Yellow Cardinal Mergers & Acquisitions Announces the Sale of Jena Tool Incorporated

About the Transaction

Yellow Cardinal Mergers & Acquisitions is pleased to announce the sale of Jena Tool Incorporated, a turnkey manufacturer from prototype to production. Jena Tool manages every step of product manufacturing from prototype to production, inspection, packaging, inventory and shipping. Lake City Industries/Holdings acquired our client. Lake City Industries is one of the best sheet metal fabricators with a vision to being the most trusted manufacturing partner and an industry leader. The new ownership group will build on the Company’s historical success while pursuing growth opportunities.

About Yellow Cardinal Mergers & Acquisitions

Yellow Cardinal Mergers & Acquisitions was the exclusive financial advisor in connection with the sale of Jena Tool. Yellow Cardinal assists buyers and sellers in navigating the complexities of M&A transactions. With over 150 years of combined experience, Yellow Cardinal has a wide range of capabilities and expertise including sell-side merger and acquisition, buy-side strategy and execution, and business succession services.