Industrial

Customized Solutions. Superior Execution.
Unparalleled Results.

The professionals of Western Reserve’s industrial practice bring to bear an extensive and successful track record in the industrial sector, having completed more than 290 transactions worth over $21 billion in the following sectors:

Representative Experience

Osmose

osmose_luciteOSMOSE HOLDINGS, INC.

Western Reserve served as the exclusive investment banker to Osmose Holdings, Inc. in its sale to funds managed by Oaktree Capital Management, L.P. Western Reserve also rendered a fairness opinion to the Board of Directors of Osmose in connection with the transaction.

Founded in 1934 and based in Buffalo, New York, Osmose operates in three business segments:

Wood Preservation — Manufacturer and marketer of wood preservation and treatment technology

Utilities Services — Provider of pole maintenance, pole restoration, field survey services, engineering services and storm response

Railroad Services — Provider of bridge services including construction, engineering, inspection, maintenance and repair

Oaktree, headquartered in Los Angeles, California, is a leading global investment management firm focused on alternative markets, with $77.9 billion in assets under management as of March 31, 2012.

James Spengler, President and Chief Executive Officer of Osmose, will continue to serve in the same capacity along with Osmose’s existing management team.  “Osmose has built very strong brand recognition and a solid reputation for innovative products and services, excellent customer service, best in class safety performance and good growth prospects across all its business segments which attracted Oaktree to seek a partnership with management to pursue strategic growth plans.  Oaktree can provide substantial additional resources and is committed to investing in Osmose to help us expand our product and service offerings and to better meet and exceed our customers’ expectations,” said Mr. Spengler.

Ian Schapiro, Oaktree Managing Director, said, “We are delighted to have the opportunity to invest in Osmose and to provide the Company with additional resources and capabilities to expand its product and service offerings, invest in additional research and development, and deliver superior customer service. We look forward to working with Osmose’s world-class management team to continue to build on the Company’s success.”

Leading the transaction for Western Reserve were Managing Directors Ralph Della Ratta and Joseph Carson, supported by Vice President Rebecca White, Associate David Helsel and Analysts Courtney Downs and Matthew Francati.

“Osmose and Oaktree are leaders in their respective fields, and we are honored to have worked with such fine organizations,” said Mr. Della Ratta.  “We look forward to watching Osmose take its success to the next level with the help of a financial partner.”

Of working with Western Reserve, Mr. Spengler said, “Western Reserve provided tremendous support and guidance throughout the transaction.  They had a nuanced understanding of the deal’s complexities and impartially advised Osmose’s Board each step of the way.  Our shareholders recognize the value that Western Reserve added and thank them for their unwavering dedication.”

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

WEK

WEK-MyersMYERS INDUSTRIES, INC. (WEK INDUSTRIES, INC. SUBSIDIARY)

Western Reserve Partners served as the exclusive financial advisor to Myers Industries, Inc. (NYSE: MYE) in the sale of WEK Industries, Inc. to Toledo Molding & Die, Inc. (“TMD”), a portfolio company of private equity firm Industrial Opportunity Partners.

WEK Industries is a provider of engineered blow molded components and assemblies to the automotive industry.  With locations in Jefferson, Ohio and Reidsville, North Carolina, WEK was a part of Myers Industries’ Engineered Products Segment.

TMD is a full-service automotive supplier that designs, develops and manufactures highly engineered thermoplastic components and assemblies, including interior cockpit modules and air and fluid management products.  TMD has approximately 1,500 employees and operates out of eight facilities in Ohio.

Bronx

lucite-bronxBRONX INTERNATIONAL INC.

Western Reserve acted as exclusive financial advisor to Bronx International Inc. in its sale to the Fives Group.

Headquartered in North Canton, Ohio, Bronx is comprised of two distinct businesses: 1) Bronx / Bronx Taylor Wilson, which produces equipment that straightens, finishes or tests pipes, bars and tubes (notably seamless tubes) and 2) Abbey, which produces Electrical Welding (ERW) tube and pipe mills that are used to produce tubular welded products.

