Heritage Capital Group Facilitates a Strategic Partnership
Heritage Capital Group, Inc. is thrilled to share that its client, Florida Powertrain & Hydraulics, Inc., has entered a partnership with Houston's Winterford Capital LLC. This collaboration is set to elevate Florida Powertrain’s operational capabilities and market reach significantly.
Florida Powertrain: A Legacy of Excellence
Founded in 1953, Florida Powertrain is a multi-generational, family-owned establishment that operates four major locations across Florida including Jacksonville, Orlando, Tampa, and Miami. The company specializes in providing powertrain and hydraulic components tailored for commercial, industrial, and mobile equipment sectors.
Core Competencies and Services
Florida Powertrain's offerings encompass advanced power take-offs, drivelines, and hydraulic systems. These capabilities are bolstered by their in-house design, fabrication, repair, and aftermarket services, ensuring they meet and exceed customer expectations consistently.
What Winterford Capital Brings to the Table
Winterford Capital stands out as an investment firm dedicated to collaborating with renowned family-run and founder-owned businesses in the lower-middle market. Their specialization focuses primarily on industrial firms.
Commitment to Long-Term Success
With a unique approach, Winterford Capital prides itself on forming genuine partnerships aimed at driving operational advancements and strategic investments that pave the way for sustainable success.
The Collaboration Process
“Collaborating with Heritage during this transaction was an exceptional experience,” said Steve Powers, owner of Florida Powertrain. “Joe Hawkins and the team truly grasped our business model, consistently proposing the right steps to propel our partnership forward. Their focus on detail was vital in navigating our journey.”
Supporting Future Growth
Historically, Florida Powertrain has built a strong legacy throughout Florida for over seven decades. Joe Hawkins from Heritage Capital Group remarked, “Our mission was to find a partner that could help Florida Powertrain with its next growth phase while keeping its employee culture intact and maintaining its high service standards.”
Heritage's Role in the Partnership
Heritage served as the exclusive advisory firm for Florida Powertrain throughout this transaction. The accomplished deal team was spearheaded by Joe Hawkins, along with members Hannah Solomon, Don Wiggins, and Bobby Ward. Although the specific terms of the transaction remain undisclosed, its impact is expected to be significant for both companies.
Essential Services Offered by Heritage Capital Group
Heritage Capital Group provides a range of services including mergers and acquisitions, business valuation, and capital advisory tailored for middle-market and emerging growth companies. They are registered as a FINRA broker-dealer and are an integral member of Oaklins, a global advisory firm backing over 850 professionals across 40 countries.
Frequently Asked Questions
What is the significance of the partnership between Florida Powertrain and Winterford Capital?
This partnership aims to enhance operational capabilities and drive Florida Powertrain's growth while preserving its company culture.
When was Florida Powertrain founded?
Florida Powertrain was established in 1953, making it a well-respected name in the industry.
Who led the deal team at Heritage Capital Group?
Joe Hawkins led the deal team, supported by Hannah Solomon, Don Wiggins, and Bobby Ward.
What services does Heritage Capital Group provide?
Heritage offers mergers and acquisitions, business valuation, and capital advisory services to middle-market and emerging-growth companies.
Is Florida Powertrain a family-owned business?
Yes, Florida Powertrain is a multi-generational, family-owned business led by the Powers family.
