November 2, 2023 – CriticalPoint is pleased to announce that it served as exclusive financial advisor to Consolidated Equipment Group, LLC (“CEG” or the “Company”), a portfolio company of Dominus Capital, L.P. (“Dominus”), on its acquisition of PRO-DIG, LLC (“PRO-DIG”).
Based in Elwood, Kansas, PRO-DIG is a manufacturer of foundation drilling equipment and tooling primarily used in the construction and utility markets. Founded in 2007 by Michael Charlton, who will maintain his leadership role in the acquisition, PRO-DIG’s primary products include hydraulic rotary-drilling drive heads, augers, and torque monitoring systems. The transaction marks the first in a strategic plan of mergers and acquisitions to support CEG’s growth under Dominus’ ownership. This also marks CriticalPoint’s second acquisition with Dominus, and the first for the CEG platform.
“The CriticalPoint team was instrumental in finding PRO-DIG, an ideal target that aligns with our strategy and culture at CEG,” commented Dominus Vice President, Brian Shabto. “We look forward to the continued growth of CEG and appreciate the CriticalPoint team’s efforts on this initial acquisition.”
About Consolidated Equipment Group
Founded in 1948, Consolidated Equipment Group, LLC was one of the first companies in the world to pioneer and manufacture rotary and hydraulic snow blowers. CEG’s products and service are recognized in the industry to be of the highest of quality, value, performance, and affordability. The Company provides highly complex, OEM-agnostic attachments for various power units through multiple channels across end markets. CEG’s operations are based out of its corporate headquarters in Alexandria, Minnesota with manufacturing facilities in Fosston, Minnesota.
About Dominus Capital
Based in New York, Dominus Capital, a 2022 Top 50 PE Firm in the Middle Market, focuses on management-led buyouts and growth capital investments particularly in family and founder owned companies in the business services and light manufacturing sectors of the economy. Drawing on the experience, knowledge and network of its founders and a team of in-house operating executives, Dominus Capital works hand-in-hand with exceptional management teams to unlock the untapped potential of its portfolio companies. The firm takes a long-term approach to investing and has a consistent and highly successful track record of achieving significant growth at its portfolio companies. The Dominus Capital team members have executed more than 90 transactions over the past 20+ years.
CriticalPoint served as the exclusive financial advisor to CEG in connection with the transaction. The transaction demonstrates CriticalPoint’s expertise in middle market advisory and commitment to act as a trusted advisor with proven abilities to deliver for its clients.
If you would like more information about CriticalPoint or have questions regarding this transaction, please contact:
Joe Onwuegbusi
Managing Director
(424) 567-6182
[email protected]
About CriticalPoint
Headquartered in Los Angeles, CriticalPoint is a leading full-service financial M&A firm that uniquely combines the best of investment banking, private capital, and valuation service offerings. CriticalPoint executes, sources, and invests in deals across a wide variety of industries for the traditionally underserved middle market. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential. From our deep-rooted foundation in private equity and investment banking, and our devotion to deal origination and business development, combined with being entrepreneurs at heart, we believe we are differentiated and well positioned to help companies wherever they are in their life cycle.