Widely recognized for its unmatched experience and technologies, the company offers its customers state-of-the-art design and engineering, project management, global procurement, field service, installation and turnkey solutions.  Bronx’s direct customers are steel and non-ferrous bar, pipe and tube producers within the steel sector, which include large blue-chip industrial groups. End-users of the company’s products belong to a large base of various industries, including oil and gas, high speed rail and energy transportation.  Bronx boasts a consistent record of product innovation, engineering leadership, reliable quality and the largest base of installations for its products in the industry.

Bronx’s shareholders elected to explore a sale of the company to achieve liquidity and retained Western Reserve as its exclusive investment banker to assist in the process.  Western Reserve confidentially introduced Bronx to a range of financial and strategic buyers and assisted the company in navigating a series of issues and negotiating key transaction terms.

Bronx was acquired by Fives in November 2010.  Headquartered in Paris, France, Fives is an industrial engineering group that designs and supplies process equipment, production lines and turnkey plants for the world’s largest industrial groups in the aluminum, steel, glass, automotive & logistics, cement, energy and sugar sectors. With over EU1.0 billion in sales, more than 5,500 employees on six continents and located in nearly thirty countries, Fives is known for its technological expertise and competence in executing large-scale international projects. The cross-border transaction was completed on an accelerated time frame, resulting in a successful outcome for the Company’s shareholders, and the expansion of Five’s metal finishing offerings and end-markets.

Richard Jeschelnig, President and Chief Executive Officer of Bronx said, “The team at Western Reserve did an outstanding job in advising us throughout all phases of this process.  Western Reserve’s keen understanding of the capital equipment business, our business model and the competitive landscape, together with their expertise and perseverance in guiding us through myriad issues, as well as ability to access international opportunities, were essential in delivering superior value to our shareholders. This combination with Fives represents the best strategic outcome for our company and its owners.” 

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

Stoneridge

STONERIDGE, INC. (WIRING BUSINESS SEGMENT)

Western Reserve Partners served as the exclusive investment banker to Stoneridge, Inc. (NYSE: SRI) in the sale of its Wiring Business segment assets to Motherson Sumi Systems Limited (BSE: 517334). Western Reserve served as primary facilitator to Stoneridge in this transaction.

Stoneridge’s Wiring Business designs and manufactures wiring harness products for sale principally to the commercial, agricultural and off-highway vehicle markets, as well as assembles entire instrument panels that are configured specifically to an OEM customer’s specifications in the commercial vehicle market.  Included in the transaction are six manufacturing facilities located in Portland, Indiana; Chihuahua, Mexico; Saltillo, Mexico; and Monclova, Mexico; as well as an engineering and administrative center located in Warren, Ohio.

Motherson Sumi Systems is a manufacturer of diversified products for the global automotive industry having manufacturing operations in 25 countries.

John Corey, President and CEO of Stoneridge, commented, “The Western Reserve team provided us with a high level of service in completing  the transaction process and were  helpful in offering  advice that facilitated our ability to reach agreement on the transaction.”

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

Decanter

lucite-decanterDECANTER MACHINE, INC.

Western Reserve served as the exclusive investment banker to Decanter Machine, Inc. (“Decanter”) in its sale to FLSmidth & Co. A/S (“FLSmidth”).  The transaction was led by Managing Director Mark Filippell and Vice President Matthew Mueller of Western Reserve’s Industrial Group, supported by Analyst Gregory Hill. Western Reserve worked closely with Audon Partners A/S, M&A International’s Denmark affiliate, in the completion of this transaction.

