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DEALS BY INDUSTRY

DEALS BY SERVICES

  • 1-800 CONTACTS Inc.

    Retail

    Direct marketer and manufacturer of contact lenses

    $28 million initial public offering of common stock

  • A.R.E. Accessories, LLC (portfolio company of Crystal Ridge Partners and Defiance Partners)

    Consumer Products & Services

    Manufacturer of custom-made fiberglass and aluminum truck caps and tonneau covers

    Sold to: Tectum Holdings, Inc., a portfolio company of TA Associates (Boston, MA)

    A.R.E. Accessories, LLC (portfolio company of Crystal Ridge Partners and Defiance Partners)

    Western Reserve Partners served as exclusive financial advisor to A.R.E. Accessories, LLC (“A.R.E.”), a portfolio company of Crystal Ridge Partners and Defiance Partners, in its sale to Tectum Holdings, Inc. (“THI”), a portfolio company of TA Associates, LLC.

    Headquartered in Massillon, Ohio, A.R.E is the world’s single largest selling brand of highly engineered, custom-made fiberglass and aluminum truck caps and tonneau covers, widely regarded as having the highest quality and broadest product line in the market today.  A.R.E. operates from three manufacturing locations in Ohio and a distribution center in Nevada.  The facilities utilize state-of-the-art equipment, production processes and environmental emission controls earning ISO 9001 certification in 2001.  With over 45 years of experience, A.R.E. has a highly developed network of independent dealers who rely on the company to provide product custom made to exact order specifications and delivered within two to three weeks.

    Headquartered in Ann Arbor, Michigan, THI is a leading supplier of branded light duty truck accessories for pickup truck bed applications.  Since its formation, THI has grown organically and via acquisition from two tonneau brands into a diverse portfolio of seven major tonneau brands and a premier bed liner brand.

    Of working with Western Reserve, Crystal Ridge Partners Managing Principal Don Hofmann said, “We appreciate the tremendous dedication and industry expertise Western Reserve provided in the process, which resulted in a successful outcome for the shareholders and provided an ideal partner for the A.R.E. team.”

    “We are quite excited to join the THI family and to join a company known throughout the industry for innovation and quality, values that have been with A.R.E. since its founding more than 45 years ago. On behalf of everybody at A.R.E., I would like to thank the Western Reserve team for their assistance and guidance throughout the sale process.  Their direction and relentless effort throughout the process was truly top notch,” said Todd Hoffman, A.R.E.’s President and CEO.

    . . .

    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.

  • Addison Products Company and WeatherKing Corporation

    Consumer Products & Services

    Manufacturers and marketers of residential unitary heating and cooling equipment

    Sold to: Rheem Manufacturing (New York, NY), a subsidiary of Paloma Ltd. (Tokyo, Japan)

  • ADESA Inc.

    Consumer Products & Services

    Wholesale auctioneer of used automobiles

    $23 million initial public offering of common stock

  • Advanced Communications

    Consumer Products & Services

    Provider of in-home installation services for communications industry

    Arranged senior secured credit facility with PNC Business Credit

  • Allen Telecom Inc.

    Consumer Products & Services

    Manufacturer of wireless telephone equipment

    $50 million placement of convertible preferred stock

  • American Consumer Products Inc.

    Consumer Products & Services

    Distributor of keys, knives, gloves and house numbers to hardware retailers

    Sold to: Vista 2000, Inc. (Roswell, GA)

  • American Consumer Products Inc. (Sharon Fastener Company division)

    Consumer Products & Services

    Distributor of fasteners to hardware retailers

    Sold to: Pawtucket Fasteners, LP (Pawtucket, RI)

  • American Greetings Corporation

    Consumer Products & Services

    Designer, manufacturer, marketer and retailer of seasonal and everyday greeting cards and other social expression products

    $260 million placement of senior subordinated debt

  • American Greetings Corporation

    Consumer Products & Services

    Designer, manufacturer, marketer and retailer of seasonal and everyday greeting cards and other social expression products

    $150 million placement of senior convertible notes

  • American Italian Pasta Company

    Food & Beverage

    Manufacturer and marketer of branded and private label dry pasta

    Provided strategic advisory services

  • Amweld Building Products Inc.

