“Despite receiving higher bids, we chose to partner with Thayer due to their extensive operating experience and clear ability to enhance our growth and profitability.”
– Bob Mylott, Chief Executive Officer, PCT
Power & Composite Technologies, Inc. (“PCT”) designs, manufactures and sells highly engineered composite components for use in multi-scale electrical generators as well as custom composite structures for use in medical, technology, and aerospace & defense applications. PCT sells their products to both original equipment manufacturers and to the aftermarket.
Thayer | Hidden Creek Value Add
The Thayer | Hidden Creek (“THC”) team helped PCT accelerate the transfer of certain production to China in order to provide a cost advantage for labor intensive original equipment products and to create additional capacity in the U.S. for more time-sensitive aftermarket components. THC also assisted the Chief Executive Officer in hiring a Chief Financial Officer/Controller. THC then worked with the new CFO to enhance the financial infrastructure of PCT. To help ensure continued impressive revenue growth trends, the professionals at THC are using their industry contacts in order make new customer introductions. Finally, Thayer | Hidden Creek has been actively assisting PCT’s management team in identifying, evaluating and executing strategic acquisitions in a fragmented market.
Outlook
PCT has had several years of consistent, high growth performance. Looking ahead, overall global market demand for PCT’s products (large-scale utility power generation equipment) is forecasted to have solid growth. Thayer | Hidden Creek will partner with PCT to help them continue their impressive performance by improving profitability and growing the business though internal sales initiatives and targeted acquisitions.
