On March 6, 2017, Norwest Equity Partners (“NEP”), a leading middle market investment firm founded in 1961, announced that it had successfully made a significant investment in Bailiwick (the “Company”), a provider of professionally managed technology integration for complex, large-scale IT initiatives. The transaction closed on February 28, 2017; financial terms were not disclosed.
Cherry Tree’s Role
Cherry Tree was engaged by Bailiwick management and shareholders as their financial advisor on the transaction. Cherry Tree’s team worked closely with management to identify Company core strengths and underlying value drivers that complemented its strong financial performance. “Thank you, Cherry Tree, for seeing us for more than just what our books show,” said Michele Wolter, Vice President of Sales and Marketing, “You saw that our Company is so much more than math, process and client lists.”
Cherry Tree was involved in all aspects of the transaction, providing extensive support throughout due diligence, and facilitating the close during the four month process.
Founded in 1995, Bailiwick provides best-in-class design and deployment of IT solutions for Fortune 100 and 500 companies customized to their unique needs. As a partner to leading corporations, Bailiwick professionally manages technology integration of complex, large-scale IT initiatives. The Company’s solutions include wireless design and implementation, new site opening installations and on-going maintenance, merger and acquisition integrations, hardware asset lifecycle programs, IPVS/CCTV implementation and maintenance and fast-moving technology deployments. Bailiwick’s professional services include engineering, configuration, project management, maintenance, and asset lifecycle management, and its installation services include cabling, electrical, and all platforms of equipment from POS to kitchen systems. The Company serves customers within the retail, financial, logistics & manufacturing, and quick-serve and fast casual restaurant industries. For a company profile, please visit www.bailiwick.com
About Norwest Equity Partners
Norwest Equity Partners, based in Minneapolis, Minnesota, is a leading middle market investment firm focused on partnering with business owners to build companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP has raised over $7 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP believes in long-term relationships and helping stakeholders realize liquidity at the appropriate time. For more information, please visit www.nep.com.
About Cherry Tree & Associates
Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.