Holliston, LLC (“Holliston” or the “Company”), founded in 1893 and based in Church Hill, Tennessee, is a leading value-added producer of coated cloth covering materials. The Company’s products provide protection and security for books and other published materials as well as packaging and industrial products. Holliston serves a diverse, global customer base across a variety of end markets including publishing companies, bookbinders, government passport contractors and major industrial consumer brand companies. Due to its reputation for producing high quality products, the Company holds the distinction of being the sole supplier of U.S. passport covers for over 20 years.
Holliston had a long history of successful operations but was impacted by a “perfect storm” of a flawed owner/investor strategy coupled with its primary Institutional lender, literally desiring to go out of business, while the company continued to operate successfully and financially.
After a Seller inspired, very complicated sales process and considerable ongoing negotiations, members of the Alpha Stratagem team, assisted Henry & Wallace, LLC (“the Acquirer or Acquirer”), in facilitating the acquisition of Holliston. As a strategic advisor to the Acquirer, over 100% of the acquisition and working capital was arranged and with financial closing required, in less than 30 days, from the date of the Purchase and Sales Agreement being finalized. Post the role in assisting Henry & Wallace, in completing the expedited acquisition, the Alpha Stratagem team members further assisted in the Company’s procurement of additional and traditional capital; as part of a desired goal of stabilizing the Company, both operationally and financially.