    Consumer Products & Services

    Manufacturer of custom and standard hollow metal doors

    Sold to: Midwest Metal Products, Inc. (Beachwood, OH)

  • Anaheim Manufacturing Company

    Consumer Products & Services

    Manufacturer of residential and commercial food waste disposers

    Sold to: Moen Incorporated (Cleveland, OH), a subsidiary of Fortune Brands (Deerfield, IL)

    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.

  • Anomatic Corporation

    Consumer Products & Services

    Manufacturer of high-volume anodized aluminum packaging components and custom decorative assemblies to global cosmetics packaging companies

    Recapitalized by: Brookstone Partners (New York, NY)

    Anomatic Corporation

    Western Reserve acted as exclusive financial advisor to Anomatic Corporation in its recapitalization by Brookstone Partners.

    Anomatic, headquartered in Newark, Ohio, is the leading provider of high-volume anodized aluminum packaging components and custom decorative assemblies to global cosmetics packaging companies.  The company has the ability to stamp, clean, buff, anodize, decorate and assemble a wide variety of aluminum components, including lipstick cases, mascara shells and collars, caps and threaded closures for lotions and fragrances.

    In an effort to improve shareholder value through domestic and international growth, Anomatic’s shareholders engaged Western Reserve to identify a financial partner that would enable the company to execute its growth plan domestically, as well as pursue international expansion.  Through a competitive auction process, Western Reserve introduced Anomatic to several potential financial partners.

    Anomatic was recapitalized by Brookstone in November 2005.  Brookstone, headquartered in New York, New York, is a private equity firm that seeks to acquire companies or invest in growth equity situations in the middle market.  Brookstone was selected based on its shared vision for the business and its recognized track record of success in international expansion and unique expertise in creating manufacturing efficiencies.  The transaction provided Anomatic’s shareholders with partial liquidity, an ongoing equity ownership in the business and a sophisticated financial partner to help execute its growth plan, all while retaining operational control.

    Scott Rusch, Vice President of Anomatic, said, “Western Reserve did an outstanding job of identifying the right financial partner for us and helping us through all stages of the transaction. Their experience and dedication to the project resulted in a timely and efficient result.  They were great to work with.”

    . . .

    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.

  • Anthony & Sylvan Pools Corporation

    Consumer Products & Services

    Marketer and installer of inground swimming pools

    Recapitalized by: JP Morgan Chase

  • Artesian Plumbing Products Inc.

    Consumer Products & Services

    Manufacturer and retailer of china, plastic and faux-marble plumbing products

    Sold to: Crane/Fiat Ltd. (Evanston, IL)

  • Astor & Black Custom Clothiers, Ltd.

    Consumer Products & Services

    Purveyor of finely tailored custom clothes

    Recapitalized by: Castanea Partners (Boston, MA)

    Astor & Black Custom Clothiers, Ltd.

    Western Reserve served as the exclusive financial advisor to Astor & Black Custom Clothiers, Ltd. in its recapitalization by Castanea Partners.

    Founded in 2004 by CEO David Schottenstein, Astor & Black is a leading purveyor of finely tailored custom clothes, including fully-canvassed, handmade suits, shirts and casual apparel.  The company, based in Columbus, Ohio, utilizes its network of professional clothiers and cutting-edge internet technologies to offer unparalleled product quality, customer service and price points relative to those offered by conventional department store brands and shop-owner tailors.  Astor & Black counts high profile business executives, professional athletes and celebrities among its customers and is the official clothier of Bentley Motors.

    Mr. Schottenstein sought to bring on a private equity investor to both achieve partial liquidity and partner with an experienced operator of luxury apparel companies to help develop and execute the company’s growth plans.  Through a competitive, yet highly confidential process, Western Reserve introduced Astor & Black to a range of financial partners and managed the marketing and transaction negotiation processes.

    Astor & Black was recapitalized by Castanea in March 2011. Castanea Partners, headquartered in Boston, Massachusetts, is a private equity firm that owns branded consumer product companies such as Betsey Johnson, Ippolita, Urban Decay and Donald Pliner, among others.

    Mr. Schottenstein said, “Western Reserve’s team provided an incredible amount of insight and assistance throughout this process.  Their team members were helpful, responsive and ensured that we achieved the desired result.  Matching us with a sterling firm like Castanea will enable us to continue our rapid growth.  I could not have been more pleased.”

    . . .

    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.

  • ATA Inc.

    Consumer Products & Services

    Charter airline

    $50 million initial public offering of common stock

  • Bindley Western Industries Inc.