Headquartered in Johnson City, Tennessee, with additional locations in South Carolina and New South Wales, Australia, Decanter is recognized as the global leader in the manufacture and repair of screen bowl, solid bowl and hyperbaric centrifuges for mineral processing applications.   Decanter’s global market leadership is evidenced by its installed base of more than 550 centrifuges across eleven countries.  The company has developed its strong market position as a result of its steadfast dedication to providing customers with the highest levels of service, developing and manufacturing the most technologically advanced equipment in the industry, and providing customers with durable, cost-effective repair solutions. Decanter primarily serves the global coal market, as well as a variety of other end markets that process a high volume of materials, including the ethanol, food processing, industrial chemical, potash, wastewater and white mineral industries.

“Western Reserve is proud to have worked with Decanter, who over the last 30 years has done a remarkable job of developing the company into a global leader in the mineral processing industry,” said Mr. Filippell.  “We are delighted we could work to form a partnership with Decanter and FLSmidth that will allow the company to continue to strengthen its position in the global market.”

Wally Schultz, Decanter’s President, will continue to serve in the same capacity along with the company’s existing management team.  “We are excited about the opportunity to join with a strategic partner that has the scale, capabilities and global leadership that FLSmidth provides.  Decanter’s product line of processing equipment is a great complement to FLSmidth’s and the combination will allow FLSmidth to offer customers a complete range of centrifuge product offerings,” said Mr. Schultz.  “Western Reserve did an exceptional job of providing us with insight and quality advice throughout the process.  Their experience, dedication and attention to the details resulted in a very favorable outcome for our company, our employees and our shareholders.  It was a pleasure to work with the Western Reserve team, and we feel fortunate to have worked with them on this transaction.”

Founded in 1882, FLSmidth is a worldwide supplier of equipment, systems, and services with headquarters in Copenhagen, Demark.  The company supplies everything from single machine units to complete minerals and cement flowsheets including associated services. It serves cement, base metals, precious metals, light metals, industrial mineral, energy, phosphate and potash, pulp and paper, chemical, food and pharmaceutical, steel, and diamond industries. FLSmidth employs over 13,800 people and has operations in over 50 countries.

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

Interwrap

lucite - InterwrapINTERWRAP

Western Reserve Partners served as the exclusive investment banker to InterWrap in its recapitalization by Quad-C.

Headquartered in Vancouver, British Columbia, InterWrap is a vertically integrated, global manufacturer of innovative coated woven products and diverse multi-layer laminated reinforced plastic substrates. InterWrap serves a wide variety of markets such as roofing products, wood packaging – lumber wrap, industrial packaging, large format outdoor digital print media, converted fabrics, agricultural and construction products. Their consistent product quality is achieved by using state-of-the-art plastic extrusion, weaving, coating, laminating, printing techniques and a strong commitment to partnership with their customers, employees, and suppliers.

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a private investment firm investing in well-established middle market businesses. Quad-C professionals act as the corporate development partners for their portfolio companies to assist in taking the business to the next level. The transactions provide liquidity for owners, capital for corporate growth and significant equity opportunities for key members of management. They provide long-term, patient capital and seek to build value over a number of years, not overnight.

“I am thrilled that our recapitalization with Quad-C will enable us to continue providing our customers with the highest quality products and customer service they have come to expect from InterWrap, while aggressively pursuing growth opportunities to expand our business,” said Dave Shokar, co-owner of InterWrap.

Of working with Western Reserve, Rob Milne, the other co-owner of InterWrap, said, “Western Reserve did an exceptional job providing us with insight and quality advice throughout the process. Their support and guidance was integral to the successful completion of this transaction.  Dave and I recognize the value that Western Reserve added and thank them for their unwavering dedication.”

. . .

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

Other Industrial Clients

  • Excel Mining Systems, Inc.

    Western Reserve represented Excel Mining Systems, Inc. in its sale to SPG Partners, LLC.

    Founded in 1991 by Bruce Cassidy, President, Chief Executive Officer and majority owner, Excel is the leading producer and manufacturer of roof bolts and related roof support control products to the U.S. underground coal mining industry.  Headquartered in Bowerston, Ohio, Excel has six manufacturing sites: Bowerston, Cadiz and Proctorville, Ohio; Grundy, Virginia; Marion, Illinois; and Clearfield, Utah.  Roof bolts and related products are essential to the safe and productive underground mining of coal.

