Press Releases
Posted September 11, 2013

Talon Innovations Corporation Has Received an Investment from Graycliff Partners

Industrial Services & Manufacturing
Transaction Type
Mergers & Acquisitions
Sauk Rapids, Minnesota

HOUSTON, September 11, 2013 – GulfStar Group (“GulfStar”) is pleased to announce the sale of Talon Innovations Corporation (“Talon” or the “Company”) to Graycliff Partners (“Graycliff”). GulfStar served as exclusive financial advisor to Talon throughout the transaction, which closed on September 4, 2013.

Headquartered in Sauk Rapids, MN, Talon provides solution-based precision machining of critical parts primarily for the semiconductor industry, with capabilities to serve the medical, aerospace, oil and gas and components manufacturing industries. The Company offers design-for-manufacturing engineering support to complement its machining and finishing operations, which enables it to offer true turnkey solutions to its customers.

“We are pleased that Talon is joining Graycliff’s portfolio of companies,” said Nico Kieves Wyrobek, Chairwoman of Talon. “From the beginning of this process we sought a partner who would carry on the Company’s legacy of excellence in not simply servicing customers, but solving customer problems. We were also searching for a partner that would provide continued opportunities for our employees who have always been the cornerstone of our success. We simply would not have reached this outcome without the guidance, knowledge and dedication of GulfStar and look forward to our next opportunity to work with the GulfStar team. Meanwhile, we remain focused on Talon’s continued growth under Graycliff’s leadership.”

The GulfStar team included Managing Director Scott Winship, Associate James Berry and Analyst Caroline Incavo. “Talon has emerged as a demonstrated leader in the market for ultra-high precision components utilized in extreme service environments. We congratulate the Kieves and Eriksson families for building a terrific business over the last decade, and for assembling a very talented and dedicated group of employees. We look forward to watching Talon’s continued growth and expansion under the skilled guidance of the Graycliff team, whose core sector experience and vast network of relationships will strongly benefit the Company for years to come,” said Winship.

About Graycliff Partners
Graycliff Partners is an independent investment firm focusing on lower middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.

About GulfStar Group
GulfStar is a leading middle market investment and merchant bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed over 575 transactions in more than 30 states and seven foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.

Securities offered through GulfStar Group I, Ltd. an affiliated entity, memberFINRA – SIPC

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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