    Retail

    Pharmaceutical distribution and services company

    $65 million offering of convertible subordinated debentures

  • Blaw Knox Corporation (Hupp Company and DCM Corp. subsidiaries)

    Consumer Products & Services

    Manufacturers of fuel-fired vehicle heaters, custom air conditioners and fractional horsepower DC motors

    Sold to: Sunderland Holdings Corp.

  • Borders Group Inc.

    Consumer Products & Services

    Retailer of books and other media

    Financing of 12 Borders locations

  • Brass Eagle Inc.

    Consumer Products & Services

    Manufacturer, marketer and distributor of paintball and extreme sports products

    $29 million initial public offering of common stock

  • Brightpoint Inc.

    Retail

    Wireless communications distributor

    $40 million follow-on offering of common stock

  • Budget Group Inc.

    Consumer Products & Services

    Car and truck rental company

    $176 million follow-on offering of common stock

  • Budget Group Inc.

    Consumer Products & Services

    Car and truck rental company

    $60 million follow-on offering of common stock

  • Buffalo Wild Wings Inc.

    Food & Beverage

    Owner, operator and franchisor of restaurants

    $59 million initial public offering of common stock

  • Bush Industries Inc.

    Consumer Products & Services

    Manufacturer and marketer of RTA home office and home entertainment furniture

    Delivered a fairness opinion to the Special Committee for a potential purchase of a block of shares

  • Century Foods International

    Food & Beverage

    Designer, processor and distributor of whey protein products for the sports nutrition industry

    Sold to: Hormel Foods Corporation (Austin, MN)

  • Charming Shoppes Inc.

    Consumer Products & Services

    Retailer of women's apparel

    $130 million follow-on offering of common stock

  • Chemitrol Chemical Co. (Cal-Van Tools division)

    Consumer Products & Services

    Manufacturer and wholesaler of custom automotive tools

    Sold to: Horizon Tools, Inc. (Houston, TX)

  • Chemitrol Chemical Co. (Cory Orchard & Turf subsidiary)

    Consumer Products & Services

    Distributor of fertilizers and other agricultural and turf products

    Sold to: Terra International Inc. (Louisville, KY)

  • Chicago Miniature Lamp

    Consumer Products & Services

    Manufacturer of highly engineered lighting fixtures

    $124 million follow-on offering of common stock

  • Circuit City

    Retail

    Retailer of consumer electronics and household products

    $28 million credit tenant lease

  • Circuit City

    Retail

    Retailer of consumer electronics and household products

    $40 million credit tenant lease

  • Cleveland Indians Baseball Company

    Consumer Products & Services

    Professional baseball team

    $60 million initial public offering of common stock

  • Cleveland Indians Baseball Company

    Consumer Products & Services

    Professional baseball team

    Sold to: Lawrence Dolan & Family Trusts (Chardon, OH)

  • Cole National Corporation

    Retail

    Provider of optical products and services and personalized gifts

    $28 million follow-on offering of common stock

  • Cole National Corporation

    Retail

    Provider of optical products and services and personalized gifts

    $122 million follow-on offering of common stock

  • Consolidated Stores Corp.

    Retail

    Discount retail chain

    $195 million follow-on offering of common stock

  • Coyne Kangesser Parking Inc.

    Consumer Products & Services

    Independent regional parking concern

    Sold to: American Building Maintenance Services, Inc. (Los Angeles, CA)

  • Crane Group

    Consumer Products & Services

    Private, family-owned holding and management company

    Acquired: Pet Paradise Resort and Day Spa (Jacksonville, FL)

    Crane Group

    Western Reserve Partners announced that the Crane Group purchased a majority interest in Pet Paradise Resort and Day Spa. This transaction marked Crane’s first investment in the pet industry. The partnership will allow new growth and innovation opportunities for Pet Paradise. Western Reserve provided buy-side advisory services to Crane from identifying targets, advising on negotiations to assisting with due diligence.

    Founded in 2002, Pet Paradise offers pet boarding and daycare services for dog or cat pet owners. Based in Jacksonville, Florida with over 26 locations and 700 employees throughout the southern region of the country, Pet Paradise provides a variety of services such as room and suites boarding, grooming, training, all day play activities and on-site veterinary services.

    Crane is a 65 year old private, family-owned holding and management company based in Columbus, Ohio. Crane is comprised of five operating companies serving local, regional and global markets within their respective industries. Crane seeks investment opportunities in leading middle market companies that can leverage the depth and breadth of resources of the Crane team in a mutual effort to secure long-term growth and sustained profitability.