    Management decided to explore the sale of the company to allow shareholders to achieve liquidity while ensuring new ownership supportive of Excel’s growth strategy.  Excel retained Western Reserve as its exclusive investment banker to assist in exploring its options, and through a highly confidential but competitive process, Western Reserve introduced Excel to a select group of buyers, assisted in negotiating the transaction price and helped draft the purchase agreement.

    Excel was acquired by SPG in October 2006.  Based in New York, New York, SPG is a private equity firm that leverages the expertise of its exclusive Operating Partners, who are seasoned industry executives.  CitiGroup Private Equity was a significant co-investor in the transaction, along with key members of Excel’s senior management team.

    Mr. Cassidy said, “The team at Western Reserve did a terrific job in putting us together with SPG and then working through the many details of the transaction.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • PECO II, Inc.

    Western Reserve acted as exclusive financial advisor to PECO II, Inc. (NASDAQ: PIII) in its sale to Lineage Power Holdings, Inc., a portfolio company of The Gores Group. Western Reserve also rendered a fairness opinion to PECO II’s Board of Directors in connection with the transaction.

    PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, PECO II provides total power quality and reliability solutions and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets.

    PECO II’s senior management and Board of Directors engaged Western Reserve to advise the company on strategic alternatives aimed at maximizing shareholder value. Western Reserve introduced PECO II to numerous financial and strategic buyers (including Lineage), facilitated a competitive bidding process, negotiated the transaction and rendered a fairness opinion to PECO II’s Board of Directors. The transaction represented a 51% premium over the company’s closing share price the day before announcement.

    PECO II was acquired by Lineage in April 2010. Headquartered in Plano, Texas, Lineage, traces its heritage of patented innovation to AT&T, Bell Labs, Lucent Technologies and Western Electric. Lineage delivers reliable and intelligent power conversion solutions with energy-efficient AC-DC power supplies, DC-DC board-mounted power modules, telecom energy systems and custom power products backed by local field expertise in more than 25 locations worldwide. The Gores Group, headquartered in Los Angeles, California, is a leading private equity firm focused on acquiring controlling interests in mature and growing businesses that can benefit from the firm’s operating experience and flexible capital base.

    John Heindel, Chief Executive Officer of PECO II, said, “The team at Western Reserve did an outstanding job in advising PECO’s senior management and Board of Directors as to our strategic alternatives. The combination with Lineage represents the best strategic outcome for all of our stakeholders. Western Reserve’s keen understanding of our business model and competitive landscape, together with their expertise and perseverance in maintaining a competitive process in a very difficult M&A environment, were essential in delivering superior value to our shareholders.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • Fairmount Minerals

    Western Reserve provided the fairness opinion to the Board of Directors of FML Holdings, Inc. (d/b/a Fairmount Minerals) in its sale to American Securities.

    Headquartered in Chardon, Ohio, Fairmount is one of the largest producers of industrial sand in the U.S. At the time of the transaction, approximately 80% of the company’s sales were tied to the oil and natural gas production markets, with the remainder going to commercial and industrial uses, including foundries, construction, golf courses, artificial turfs, etc.

    To provide liquidity to certain of Fairmount’s shareholders, the company entered into an agreement to sell a 51% common equity stake to American Securities. Western Reserve was engaged to provide Fairmount’s Board of Directors with a fairness opinion, and the transaction was consummated in August 2010.

  • Galaxy Associates, Inc. (portfolio company of River Cities Capital Funds)

    Western Reserve acted as exclusive financial advisor to River Cities Capital Funds in the sale of its portfolio company, Galaxy Associates, Inc., to DuBois Chemicals, Inc., a portfolio company of The Riverside Company.

