PCI is a leading designer and manufacturer of proprietary portable liquid/gaseous oxygen and nitrogen generating systems. These systems are used by the United States and friendly military forces worldwide, and are also used in oil exploration and drilling, medical, and numerous other applications. Over the years, the Company has enjoyed rapid and profitable growth.

Upon the death of the founding shareholder, the heirs to the estate decided to sell the Company. One of the important considerations in this decision was the need to fund additional growth and product development, as the Company increased its number of applications and end-user markets.

The shareholders requested that BCC conduct a sale processes that would provide maximum liquidity to the shareholders, and enable the Company to continue its growth.

BCC conducted a competitive auction process that resulted in multiple bids from well-capitalized acquiors. PCI ultimately selected Cherington Capital as the successful bidder. Through a desciplined process, BCC achieved shareholder liquidity at an exeptional valuation for the Company.