    Tanny Crane, President and CEO of the Crane Group, said “It has been a goal at Crane for years to make an investment in this industry and we are pleased to have found Pet Paradise. We couldn’t have done it without Western Reserve’s help.”

    “We are thrilled that the Crane Group now has an investment in the pet industry. Pet Paradise and Crane are a great fit for one another and we’re excited to see the partnership grow,” said Director David Mariano.

    . . .

    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.

  • Creative Cabinet Systems, Inc.

    Retail

    Manufacturer of custom store fixtures and woodworking projects for national retailers

    Certain assets sold to: idX Corporation (St. Louis, MO), a portfolio company of Acon Investments LLC

    Creative Cabinet Systems, Inc.

    Western Reserve Partners served as financial advisor to Creative Cabinet Systems, Inc. in the sale of certain assets to idX Corporation.  The transaction was led by Managing Director David Dunstan, Director Charles Aquino and Vice President Andrew Male of the firm’s Business Services and Consumer group, who were supported by Analyst Alexander Trouten.

    Founded in 1968, Dayton, Ohio-based Creative Cabinet Systems is a leading manufacturer of custom store fixtures and woodworking projects for national retailers.  Products and services include fixtures composed of hardwood, veneer, laminate, metal and glass and a full suite of engineering capabilities including prototyping and national rollout programs.

    Incorporated in 1999 and headquartered in St. Louis, Missouri, idX Corporation manufactures wood, metal, glass, laminate, veneer and acrylic store display fixtures.  Products include kiosks, loose fixtures, retail counters, retail display fixtures and signage for the banking, financial, hospitality and point-of-purchase industries.  idX operates through thirteen locations globally and is a portfolio company of Acon Investments.

  • Damon Corporation

    Consumer Products & Services

    Manufacturer and marketer of RVs, towables and recreational park trailers

    Sold to: Thor Industries Inc. (Jackson Center, OH)

  • Detroit Armor Co. Inc. (Bankruptcy Estate of Grabill Corporation)

    Consumer Products & Services

    Designer and fabricator of piston and rifle target equipment

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Chikol Equities Co. (Elkhart, IN)

  • Dots LLC

    Consumer Products & Services

    Retailer of extreme value fashion apparel for women

    Recapitalized by: William Blair Capital (Chicago, IL)

  • Driggs Farms of Indiana, Inc.

    Food & Beverage

    Processor of private label ice cream and ice cream related products

    Financial advisor for the company in its bankruptcy case; sold to: Land-O-Sun Dairies, LLC (Johnson City, TN), an affiliate of Dean Foods Co. (Dallas, TX)

    Driggs Farms of Indiana, Inc.

    Western Reserve acted as exclusive financial advisor to the Bankruptcy Estate of Driggs Farms of Indiana, Inc. in its sale to Land-O-Sun Dairies LLC, a subsidiary of Dean Foods Company (NYSE: DF).

    Founded in 1911 and based in Decatur, Indiana, Driggs was a leading private label manufacturer of ice cream and frozen novelties.  The company manufactured its own Delicious®, El Premio® and Driggs Farms® labels, as well as private labels for national grocery retailers and distributors.

    Western Reserve was retained as the company’s exclusive investment banker.  After seeking numerous liquidity alternatives through a traditional sale process, Driggs Farms filed a motion to sell the business through a Section 363 asset sale to a stalking horse bidder, Fieldbrook Foods Corporation, which had entered into a definitive asset purchase agreement after negotiations led by Western Reserve.

    In accordance with procedures approved by the bankruptcy court, Western Reserve solicited written offers from other prospective purchasers to “top” the stalking horse bid.  Among the more than 60 potential buyers contacted, Dean Foods entered the auction process with Fieldbrook, and over the course of the September 2008 auction, the bid changed hands 35 times before Dean Foods emerged as the highest bidder.  As a result, the primary secured creditor was paid in full, and other creditors of Driggs realized a significantly higher recovery than was originally expected.  

    Dean Foods is one of the nation’s leading food and beverage companies, producing a full line of dairy and soy products.  At the time of the transaction, it operated more than 100 U.S. plants employing over 26,000 people.

  • E&A Industries (Brulin & Company Inc. subsidiary)

    Consumer Products & Services

    Formulator and marketer of floor care products and industrial cleaning chemicals

    Sold to: CP Acquisition Inc. (St. Louis, MO), a portfolio company of Primus Venture Partners (Cleveland, OH)

  • Elder-Beerman Department Stores Inc.