    Founded in 2002, Cincinnati, Ohio-based Galaxy Associates is a leading provider of specialty and performance-driven chemicals used in critical processes in the industrial, transportation and pulp and paper industries.  Products and services include coolants, lubricants and pretreatment chemicals used in metalworking and metal finishing; truck wash chemicals and truck washing systems; and deposit control and felt cleaning chemicals used in paper manufacturing.  River Cities Capital Funds, also based in Cincinnati, is one of the most active and experienced venture funds investing in the Midwest and Southeastern United States, with more than $400 million under management and over 75 investments over the past fourteen years.

    Leading the transaction for Western Reserve were Managing Director Joseph Carson and Director Charles Aquino, supported by Associate David Helsel and Analyst Alex Trouten.  On merging the entities, Mr. Aquino said, “Galaxy’s combination with DuBois represents a unique, synergistic fit that provides an outstanding result for Galaxy’s shareholders and a compelling growth platform for the company and its employees.  We are very excited for their combined futures.”

    Glen Mayfield, Managing Director and Co-Founder of River Cities Capital Funds, said of Western Reserve’s involvement, “Western Reserve provided excellent service and delivered significant value to Galaxy’s shareholders.  Their knowledge of our industry and attention to detail at every turn were essential to the success of this process.”

    Galaxy President Bill Oeters added, “I cannot thank Western Reserve enough for their help and support.  The entire team played a pivotal role in each phase of the process and worked diligently to ensure the best outcome for our various stakeholders.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • CWS Industries (Mfg) Corp.

    Western Reserve served as the exclusive investment banker to CWS Industries (Mfg) Corp. (“CWS”) in its sale to International Equipment Solutions, LLC (“IES”), a portfolio company of KPS Capital Partners, LP (“KPS”).

    Headquartered in Surrey, British Columbia, Canada, CWS is a leading manufacturer of top-quality attachments, cabs and conversions for heavy equipment used in various high-growth end markets such as mining, oil and gas, forestry, agriculture and construction.  CWS offers both standard and highly-engineered attachments for excavators, loaders, crawlers and other heavy equipment.  Through its extensive knowledge of its customers’ applications and geological conditions, CWS provides attachments and fully integrated equipment systems tailored to the specific needs of its customers, which are able to withstand some of the world’s harshest environments.

    Formed in September 2011, IES is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining and energy markets. IES’s operating units are leading manufacturers of engineered attachment tools and cab enclosures for operator driven equipment as well as locomotive sub-assemblies and electronic enclosures. IES’s customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 2,800 people and operates 17 manufacturing facilities in the United States, Canada, Germany and Brazil.

    Earl Hirtz, CWS President, will continue to serve in the same capacity along with CWS’s existing management team.  “We are excited about this very strategic partnership with IES and look forward to working together as we continue to expand CWS’s presence globally.  With its unmatched manufacturing and product capabilities, IES is able to provide substantial additional resources and is committed to assisting CWS in expanding its product and service offerings worldwide,” said Mr. Hirtz.

    Leading the transaction for Western Reserve was Managing Director Joseph Carson, supported by Vice President Rebecca White and Analyst Courtney Downs.

    “CWS and IES are a very strategic fit and create a strong global provider of attachments and integrated equipment systems,” said Mr. Carson.  “We enjoyed working with CWS throughout this process and are very pleased with the outcome for its shareholders.  We have worked with the company for several years through the sale of its non-core subsidiary, LANTEC Winch & Gear Inc. and have watched CWS transform from a regional supplier of standard attachments into a global supplier of highly-engineered products.  We look forward to watching CWS take its success to the next level with its new partner.”

