New Owners at McDermott Cue Mfg.
April 13, 2009 · 1 Comment
Greg Knight And Management Acquire Leading Billiard Manufacturing Company: The management of McDermott Cue Manufacturing, together with Greg Knight, completed a Management buyout of the company on April 10, 2009. Greg Knight, along with management, is excited to announce the formation of McDermott Cue Mfg., LLC of Menomonee Falls, Wisconsin. McDermott Cue is known for its internationally recognized brands, McDermott Handcrafted Cues and Intimidator High Performance Shafts. Its product line, which includes high quality two-piece billiard cues, shafts, cases and accessories, is sold worldwide in over 40 countries.In the transaction, Greg Knight, a Milwaukee-based independent businessman, teamed with McDermott's executive management team of Nat Rosasco, President/CEO, who has been with the company since 2003, and Larry Liebl, Executive Vice President, an industry veteran who joined the company in 1976. Mr. Rosasco and Mr. Liebl both will continue in their current roles at the helm of the company, and Mr. Knight will serve as Director. "The management buyout means that McDermott can aggressively pursue its goal of becoming the undisputed leader in the billiard equipment market," said Nat Rosasco. "We are pleased to be partnering with Greg as he fully understands and supports our growth strategy." Said Mr. Liebl, "We are definitely on the right path at McDermott. We sought a strong, insightful partner who could team up with us as we move to the next level. Mr. Knight fit that profile." Commenting on the buyout, Greg Knight said, "McDermott has a great brand name, strong reputation and is a company that I have admired for some time. McDermott has been able to grow and strengthen its market position in this economic downturn due to the strength of its products, price points and overall unique business strategy." About McDermott Since 1975, McDermott Handcrafted Cues has consistently raised the performance standards for what billiard players expect from a high performance cue. McDermott builds billiard equipment for people who view playing pool as an end in itself, drawing on cutting-edge technology and tasteful yet aggressive design. McDermott equipment is rooted in performance, using the latest technology in a state-of-the-art facility and utilizing the finest materials available. For more information, please visit www.mcdermottcue.com.
Tags: POOL CUES