    Consumer Products & Services

    Retail department store chain

    $71 million initial public offering of common stock

  • Elder-Beerman Department Stores Inc.

    Consumer Products & Services

    Retail department store chain

    Acquired: Stone & Thomas Inc. (Wheeling, WV)

  • Elder-Beerman Department Stores Inc.

    Consumer Products & Services

    Retail department store chain

    Financial advisor for the equity holders in bankruptcy restructuring; provided appraisal of the $375 million estate

  • Elder-Beerman Department Stores Inc. (Bee-Gee Shoes division)

    Consumer Products & Services

    Retailer of shoes

    Sold to: Jam Shoe Concepts (Dayton, OH)

  • Environmental Quality Company

    Consumer Products & Services

    Solid waste management company

    Sold to: Allied Waste Industries, Inc. (Scottsdale, AZ)

  • ESSCO Inc.

    Consumer Products & Services

    Distributor of vacuum cleaners and repair parts to independent vacuum dealers

    Sold to: MCM Capital Partners (Beachwood, OH)

    ESSCO Inc.

    Western Reserve acted as exclusive financial advisor to Merc Acquisitions, Inc. (d/b/a Electric Sweeper Service Company) (“ESSCO”) in its sale to MCM Capital Partners.

    ESSCO, an 81 year old business headquartered in Valley View, Ohio, is the leading wholesaler of vacuum cleaner parts and a leading distributor of vacuum cleaners to more than 3,200 of the 10,000 independent vacuum dealers in the U.S.

    As the market leader in a unique niche, ESSCO was faced with significant growth opportunities, including exclusive distribution arrangements, new brands and product lines and potential acquisitions.  Western Reserve was engaged by ESSCO to assist in identifying a suitable equity partner to help execute the company’s growth plan, and through a competitive auction process, Western Reserve introduced ESSCO to several potential financial and strategic partners, 18 of which submitted first round offers.

    ESSCO was acquired by MCM in August 2005.  Based in Cleveland, Ohio, MCM is a well-regarded financial sponsor with a recognized track record of successful investments in small growth companies.  The MCM transaction provided ESSCO’s shareholders with partial liquidity, an ongoing equity ownership in the business and a sophisticated equity partner to help execute its growth plan, all while retaining operational control.

    ESSCO President Bob Merckle said, “The entire Western Reserve team was very helpful from beginning to end and was the right group to guide us through this very important process.”

    . . .

    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.

  • ESSCO Inc. (portfolio company of MCM Capital Partners)

    Consumer Products & Services

    Distributor of vacuum cleaners and repair parts to independent vacuum dealers

    Sold to: Cardinal Equity Partners (Indianapolis, IN)

    ESSCO Inc. (portfolio company of MCM Capital Partners)

    Western Reserve served as the exclusive investment banker to MCM Capital Partners in the firm’s sale of ESSCO, the leading distributor of floor care products to independent storefront and internet retailers in the United States.  ESSCO was acquired by Cardinal Equity Partners, an Indianapolis-based private equity firm.

    Founded in 1924 and based in Twinsburg, Ohio, ESSCO distributes over 12,000 SKUs of floor care cleaning equipment and consumable parts, including products from Hoover, Kirby, Bissell, Oreck and Panasonic.  ESSCO’s unique nationwide distribution network allows it to provide time sensitive floor care retailers with the fastest lead times and broadest product selection in the industry.  ESSCO is also a leading provider of drop ship services for specialty floor care internet retailers and internet order fulfillment services for mass merchant retailers.

    Leading the transaction for Western Reserve was Managing Director David Dunstan, Vice President Andrew Male and Analyst Jessica Fleck.  Western Reserve also represented ESSCO in its original sale to MCM Capital Partners in 2005.

    “Western Reserve is proud to have represented ESSCO in its sale first to MCM and now to Cardinal,” said Mr. Dunstan.  “ESSCO has built the leading nationwide distribution platform and an exceptional management team under MCM’s guidance.  The company, now the well entrenched market leader, is exceptionally well positioned for future growth.”

    Steve Ross, Managing Director and Partner of MCM Capital Partners, said of Western Reserve’s involvement, “The Western Reserve team executed a highly efficient process that allowed MCM to realize an excellent return for its shareholders and find an ideal partner for ESSCO’s management team and employees going forward.”