    Of working with Western Reserve, Ken Thompson, CWS’s majority shareholder said, “We have truly enjoyed working with Western Reserve over the past several years, through the sales of both LANTEC and CWS.  In addition to their extensive transaction experience, Western Reserve has a keen understanding of the capital equipment industry, which led to highly strategic partnerships for both businesses.  We have highly valued their guidance and support throughout the past several years.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • Avtron Industrial Automation Inc. (portfolio company of Morgenthaler Private Equity)

    Western Reserve served as the exclusive investment banker to Avtron Industrial Automation Inc. (“AIA”), a portfolio company of Morgenthaler Private Equity (“Morgenthaler”), in its sale to Nidec Corporation (“Nidec”).  The transaction closed on September 28, 2012 and was led by Managing Director Joseph Carson and Vice President Matthew Mueller of the Industrial Group, supported by Associate Matthew Reus and Analyst Gregory Hill. Previously, Western Reserve represented Avtron in its original sale to Morgenthaler in 2007.

    Headquartered in Independence, Ohio, AIA is a leading provider of highly engineered control and automation solutions for heavy industries where operational uptime and throughput are critical to customers’ profitability.  The company’s encoder products, drive systems solutions and service offerings are key components for the precise control of the motion of heavy industrial equipment.  Applications include: oil and gas drilling rigs, port cranes and hoists, mining shovels and draglines, maritime vessel propulsion systems and continuous mill machinery such as steel rolling mills and paper machines.

    “We were delighted to represent AIA’s shareholders and to work with the management team on this transaction,” said Mr. Carson.  “With Morgenthaler’s backing, AIA has achieved a strong record of growth and developed a market leading position in industrial encoder products and drive system solutions.  The combination with Nidec represents a powerful partnership and is a great outcome for both companies.”

    Dennis Anderson, AIA’s President, stated, “Western Reserve’s strategic direction was critical for our management team in navigating the sale process, which resulted in the right strategic partner for us. We are excited to combine our deep engineering expertise and North American market presence with Nidec’s operations and global reach.”

    Of working with Western Reserve, Peter Taft, Partner at Morgenthaler Private Equity, said, “We are very pleased with the guidance Western Reserve provided us in executing this transaction.  Their expertise and dedication to consummating the transaction resulted in a very favorable outcome.”

    Morgenthaler is a leading private equity and venture capital firm with nearly $3 billion under management.  For over 40 years, the firm has dedicated to helping build value in more than 300 companies. With private equity locations in Cleveland, OH, and Boston, MA, Morgenthaler focuses on the lower-middle market with transaction values between $25 – $150 million and EBITDA in excess of $5 million. The private equity firm makes investments in profitable, family and entrepreneur businesses and corporate divestitures in two sectors: highly-engineered manufacturing and business services.

    Founded in 1973, Nidec is a manufacturer and distributor of electric motors and related components and equipment with headquarters in Kyoto, Japan.  The company provides discrete and variable speed motors and pumps, electronic motor controls and other electronic components. Nidec comprises over 160 consolidated and affiliated subsidiaries, with over 100 manufacturing and sales locations in 24 countries with more than 105,000 employees.

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • Tenere Inc. (portfolio company of Stonehenge Partners Inc.)

    Western Reserve Partners served as the exclusive investment banker to Tenere Inc., a portfolio company of Stonehenge Partners, Inc., in the sale of the business to The Watermill Group, a strategy-driven private investment firm based in Lexington, Massachusetts.  The transaction was led by Managing Director Joseph Carson and Vice President Rebecca White of the Industrial Group, supported by Analyst Christopher Santagate.

    Headquartered in Dresser, Wisconsin, Tenere is a full-service designer and fabricator of complex metal and plastic components and assemblies.  Tenere fabricates sheet metal, injection molded products and machined products, as well as providing integration and system-level assembly services for original equipment manufacturers (OEMs) in the network communications, enterprise software, agriculture, medical and aerospace industries.

    “We enjoyed representing Tenere’s shareholders and working with the management team through this process,” said Ms. White.  “As a result of Stonehenge’s longstanding partnership, Tenere was well-positioned with strong leadership, state-of-the-art facilities and excellent customer relationships.  Watermill’s strategic insight and management expertise will make for a very valuable partnership going forward.”

