Beanstalk Collaborative Community Wealth announces new financial and legacy-protecting option to transitioning owners within the manufacturing industry
Organization's buy, build, and hold model supports transitioning owners while preserving and growing local businesses and jobs in perpetuity
DENVER, Oct. 18, 2022 /PRNewswire-PRWeb/ -- Beanstalk Collaborative Community Wealth, LLC (BCCW), a holding company dedicated to providing legacy-protecting opportunities to exiting owners in the precision manufacturing industry, is pleased to showcase the results from its first acquisition while pledging continuous educational outreach to the marketplace on its new option for those looking to sell manufacturing entities.
U.S. manufacturing provides 12.8 million jobs annually. The industry contributes $2.4 trillion to the economy, making it the eighth largest economy in the world. Every dollar spent in manufacturing adds another $2.79 into local economies. That impact is meaningful, not just for business leaders or consumers, but for workers, towns, and cities, too, which makes BCCW's mission even more important for the health of the American economy.
BCCW employs a buy, build, and hold model with the goal being to preserve legacies and keep manufacturing businesses and jobs in place to ensure their economic benefits remain in local communities. BCCW pledges to improve operations while increasing profits, compensation, and overall transparency in the companies it acquires.
"Our leadership team has over five decades of success guiding both enterprise and SMB level manufacturing operations within the United States and internationally," said Troy Roberts BCCW CEO and co-founder. "These years of experience taught us that BCCW's buy, build, and hold model is a critically needed option within the marketplace and will help keep U.S. manufacturing viable, so jobs don't disappear, and plants aren't moved or closed, as these are tactics that have historically done dramatic damage to communities."
Specializing in acquiring manufacturers within CNC precision machining, metal spinning, short-run metal stamping, tool & die, tool & mold, and injection molding, BCCW has enjoyed early success with its first acquisition of Tolerance Tool, LLC.
Acquired by BCCW in 2021, Tolerance Tool, LLC, is a precision injection mold manufacturing company based in North St. Paul, Minn. Tolerance Tool's exiting founders encountered several obstacles during their attempts to sell the company before meeting with BCCW. Soon after they learned of the buy, build, and hold model, an agreement was in place to sell to BCCW with the promise that their company would remain local while their employees would enjoy advanced operational and financial benefits.
Since the purchase of Tolerance Tool, BCCW launched a new profit-sharing program for employees, created Tolerance Tool's first company handbook, began hosting monthly financial transparency meetings with the full staff, and added accounting and office management personnel, along with new machine operators. Currently, nearly one-year post-acquisition, Tolerance Tool has experienced one of its most profitable quarters in its rich history while retaining all employees and customers, many who have been engaged with Tolerance Tool for over 30 years.
"Collectively, our team quickly moved from hesitation to inspiration after the acquisition, as BCCW has kept to its promises to secure our jobs, keep our legacy customers in place, and increase our benefits and profitability," said Greg Kolbeck, GM of Tolerance Tool and a 25-year employee of the company.
BCCW understands it is offering a unique option for transitioning owners and has focused on educating the members of the industry on its new acquisition model, and how it compares to methods common to the marketplace. That is why its leadership plans to spend 2022-2023 forging and reinforcing relationships with entities such as the National Tooling and Machining Association, Precision Metal Forming Association and public media to inspire precision manufacturing owners to investigate and ask questions about their innovative model to protect legacies and keep businesses and jobs local.
"If BCCW acquires your company, our team pledges to invest in people, process, and capital that delivers best practice operating systems, employee engagement, and transparent financial results as we work to keep the business local, permanently. We want to talk with family business owners who care about their legacies, employees, and community. We plan on spending our time working with transitioning business owners who are mission aligned, and educating manufacturing owners on the complexity of succession, while also recruiting additional BCCW investors who share our vision for American Manufacturing," added Roberts.
For transitioning manufacturing owners in the United States who are seeking options to sell their companies, or for those who want to invest in our buy, build and hold vision, please contact BCCW here to start a conversation and learn more about us.
Media Contact
Josh Steinfeld, Steinfeld Consulting, 1 339-225-1581, [email protected]
SOURCE Beanstalk Collaborative Community Wealth
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