25 October 2016

Miller Johnson Represents Motion Dynamics Corp. in Investment Transaction with Vance Street Capital

The Transaction
Miller Johnson represented Motion Dynamics Corp. (Motion Dynamics) in its investment transaction with Vance Street Capital LLC (Vance Street). Vance Street acquired a majority position in Motion Dynamics as a result of the transaction, and Chris Witham will continue as the President of Motion Dynamics. Motion Dynamics is headquartered in Fruitport, Michigan in a 40,000 square foot production facility built in 2015 which houses state of the art custom built CNC coilers, winders and formers.

“Vance Street’s long track record of supporting high-precision manufacturing businesses across the medical, A&D and industrial end markets makes them the perfect partner to help Motion Dynamics grow and continue to provide the highest level of products and services to our customers,” said Chris Witham. He also added that “Miller Johnson made the transaction incredibly smooth with a great level of service and teamwork.”

Charter Capital Partners served as financial advisor and Miller Johnson served as legal counsel to Motion Dynamics in this transaction. Miller Johnson’s legal transaction team consisted of Dustin Daniels (M&A counsel), Bob Wolford (M&A counsel), Brittany Harden (Corporate), Neil Williams (Tax), James Ens (Real Estate), Alan Schwartz (Environmental), Nate Plantinga (Labor) and Jim Bruinsma (Employee Benefits).

Motion Dynamics Corp.
( Motion Dynamics designs and manufactures high-quality precision wire components, springs and wire assemblies primarily for the medical, electronics and aerospace markets.

Vance Street Capital LLC
( Vance Street Capital is a Los Angeles-based private equity firm which invests in middle-market businesses in the medical, aerospace, defense and industrial sectors. For over two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio.

Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group is adept at negotiating, structuring, and advising clients with respect to the various challenges that arise in the context of mergers, acquisitions, dispositions or other business combinations.

Miller Johnson has a tier one ranking for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked among America’s best by Chambers USA. At the 2015 M&A Deals and Dealmakers Awards presented by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys were involved in a deal honored as a finalist for the Best Company Deal ($25 million to $150 Million) category. Another Miller Johnson transaction was a finalist at the national 2015 M&A Advisor Awards. For further information, please contact Dustin Daniels at (616) 831-1737 or Robert D. Wolford at (616) 831-1726.