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Setting Up Third Generation Ownership for Future Success

"We turned to Jeff Peisach and 44 Business Capital. Jeff has been instrumental in understanding and representing our company's needs, then concluding the refinancing process in a timely manner. With the refinance complete we look forward to completing our plan to convert our business from a “Contract model” to a “Job shop model” in which we will no longer have any singular customer greater than 25% of our total sales."

Tim Auman
I Auman Machine | Lebanon, PA

CHALLENGE

I Auman Machine is a privately held 70 year old manufacturing company in the later stages of second generation ownership in Lebanon, PA. To properly set up the third generation ownership and employees for future success, the company needed to refinance existing debt and acquire a strategically important machine tool, while keeping annual debt service low.