Wipfli Corporate Finance Advisors, the investment banking and corporate finance arm of Wipfli, experienced a solid year, completing four sell-side M&A transactions across a range of industries. The firm provided custom-tailored solutions to each of its clients to successfully identify and execute on optimal transaction structures and terms, resulting in positive outcomes for all parties involved in each transaction. Wipfli Corporate Finance is proud to have served its clients in 2022 and is looking forward to serving you in 2023.

Transactions closed

Select 2022 M&A case studies

Amperage Electrical Supply

Company description: Amperage Electrical Supply is a diversified distributor of electrical supplies in Chicago from top suppliers. Amperage was ranked as the 86th largest distributor in the U.S., with revenue exceeding $110M in 2022.

Overview: The founder and owner of Amperage Electrical Supply was interested in transitioning the business to a new partner that would maintain its focus on company culture, employees and customers, while driving growth to maintain its position as a market leader in electrical supply distribution.

Solution: Wipfli Corporate Finance worked to find a partner with the resources and capabilities to continue Amperage’s legacy and expand its level of service to both new and existing customers. The firm guided Amperage through its sale to Consolidated Electrical Distributors, the fourth largest distributor in the U.S.

Headwaters State Bank

Company description: Headwaters State Bank is a full-service community bank serving the northern Wisconsin area through its relationship-based approach. It has two branches and had $80 million in assets as of March 31, 2022.

Overview: Headwaters was seeking a partner to grow the bank’s local market share while maintaining its reputation for community, culture and customers.

Solution: Wipfli Corporate Finance worked to find a partner with the resources to drive the bank’s growth and maintain its community-based foundation and reputation. The firm guided Headwaters through its sale to Lake Shore III Corporation, parent company of Hiawatha National Bank.

Advance Electrical Supply

Company description: Advance Electrical Supply is a leading electrical distributor to the Chicago market. It’s a preferred supplier of premium electrical products and has more than 100 employees.

Overview: The owners of Advance Electrical Supply were seeking to partner with a culturally aligned, national distributor to accelerate the company’s growth trajectory while continuing to deliver world-class customer service.

Solution: Wipfli Corporate Finance worked diligently to market the core values of Advance Electrical Supply, which was ultimately acquired by Border States, a multi-billion-dollar ESOP that is committed to continuing to put the employees and customers first.

About Wipfli Corporate Finance Advisors

Wipfli Corporate Finance Advisors, LLC is the investment banking and corporate finance arm of Wipfli LLP, a top 20 national accounting and consulting firm. Wipfli Corporate Finance offers tailored investment banking services for middle-market companies ($10-$250 million of revenue) and capital providers. We pride ourselves on earning our clients’ confidence through dedication to their strategic and transaction needs. Additionally, our clients benefit from the full suite of Wipfli’s services, including tax and accounting, which are critical components of the transaction process.

Investment banking and corporate finance services

Our team has an unrelenting focus on achieving client goals. By leveraging our experience and broad firm resources, we deliver strategic guidance designed to maximize the likelihood of success during a transaction process.

Below is a summary of the investment banking and corporate finance services that are offered by Wipfli Corporate Finance:

Sell-side and buy-side

• M&A services
• Business unit and company sales
• Acquisitions (searches, structuring and due diligence)
• Mergers
• Management buyouts

Financial advisory services

• Optimal capital structure analysis
• Strategic funding plans
• Business valuation services
• Transition planning
• Strategic business planning