12075 N. Corporate Parkway, Suite 120 | Mequon, WI 53092
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Deal Room
Deal Room

Golner Precision Products

Our team advised Golner Precision Products on its sale to G3 Industries.

Golner Precision Products has been acquired by G3 Industries

Transaction Details

Sell-Side Advisor

Year: 2026

Client: Golner Precision Products

Hedquarters: Sussex, WI

Industry: Industrials & Manufacturing

Website: www.golnerprecision.com

Overview

Completed by the Vantage Investment Banking team under a prior firm, Golner Precision Products, Inc. (“Golner”), a long-standing supplier of precision machined components for various industrial end markets, has been acquired by G3 Industries.

About Golner Precision Products

Founded in the late 1960s and headquartered in Sussex, WI, Golner Precision Products is an ISO 9001:2015 certified manufacturer of precision machined components with over 55 years of operating history. Golner’s capabilities include CNC machining, turning, and lathing, along with a range of specialized secondary precision machining services capable of accuracies up to .01 mm. The Company serves as a Tier 1 and Tier 2 supplier to a global OEM in the fuel systems and engine markets and supports a broader customer base across fluid power, industrial lighting, medical equipment, and construction and mining equipment, among others.

About G3 Industries

Headquartered in Kronenwetter, WI, G3 Industries is a leading contract manufacturer providing forming, fabrication, machining, and value-added assembly services to OEMs across agriculture, construction, material handling, recreational vehicles, lawn and garden, and power generation. Founded in 1993, G3 operates two Wisconsin facilities totaling over 500,000 square feet of vertically integrated manufacturing capacity and counts marquee customers including Caterpillar, John Deere, Kohler, Kubota, and Ariens. The Company is ISO 9001:2015 certified and specializes in precision tube bending and fabrication, hydraulic fluid conveyance, wire forming, CNC machining, welding, and value-added assemblies.

Deal Team

Vantage Investment Banking
Bill Penkwitz

Bill Penkwitz

Partner
Alex Penkwitz

Alex Penkwitz

Vice President

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12075 N. Corporate Parkway, Suite 120 
Mequon, WI 53092
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Alex Penkwitz

Vice President & Co-Founder

262-339-8772

[email protected]

Biography

Working in the middle market investment banking industry since 2020, Alex is responsible for leading the day-to-day execution of M&A transactions for the Vantage Investment Banking team. His responsibilities span all phases of the transaction process, including financial modeling and valuation analysis, preparation of marketing materials, buyer and investor outreach, and coordination of due diligence activities. He plays a central role in managing timelines, facilitating communication between clients and counterparties, and supporting negotiations to ensure smooth execution.

Alex has advised on more than 25 M&A, Debt Placement, and Capital Raising transactions across multiple industries, including industrials & manufacturing, business services, technology & IT services, consumer products, and food & beverage. His experience working with both privately held businesses and institutional investors gives him a well-rounded perspective on the strategic, operational, and financial considerations that drive successful outcomes.

Alex holds a BBA in finance from Marquette University, centering his education around investments and participating in the Accelerating Ingenuity in Markets (AIM) Program. 

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Bill Penkwitz

Partner & Co-Founder

414-559-3519

[email protected]

Biography

Bill brings more than 25 years of investment banking experience, previously founding and building a boutique investment banking firm focused on advising middle market companies on mergers and acquisitions, debt placements, capital raising, and strategic advisory transactions. Over the course of his career, he has advised on more than 150 transactions across a wide range of industries. Bill remains active in the greater Milwaukee community, serving as a board member of several Wisconsin-based organizations and a shareholder in a number of privately held businesses.

Bill’s extensive experience gives him a unique perspective on both the advisory and operational sides of businesses, allowing him to provide thoughtful, senior-level guidance to business owners, management teams, and investors. Bill remains actively involved in all aspects of client engagements, ensuring each process benefits from his deep industry knowledge and leadership.

Prior to entering investment banking, Bill spent several years with U.S. Bank Capital Markets where he personally arranged over $200MM in structured finance transactions. Bill earned his Masters Degree in accounting and received a BBA in finance from the University of Wisconsin-Milwaukee and has passed the CPA exam.

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