    ESSCO Chief Executive Officer Tom Bianco said, “Western Reserve’s assistance was critical for our management team throughout the sale process.  Our team is excited to be partnering with Cardinal Equity Partners as we continue to develop new and innovative ways to best service the floor care industry.”

    . . .

    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.

  • Exxel Outdoors, LLC

    Consumer Products & Services

    Manufacturer and distributor of outdoor gear and camping equipment

    Acquired: American Recreation Products (Boulder, CO) from Kellwood Company, LLC (Chesterfield, MO), a portfolio company of Sun Capital Partners (Boca Raton, FL)

    Exxel Outdoors, LLC

    Western Reserve advised Exxel Outdoors in its acquisition of American Recreation Products (“ARP”) from the Kellwood Company, a portfolio company of Sun Capital Partners, Inc.  Western Reserve also advised Exxel on financing the transaction:  senior debt from Wells Fargo Bank and mezzanine debt from Pathlight Capital.

    Headquartered in Los Angeles, California, Exxel manufactures and markets family-style sleeping bags, tents, children’s camp sets and apparel, among other equipment. Their product portfolio includes four company brands (Suisse Sport, X20, American Trails, Master Sportsman), licensed brands (Disney, Marvel, DC Comics, Hello Kitty, Realtree) and private label products. Exxel’s Haleyville, Alabama plant is the leading manufacturer of U.S.-made sleeping bags.

    ARP, headquartered in Boulder, Colorado, is home to a collection of the most well-known and innovative outdoor industry brands, offering a wide variety of technical and lifestyle equipment, apparel, and accessories to compliment any outdoor pursuit. American Rec’s family of brands includes Kelty, Sierra Designs, Slumberjack, Wenzel, Ultimate Direction, Mountain Trails, and Instabed.  Its products are sold through sporting goods stores and outdoor specialty stores, as well as through mail order and the internet.

    Harry Kazazian, Chief Executive Officer at Exxel said, “The team at Western Reserve Partners worked hand-in-hand with us during every stage of this deal: approaching the seller, negotiating the purchase, securing the bank debt, securing the mezzanine debt, structuring the equity, and refining the legal documents.  They committed themselves 100% to our success.”

    . . .

    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.

  • FinishMaster Inc.

    Consumer Products & Services

    Distributor of automotive paints to the automotive collision repair industry

    Acquired: LDI Autopaints, Inc. (Indianapolis, IN)

  • FinishMaster Inc.

    Consumer Products & Services

    Distributor of automotive paints to the automotive collision repair industry

    Provided fairness opinion for the repurchase of common stock

  • Fire-Dex, Inc.

    Consumer Products & Services

    Manufacturer and distributor of fire protection apparel

    Recapitalized by: JP Morgan Chase, Brown Brothers Harriman and StoneCreek Capital

    Fire-Dex, Inc.

    Western Reserve acted as exclusive financial advisor to Fire-Dex, LLC in its recapitalization by Brown Brothers Harriman and StoneCreek Capital.

    Headquartered in Medina, Ohio, Fire-Dex is one of the country’s largest fire safety apparel manufacturers.  The company produces custom firefighting turnouts – outer protective clothing worn by firefighters.  In addition, Fire-Dex manufactures EMS, search and rescue, wildlands and proximity apparel, as well as gloves and hoods.

    Fire-Dex’s shareholders engaged Western Reserve to recapitalize the business in order to enable Charlie Grossman, Chairman and majority shareholder, to receive full liquidity and Bill Burke, President, to acquire a majority ownership position.  A recapitalization would also enable the company to facilitate continued growth.  Through a competitive auction process, Western Reserve introduced Fire-Dex to several potential partners.

    Fire-Dex was recapitalized by Brown Brothers Harriman and StoneCreek Capital in January 2007.  JPMorgan Chase Bank provided the senior secured credit facility.

    Mr. Grossman said, “The advice we received from Western Reserve was extremely helpful throughout the transaction.”

    Mr. Burke said, “Western Reserve allowed both Charlie and me to achieve our objectives, resulting in a favorable outcome for the company’s shareholders, as well as a new relationship with two valuable financial partners. We are very pleased with the Western Reserve team and the expertise they provided us in executing this complex 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.

  • Fire-Dex, Inc.

    Consumer Products & Services

    Manufacturer and distributor of fire protection apparel

    Recapitalized by: Peninsula Capital Partners (Detroit, MI) and management

    Fire-Dex, Inc.

