have served since our founding 25 years ago."
The report is based on the results of a survey undertaken at the end of 2018, whereby IMAP partners across the world were asked for their views on the M&A markets in 2018, as well as their expectations for 2019.
IMAP is pleased to announce that Connector Specialists, Inc, distributor of industrial products, acquired the business operations of Bluestar Industries, LLC and Bluestar Ace Machine, LLC. Terms of the transaction were not disclosed.