Bonnett Partners

Minneapolis, Minnesota – Quazar is pleased to announce its client, Bonnett Partners, a Minneapolis-based family office, has acquired Unimatic, Inc. (“Unimatic”), a manufacturer specializing in precision machining for the aerospace, defense, printing, and electrical equipment industries. The transaction represents Bonnett Partners’ third acquisition in the machining space. Quazar acted as Bonnett Partners’ exclusive buy-side financial advisor in the transaction, while Winthrop and Weinstine served as legal counsel. The transaction closed on September 19, 2022, and terms of the transaction were not disclosed.

Bonnett Partners retained Quazar as its exclusive buy-side advisor in order to help execute its acquisition strategy. The Bonnett Partners team chose to engage Quazar due to its extensive experience in manufacturing, local network of both professionals and business owners, and its proven ability to get deals across the finish line.

“We are thrilled to welcome the Unimatic team into our family of companies. We were impressed with Unimatic’s capabilities, long-term customer relationships, and skilled workforce. Moreover, from our first meeting with the Unimatic shareholders, we were excited to partner with likeminded business owners. We are grateful for Quazar’s involvement in sourcing and executing on the acquisition,” said TJ Bonnett, President and CEO of Bonnett Partners.

“We are excited to be transitioning our business to a new ownership group that is committed to serving our existing customers and employees, as well as continuing to grow and invest in the business to ensure its long-term success,” said Mary Kosters, CEO of Unimatic.

Bonnett Partners (bonnettpartners.com) is a family office located in Minneapolis, MN. In addition to Unimatic, Bonnett Partners also owns LimPro and Quali-Mac, both manufacturing companies located in the Twin Cities area. Bonnett Partners continues to execute on its strategy to roll-up privately owned machining businesses seeking to transition to new ownership, as well as those that complement its existing capabilities and client base.

Unimatic, Inc. (unimaticinc.com) is a manufacturing company specializing in precision machining for the aerospace, defense, printing, and electrical equipment industries. The Company was founded in 1964 and is located in St. Louis Park, MN. Prior to its sale to Bonnett Partners, it was owned by second generation owners Mary and Jay Kosters who continued to build upon the company’s strong reputation for superior performance.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.