    Western Reserve acted as exclusive financial advisor to Fire-Dex, LLC in its recapitalization with Peninsula Capital Partners L.L.C. This transaction represented the firm’s second engagement by Fire-Dex, as Western Reserve assisted the company in its 2007 recapitalization by Brown Brothers Harriman and StoneCreek Capital.

    Headquartered in Medina, Ohio, Fire-Dex, LLC is one of North America’s largest and fastest growing manufacturers of turnouts and related gear for firefighters, consistently recognized for its superior customer service and a high quality, broad product line.  The Company manufactures and supplies custom fire fighting turnouts, EMS, search and rescue, wild lands and proximity apparel, as well as gloves, hoods, boots and accessories throughout the United States, Canada and South America.

    As a result of the transaction, Fire-Dex provided liquidity to its previous junior capital providers and facilitated continued growth of the business with a new financial partner, Peninsula Capital Partners L.L.C. (“Peninsula”) through its Peninsula Fund V L.P., which provided subordinated debt and preferred equity.

    JPMorgan Chase Bank provided the senior secured credit facility.  The recapitalization was structured to allow Bill Burke, Chairman and majority shareholder, to acquire an increased equity ownership position and provide a strong financial partner to facilitate the continued growth of the business.

    Mr. Burke said, “Western Reserve ultimately delivered significant value to Fire-Dex’s shareholders. Their knowledge of our industry and attention to detail at every stage were essential to achieving an outcome much better than I had anticipated at the outset of the process. We are now well-positioned with a strong financial partner to capitalize upon our growth strategy.”

    . . .

    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.

  • Forest City Auto Parts

    Retail

    Fifty-store retail automotive parts chain

    Sold to: Tyler Corporation (Dallas, TX)

  • Four Wheel Drive Hardware Inc.

    Retail

    Catalog retailer of Jeep aftermarket products

    Sold to: Pfingsten Partners LP (Deerfield, IL)

  • Friedman’s, Inc.

    Consumer Products & Services

    Jewelry retailer

    $47 million follow-on offering of common stock

  • Gibson-Homans Company

    Consumer Products & Services

    Manufacturer of adhesives, sealants and coatings for building construction and maintenance

    Sold to: Gardner Asphalt (Tampa, FL)

  • Gorges Quik-To-Fix Foods Inc.

    Food & Beverage

    Supplier of meat to retail grocers and food service industries

    Financial advisor for the company in its Chapter 11 case; sold to Smithfield Foods, Inc. (Smithfield, VA)

  • Grabill Corporation

    Consumer Products & Services

    Diversified manufacturer of automotive, industrial and consumer products

    Provided appraisal of the $104 million estate and fairness opinions for each of the 14 subsidiaries sold

  • High Liner Foods Inc.

    Food & Beverage

    Processor of branded and private label frozen foods in North America

    Provided strategic advisory services

  • Highland Group Industries (portfolio company of Linsalata Capital Partners)

    Consumer Products & Services

    Brand of cargo management and vehicle protection products

    Sold to: Trimas Corp. (Bloomfield Hills, MI)

  • Homeland Stores Inc.

    Food & Beverage

    Grocery retailer

    Arranger and placement agent for $65 million of debtor-in-possession financing

  • Horizon Organic Holding Corporation

    Food & Beverage

    Processor and marketer of branded organic milk and other dairy products

    Provided strategic advisory services

  • Hy-Vee Inc.

    Food & Beverage

    Chain of grocery stores

    Sale leaseback of five grocery stores

  • I&K Distributors Inc.

    Food & Beverage

    Manufacturer, wholesaler and distributor of branded and private label potato salads and other foods

    Sold to: Chef Solutions, Inc. (Schaumburg, IL) a subsidiary of LSG Lufthansa Service Holding AG (Neu-Isenburg, Germany)

  • International Flavors and Fragrances Inc.

    Consumer Products & Services

    Creator and manufacturer of flavors and fragrances

    $75 million credit tenant lease

  • International Outsourcing Services LLC

    Retail

    Provider of coupon processing services to nearly 20,000 retail stores throughout the U.S

    Sold to: ProLogic Redemption Solutions, Inc. (Bloomington, IN), a portfolio company of Marlin Equity (El Segundo, CA)

    International Outsourcing Services LLC

    Western Reserve acted as exclusive financial advisor to International Outsourcing Services, Inc. (“IOS”) in the sale of its coupon redemption operations to ProLogic Redemption Solutions, a portfolio company of Marlin Equity Partners.

