McDermott Management Buyout

The management of McDermott Cue Manufacturing, together with Greg Knight, completed a Management Buy Out (MBO) of the company on April 10, 2009. (A mangement buyout is where the company’s existing managers get together and acquire a majority (or the entire stake) of ownership in a company.)

Greg Knight, along with management, is excited to announce the formation of McDermott Cue Mfg., LLC of Menomonee Falls, Wisconsin. McDermott Cue is the world’s leading billiard equipment company with 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.”

The management of McDermott Cue Manufacturing, together with Greg Knight, completed a Management Buy Out (MBO) of the company on April 10, 2009.

Says 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 says, “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. ”

W146 N9560 HELD DR.
MENOMONEE FALLS, WI 53051

PHONE 1: (800) 666-2283
PHONE 2: (262) 251-4090
FAX: (262) 251-9290
EMAIL: sales@McDermottCue.com
WEB: http://www.McDermottCue.com

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.

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