Bonnett Partners

Minneapolis, Minnesota – Quazar is pleased to announce its client, Bonnett Partners, a Minneapolis-based family office, has acquired Quali-Mac, Inc. (“Quali-Mac”). Quazar advised Bonnett Partners on the transaction.

As part of Bonnett Partners strategic growth plan, it was seeking to acquire a machining business to augment its current portfolio company capabilities and to provide a broader range of services to its customer base. To help execute its acquisition strategy, Bonnett Partners retained Quazar due to Quazar’s experience, creativity, extensive network, and reputation for successfully working with privately-held businesses.

Quazar worked closely with the Bonnett Partners team to negotiate, structure the transaction, provide solutions when issues arose, and coordinate with all parties to a successful closing. Bonnett Partners closed on the acquisition of Quali-Mac on June 26, 2020.

“Working with Quazar on this acquisition was a truly fantastic experience, and I am grateful for all their help in getting to a successful closing. This acquisition would not have happened without Quazar’s help. I am excited to now be able to offer more services to our customers and for the new opportunities the combined companies will create for our employees.” – Dave Groeneweg, President of Bonnett Partners portfolio Company, LimPro, Inc.

Bonnett Partners (bonnettpartners.com) is a family office located in Minneapolis, MN. In addition to Quali-Mac, Bonnett Partners also owns LimPro, Inc. located in Fridley, MN. 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.

Quali-Mac, Inc. (quali-mac.com) is a manufacturer which specializes in CNC milling, turning, and manual milling. In addition to part runs, the company also offers prototyping and engineering services. The company was founded approximately 50 years ago and is based out of Bloomington, Minnesota. 

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.