    “I believe Tenere’s potential is limitless,” said Jon Fisk, Tenere’s chief operations officer. “We’re approaching a critical phase in the growth of our company, and Watermill is the right partner to help us expand and scale to the needs of our customers.”

    Of working with Western Reserve, Stephen Kimpel, Principal at Stonehenge, said, “We appreciate the expertise and dedication that the Western Reserve team put into this process to ensure a successful outcome for our shareholder group and provide an ideal partner for Tenere’s management team and employees.”

    Stonehenge Partners, based in Columbus, Ohio, manages $700 million in committed mezzanine debt and equity capital and is currently investing from a $250 million fund.  Stonehenge targets investments of $5 million to $25 million with a focus on companies with strong market positions in Niche Manufacturing, Value-Add Distribution, Business Services, and Healthcare.

    The Watermill Group is a strategy-driven private investment firm that revitalizes companies to reach their full potential. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses at a crossroads and applies a unique combination of strategic insight and management expertise to re- imagine their future and drive growth.

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

  • Radix Enterprises

    Western Reserve Partners served as the exclusive investment banker to Radix Enterprises in its sale to the Hunter Valley Company and the Vitruvian Group.  The transaction was led by Managing Director Mark Filippell and supported by Vice President David Helsel and Analyst Matthew Francati.

    Radix is a leading manufacturer and global supplier of UL, CSA and factory rated high temperature and high performance insulated electrical wires and cables.  Headquartered in Euclid, Ohio with an additional plant in Aurora, Ohio, Radix sells its products to OEMs and industrial customers for use in consumer, industrial, commercial and numerous other applications.  Radix holds significant market share in the industry and is well known amongst customers, suppliers and domestic and foreign competitors.

    “Western Reserve is proud to have worked with Radix, who over the last 70 years has done a remarkable job of developing the company into the domestic leader in the high temperature wire industry,” said Mr. Filippell. “We are delighted we were able to identify local investors who shared the same values and long term goals for the company as Radix’s owner, MaryLou VerMerris.”

    MaryLou VerMerris said, “We were looking to find a partner that could assist us in taking the business to the next level.  I am confident that the Hunter Valley and Vitruvian team will continue to develop a strategic plan focused on growth opportunities.”

  • Skyline Corporation

  • Anaheim Manufacturing Company

    Western Reserve Partners announced that it served as exclusive financial advisor to Anaheim Manufacturing Company (“AMC”), a portfolio company of Graham Partners, in its sale to Moen Incorporated, a subsidiary of Fortune Brands.

    Based in Brea, California, AMC is a leading manufacturer of residential and commercial garbage products under its own brands, Waste King, Whirlaway, Sink Master and Quick & Hot, as well as through private label channels.

    Moen Incorporated, based in North Olmsted, Ohio, designs and manufactures faucets, showerheads, accessories and kitchen sinks for residential and commercial applications.  The company operates as a subsidiary of Fortune Brands.

    Fortune Brands (NYSE: FBHS), based in Deerfield, Illinois, provides home and security products for use in residential home repair, remodeling, new construction, security applications and storage.  It operates in four segments:  Kitchen & Bath Cabinetry, Plumbing & Accessories, Advanced Materials Windows & Door Systems and Security & Storage.

    William Timmerman, Principal at Graham Partners, said, “The Western Reserve Team provided an outstanding level of service to our firm through the entire process.  As advisors, their commitment to managing a customized process led to a great strategic outcome for Anaheim Manufacturing Company and Graham Partners.”

    Kevin Mayer, Managing Director and Co-Head of Western Reserve’s Industrial practice, stated, “Anaheim Manufacturing Company will expand Moen’s current, broad product offering and allow it to enter into the garbage disposer market.”

    Charles Aquino, Managing Director of Western Reserve’s Consumer and Business Services Practices, said, “We are delighted to have advised AMC and Graham during this process and are excited for this strategic combination between Anaheim Manufacturing and Moen to evolve.”

    . . .

    The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others.  The testimonials are not paid and are not indicative of future performance or success.

;