Stout has advised The A.J. Sackett & Sons Company and Waconia Manufacturing, Inc. (“Sackett-Waconia” or the “Company”) on the Company’s sale to PVS Chemicals, Inc. (“PVS”), a Detroit-based global industrial company, owned by the Nicholson family.

Founded in 1897, Sackett-Waconia is regarded as one of the top providers of engineered material handling systems in the world for the fertilizer industry. The Company’s systems include blending and process systems, import/export terminals, receiving systems, coating systems, and bulk weighing systems.

“We have always tried to run Sackett-Waconia with integrity and in a manner that values all stakeholders, including employees, customers, vendors, and collaborators” said Larry Taylor, the Company’s CEO and owner. He continued, “PVS is an outstanding organization with a philosophy and culture that aligns with ours. I am excited to partner with the Nicholson family and look forward to the next chapter for our great company.”

“The Stout investment banking team’s sale process was tailored to meet our objective, which was to find a partner with strategic and cultural alignment with Sackett-Waconia,” said the Company’s President Gene Gauss. He added, “We couldn’t be more pleased with this outcome.”

Stout’s Managing Director John Lahti led the transaction. Sidarth Balaji and Jordan Baum served as Senior Vice President and Analyst, respectively. Nick Jachim, Vice Chairman of Stout, was also involved with the transaction.

Lowe Law Firm, based in Lansing, Michigan, served as legal counsel to Sackett-Waconia.

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