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Quaestor Equity |
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December 23, 2005
QUAESTOR EQUITY
ACQUIRES MAJORITY INTEREST IN SMART MACHINE
TECHNOLOGIES, INC.
acquired a majority of the common equity of Smart Machine Technologies, Inc. Smart Machines
(www.smartmachine.com) engineers, manufactures, and installs custom industrial machinery for
diverse industries, including food & beverage, tobacco, and wastewater treatment.
Smart Machines' combination of talents in efficient design, high-quality manufacturing, and
rapid installation is unique in the industry, affording clients highly valuable "turn-key" solutions
with attractive pricing and minimal production down-time. Under the leadership of Mike Byrd
and Mike Cox, both of whom will continue with the business, the company has enjoyed good
revenue and profit performance.
Quaestor's strategy is to build on Smart Machines' excellent reputation through increased market
penetration and the enhancement of its existing portfolio through the addition of complementary
products. Selective acquisitions will also be considered.
Cherry, Bekaert, & Holland of Charlotte, North Carolina acted as advisor to Quaestor for tax
matters. Woods Rogers
PLC of
ABOUT QUAESTOR EQUITY
PARTNERS, LLC
Quaestor Equity Partners brings more than 75 years of operating experience to transactions in the
Middle Market. We focus on business to business manufacturers, distributors and service
providers in the durable goods space.
We practice high Value-Added management by limiting our portfolio to one or two
companies
per Partner. Our Partners have deep operational contacts in
the
work intensively with our portfolio companies to help them realize growth opportunities and
greater operating efficiencies. Learn more at www.quaestorequity.com.
HEADQUARTERS
(708) 668-7640
(708) 668-7643 fax
dick@quaestorequity.com