International Business Exchange (IBEX) successfully brokered the sale of the business Interstate Tool & Mfg. Co. Inc in Tulsa, Oklahoma on August 9, 2011 to a undisclosed corporation. IBEX acted as the merger and acquisition advisor to the deal, helping the business owner list, market, wade through buyers, due diligence and a close the deal. The Company operation is located in a Company-owned facility consisting of 70,000 square feet. The Company is broken into two product cost centers. Tool & Die making and custom Stamping operations. The Tool & Die making division makes tooling for custom parts that they will used internally to stamp out parts for the customer specific parts. The Company maintains these tools and services them as necessary. The Tool & Die group will also make stamping tooling custom for customers who have their own in house stamping equipment and require tooling for parts only. This group has master Tool & Die employees that have long time experience with the Company and are well trusted with their craft. Some of the equipment that the tool shops operates are as follows: Mitsubishi Wire EDM Mitsubishi CNC Machining Center Mill Mitsubishi CNC N4achining Center Lathe Sharp CNC Milling Machine (5) Bridgeport Vertical Milling Machines (2) Okamoto 12” x 24” Surface Grinders Thornpson 16” x 48” Surface Grinder (2) Leblond 15”x 54” bed Horizontal Lathe Hercules Ajax 24’ x 120’ Horizontal Milwaukee Horizontal Mill Ajax 18” swing x 4” bed Horizontal Willis Radial Arm Drill IKEDA Radial Arm Drill Cincinnati Vertical Mill The Stamping Division is well equipped with general stamping equipment with a capacity of 22.5 tons up to 700 ton. Deep Draw Stamping capacity ranges from 30 tons to 600 tons. In this division, they have capacity for secondary operations consisting of welding, deburring, finishing, assembling and sub-assembled parts. A partial listing of the equipment used in the Stamping Division is as follows: (2) 22.5 Ton Niagara OBI Punch Press 35 Ton Niagara OBI Press (3) 35 Ton Niagara OBI Punch Press 35 Ton Cleveland Horn Press 45 Ton Bliss Punch Press 66 Ton Nova Press (2) 88 Ton Nova Presses 125 Ton Johnson OBI Press 165 Ton Mister Press 200 Ton USI Press 250 Ton Straight Side Press 250 Ton Clearing Press 400 Ton Verson Press 700 Ton Verson Press Chicago 6’ x 30 Ton Press Brake Chicago 10’ x 90 Ton Press Brake Wysong 10’ x 225 Ton Press Brake Atlantic ½” x 12’ Shear Deep Draw Stamping Equipment: 30 Ton Bliss double action Toggle Press 60 Ton Bliss double action Toggle Press 250 Ton Bliss double action 400 Ton Toledo Toggle Press 400 Ton Danly Press 600 Ton Hamilton Press The Company has very experienced operators who are also responsible for their own set-up on the machines. The equipment is one of the Company’s strengths, as any other manufacturer cannot match this equipment capacity in this geographic area that they serve.