Carr, Riggs & Ingram Capital Advisors Assists With the Acquisition of Micor Industries by Thorne Enterprises
DECATUR, Ala., May 10, 2018 (Newswire.com) - Carr, Riggs & Ingram Capital Advisors LLC (CRI Capital Advisors) is pleased to announce the acquisition of Micor Industries Inc. by Thorne Enterprises on May 1, 2018. CRI Capital Advisors assisted Thorne Enterprises as the sole investment banking advisor.
Micor Industries Inc. was founded in 1999 by Mike Heath with the goal to provide superior quality, efficient machining and precision manufacturing services to clients worldwide.
Located in Decatur, Alabama, Micor Industries has state-of-the-art facilities containing the latest in CNC, multi-axis machines and precision inspection equipment. The company maintains ISO: 9001:2015 and AS9100 Rev D certification and serves the oil and gas, energy, military, space and aerospace industries. Excelling in precision solutions, Micor assembles components for use in sub-sea energy exploration and extraction, flight-critical rocket components and military programs. They are a preferred vendor to some of the largest aerospace programs in the world.
Thorne Industries is excited to provide new management and vision to accelerate Micor’s growth and facilitate its continued evolution as a company. Curt Thorne of Thorne Industries has an extensive business background, including founding and scaling a company to over $1 billion in revenue. Neil Thorne has recently returned to the U.S. after five years in Hong Kong where he worked as the senior country officer for one of the world’s largest investment banks. His experience and track record of success will enable Thorne Industries to be a sound, strategic partner for the Micor team.
“We’re really excited to be involved with a company that manufactures critical parts in support of some of the most important activities in our country, whether it is launching rockets into space, delivering energy that reduces America’s dependence on imports or supporting the U.S. military,” said Neil Thorne. “It is also gratifying to provide good manufacturing jobs that support Decatur families. We have the resources to grow the company and the number of jobs within the community.”
“In partnership with Neil and Curt Thorne, I have great confidence that Micor is poised for great growth and success,” said Mike Heath. “I expect to see a lot of good things for Micor’s customers and the Micor team.”
About Carr, Riggs and Ingram Capital Advisors LLC
CRI Capital Advisors LLC is a merger and acquisitions focused investment banking firm providing solutions to lower-middle market companies. Clients of the firm typically generate between $10 million and $200 million in annual sales with valuations ranging from $5 million to $150 million. The firm has experience across a broad range of industries including manufacturing, healthcare, business services, energy services and many others. The firm is a registered Broker-Dealer with the Securities Exchange Commission and a member of FINRA and SIPC. Additional information is available on the firm’s website, www.criadv.com.
CRI Capital Advisors LLC is an affiliated firm of Carr, Riggs & Ingram LLC, a top 20 CPA firm in the country with more than 60 offices and 2,000 professionals across the Southern United States.
Paul Evans, CRI Capital Advisors Vice President
Source: CRI Capital Advisors
Categories: Heavy Machinery