Guzman Law Group Advises Beranek, LLC in sale to J&E Precision Tool
Guzman Law Group, P.C. is pleased to announce the sale of Beranek, LLC, a precision manufacturer of technical components for the aerospace and defense, and space exploration markets, to J&E Precision Tool, a portfolio company of LFM Capital. Guzman Law Group, P.C. served as legal counsel to Beranek, LLC. Transaction terms were not disclosed.
Founded in 1978 and based in Torrance, California, Beranek is a second-generation family business serving blue-chip defense prime contractors and global aerospace customers that require high cost-of-failure parts for complex systems, manufactured to exacting specifications. The Company’s components are utilized in military aerospace, space rocket engines & firing systems, and commercial aircraft. Boasting complex manufacturing certifications, entrenched positions with key customers, and decades of highly technical experience, the Company represents a critical link in the global A&D supply chain.
George Beranek, President of Beranek, said, “The Guzman Law Group provided flawless transaction execution advising our family throughout the M&A sales process of our family business. They provided first class legal representation and advised the process every step of the way.” Mr. Beranek added, “During our numerous conferences, Ed Powell was always spot on with his input, suggestions, and advise. He seemed to anticipate everything coming our way and was ready to address every issue immediately…I would highly recommend the Guzman Law Group team.”
Attorney Edward Powell commented, “Being able to represent George Beranek and the rest of his family through the years in building their business, and seeing them richly rewarded for those years of hard work, has been very gratifying”. He added, “At Guzman Law Group, our extensive private equity buy-side experience informs our approach when representing sellers of family businesses like the Beraneks and allows us to focus on the issues that matter to the owners. We help ensure their business is in good hands, giving peace of mind that the company's employees continue to have a home that is satisfying for them, that their customers continue to be well served, and that the buyer continues the legacy created by the founders and their family”.
Livingstone served as financial advisor while Blythe Global Advisors, LLC provided transaction-related accounting services to Beranek. Bass, Berry & Sims PLC served as legal counsel, and LBMC, PC provided transaction-related accounting services to J&E.