Empowered Ventures

Firstar Precision Corporation ("Firstar") operates as an ISO 9001:2015 certified precision machining business that specializes in the turning, milling, and electrical discharge machining of tight-tolerance products primarily for the assembly tooling, food processing, and medical industries. MelCap Partners served as Firstar’s exclusive investment banker and financial advisor in the sale of the Company. We would like to thank Firstar's Shareholder, Dave Tenny, for hiring MelCap Partners to represent him in this important transaction. It was an honor and pleasure to work with him and his team through this exciting process.  In an effort to provide Mr. Tenny with liquidity, and to continue to support Firstar’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business.  As a result, Firstar was sold to Empowered Ventures, headquartered in Carmel, IN. Empowered Ventures buys closely held businesses with track records of success, investing in the long term without any intention of selling. Employees at Firstar will also be a part of Empowered's ESOP program.

Sold to

Member
MelCap Partners, LLC

Sector
Engineering / Industrials

Date completed
31.03.2021

Target company
Firstar Precision Corporation

Target country
United States

Acquirer company
Empowered Ventures

Acquirer country
United States

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