Business Description: ShockWatch’s equipment monitoring division, based in Graham, Texas, designs and manufactures its own branded line of equipment monitoring products sold globally through material handling OEMs, OEM dealer networks and end users that operate mobile material handling fleets of any size within distribution centers, logistics hubs and manufacturing facilities.
ShockWatch is a wholly owned subsidiary of Media Recovery, Inc., a portfolio company of Capital Southwest Corporation.
Challenge: ShockWatch desired to divest its equipment monitoring division in order to focus exclusively on its shipping and handling and cold-chain product lines.
Solution: Wilcox Swartzwelder & Co. created the marketing materials, ran a very targeted sales process to identify interested strategic acquirers and negotiated favorable terms with Rush Tracking Systems, a Pharos Capital Group portfolio company.
Transaction Demonstrates: Ability for Wilcox Swartzwelder & Co. to successfully execute a complex corporate divestiture and is another example of its experience working with industrial companies and private equity backed businesses.
Wilcox Swartzwelder & Co. are energy investment bankers in Fort Worth / Dallas, Texas.
See press release.
See RFID Journal article.