“We are excited for the many growth opportunities enabled by the combination of Harvey Performance and ATA’s highly complementary offerings and talented leadership teams,” said Ted Rainaud, a managing director at Berkshire Partners. “This acquisition represents a significant expansion of Harvey Performance’s product offering and geographic presence. We look forward to supporting the continued growth and expansion of the combined business.”

“This acquisition presents great potential for Harvey Performance,” said Jerry Gleisner, Harvey’s senior vice president of sales. “It provides Harvey’s North American customers with exposure to some of the best industrial cutting tools that Europe has to offer.”

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These updates mean, that you now have many options on where and how to start working on your contracts. This saves time and lets you use the software just the way you like it and how you feel comfortable.

Killygarry, Ireland-headquartered ATA, led by CEO Peter Cosgrove with more than 450 employees, was founded in 1963 and has seven manufacturing facilities worldwide with operations in the United Kingdom, United States, Germany, The Netherlands, and Switzerland.

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Piper Sandler was the financial advisor to Harvey Performance Company and Berkshire Partners on the acquisition of ATA. Houlihan Lokey was the advisor to ATA.

Harvey, led by CEO Brian Lavelle, was founded in 1985 and is headquartered north of Boston in Rowley, Massachusetts. “We couldn’t be more excited about welcoming ATA to the Harvey Performance family,” said Mr. Lavelle. “This acquisition represents a milestone in the proud history of the company and further establishes our integrated, international business comprised of distinctive brands and product lines.”

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Harvey’s acquisition of ATA provides the business with an international platform for continued growth and expansion and gives the company’s North American customers access to European industrial cutting tools, while allowing for expansion of Harvey Performance’s brands across Europe. The global cutting tool market is estimated to be over $20 billion. With increasing demand for precision machining across industries like aerospace, automotive, and electronics, the market is expected to see continued growth.

Company owned brands include Karnasch, SGSPRO, ATA Tools, Van Hoorn Carbide, Industrial Tooling Corporation, and Garryson. ATA’s 2024 revenue is estimated to be €110 million in 2024 with an EBITDA of €23.5 million, a 21.4% EBITDA margin.

All these new features will be made available to all Avokaado users over the upcoming weeks. If you haven’t tried Avokaado out yet to build and manage your contracts online, now is the time to try. You can sign up and test the product for free. Or schedule a demo to get a full overview of how Avokaado can save time for your team.

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In Avokaado, at the moment, you can only start your aDoc workflow from one location – the templates page. With this update, you’ll have a couple of new, different options.

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An aDoc is the center of Avokaado. It is a connected and smart document format that can be used to establish a relationship (a contract) between parties. In comparison to PDF, aDoc consists of actionable data and can have only one current version owned by document owners. aDoc is an API-based document, meaning you can interact with any document part through an open Rest API. It is created and managed in a browser via Avokaado.

Berkshire Partners invests from $150 million to $500 million of equity capital in mid-sized companies that are valued from $200 million to $2 billion and that operate in the consumer, healthcare, services, industrial, and technology & communications sectors. Berkshire Partners was founded in 1986 and is headquartered in Boston.

These updates make it easier and more intuitive to use Avokaado for contract lifecycle management and save a lot of time on processes for users. In addition to these updates, we changed a lot of things in our backend and we made Avokaado much faster for our users.

Harvey Performance Company, a provider of carbide end mills and cutting tools and a portfolio company of Berkshire Partners, has acquired ATA Group.

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Berkshire Partners acquired a majority stake in Harvey in November 2021 from Summit Partners which had acquired the business in October 2017 from The Riverside Company.

Once you start working on your documents, you’ll see that the document layout has changed a bit as well. We have brought the navigation menu inside the aDoc to allow easier navigation to other tabs.

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In case you want to learn more about the template, you can click on the template name. It shows a preview of the template. You can scroll through it and if it is the one you wish to use, just click on the Start new document button there.

“ATA is delighted to join Harvey Performance Company, with whom we share a unified global vision for the future,” said Mr. Cosgrove. “We’re focused on expanding Harvey Performance’s brands across Europe and beyond while introducing ATA’s leading brands to Harvey Performance’s customers. I am honored to join the Harvey Performance board. Our management team is looking forward to collaborating with our new colleagues, and our primary focus remains on driving business growth globally.”

Inside an aDoc, you’ll see the next big change we’ve made as well. The questionnaire is now inside the aDoc and not as a separate view. Drafting still works as it used to, but now the questionnaire is on the right side.

Firstly, the New Documents button. When pressed, a modal is presented with the available templates. And an aDoc can be started from there right away. If you wish to browse the templates before starting an aDoc, you can navigate to the Templates page. When scrolling the templates list you can work two ways. To start a new document in Avokaado, you can just click on the New aDoc button on the right side.

Here, you can turn off the LIVE preview, reset the questionnaire, and download the document as a docx – you can access these actions by clicking More. And you can close the questionnaire from the Close button if you wish to disregard all changes.

We have also updated the way you share your documents. The specific modal got rebuilt and now you have access to a search bar that allows you to find and select all the users you need at different stages of the workflow. Add them in one go, set their roles, and after pressing Share all of the accesses will be sent out.

Harvey PerformanceCompany News

Harvey Performance Company designs and manufactures specialized cutting tools used to cut and shape metals in precision machining applications. Customers of the company are active in the aerospace and defense, medical, automotive, industrial motors and telecommunications sectors. Harvey’s brands include Harvey Tool, Helical Solutions, Micro 100, Titan USA, CoreHog, and Valor Holemaking brands.

Our goal in Avokaado is to always improve our product and aDoc based on both our product vision and the feedback our customers give us. Now, we’ve reached another big milestone and are launching a bulk of new features that improve the experience of creating, drafting, and sharing aDocs in Avokaado.

ATA is a portfolio company of Dublin-headquartered Development Capital and the sovereign wealth fund Ireland Strategic Investment Fund (ISIF). Development Capital first invested in ATA Group in 2017 and ISIF invested in the business in 2019 to back the acquisition of Karnasch Professional Tools, a German cutting tool specialist. With the sale to Harvey, both Development Capital and ISIF are exiting their investment in ATA.

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ATA Group manufactures and distributes over 25,000 SKUs of industrial cutting tools to more than 7,500 customers in 90 countries that operate in the aerospace, automotive, power generation, transportation, energy, metal fabrication, marine and foundry sectors.