    IOS was one of the world’s largest coupon processing companies and remains a provider of outsourced data services to a variety of end markets.  The company’s coupon division regularly processed more than one billion coupons annually for customers such as Food Lion, Kroger, SUPERVALU and Winn Dixie.  IOS’ data services division provides data entry, forms processing, mail resolution and other back-office functions.

    In March of 2007, a federal grand jury indicted IOS and 11 of its executives on 25 counts and $250 million worth of coupon fraud; subsequently, 23 of the largest consumer product companies, including Kellogg Co., Kraft Foods, General Mills, Johnson & Johnson and PepsiCo., filed a civil lawsuit against IOS for $150 million in damages.  Western Reserve was hired by IOS’ board-appointed interim management company, FTI Palladium Partners, to sell the company’s coupon redemption operations.

    Western Reserve worked in conjunction with FTI, IOS’ board of directors, the company’s five-member bank group and its indicted founding family to facilitate a complex multiparty transaction.  ProLogic acquired IOS’ coupon redemption operations in June 2008.  ProLogic was a newly-formed portfolio company of Marlin Equity, a private investment firm based in El Segundo, California focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs.

  • Jo-Ann Stores

    Retail

    Fabric and craft retailer

    Acquired: House of Fabrics, Inc. (Sherman Oaks, CA)

  • Keystone RV Company

    Consumer Products & Services

    Marketer and manufacturer of towable RV products

    Recapitalization via: Summit Partners (Boston, MA)

  • Kinder Manufacturing Corp. (Bankruptcy Estate of Grabill Corporation)

    Consumer Products & Services

    Manufacturer and marketer of mattresses and upholstered furniture

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Oakbrook Manufacturing Inc. (Elkhart, IN)

  • L.E. Technologies LLC (portfolio company of Stonehenge Partners)

    Consumer Products & Services

    Manufacturer of steel fabricated frames and parts for the recreational vehicle and mobile home markets

    Sold to: Mellon Ventures, Inc. (Atlanta, GA)

  • L.L. Bean Inc.

    Consumer Products & Services

    Direct marketer of outdoor and leisure apparel and accessories via catalogues and website

    $50 million placement of senior notes

  • LDI Ltd. (Major Video Concepts Inc. subsidiary)

    Consumer Products & Services

    Distributor of video tapes and video games to independent and chain video rental stores

    Sold to: Ingram Entertainment, Inc. (La Vergne, TN)

  • LESCO Inc.

    Consumer Products & Services

    Provider of products for professional turf care segment of green industry

    Follow-on offering of common stock

  • LESCO Inc.

    Consumer Products & Services

    Provider of products for professional turf care segment of green industry

    Sold to: Deere & Co. (Moline, IL)

    LESCO Inc.

    Western Reserve acted as financial advisor to LESCO, Inc. (NASDAQ: LSCO) in its sale to Deere & Company (NYSE: DE).  This transaction represented the firm’s second engagement by LESCO, as Western Reserve advised the company in its 2005 divestiture of its manufacturing and distribution operations to Platinum Equity Partners, LLC.

    Headquartered in Cleveland, Ohio, LESCO is a leading provider of products for the professional green and pest control industries. At the time of the transaction, LESCO served customers worldwide through more than 345 LESCO Service Center® locations, 114 LESCO Stores-on-Wheels® vehicles and other direct sales efforts. Its customers included golf courses, athletic fields and professional lawn care companies that maintain landscapes around apartments, office complexes, government buildings, cemeteries and private homes.

    Following the divestiture of its manufacturing and distribution operations, LESCO continued to rely on Western Reserve for periodic counsel regarding the company’s strategic alternatives.  One such alternative was the sale of the company to a strategic buyer, and Western Reserve worked closely with management to drive value for LESCO’s shareholders through a detailed analysis of the synergistic fit and financial impact of combining the company with several of the most likely strategic buyers.

    LESCO was acquired by Deere in May 2007.  Headquartered in Moline, Illinois, Deere is the world’s leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation.  LESCO was combined with Deere’s John Deere Landscapes division, significantly increasing the volume of consumable products sold by the division, expanding the customer base for both LESCO and John Deere Landscapes and complementing Deere’s work in the Golf & Turf One Source business, which focuses on bringing total solutions to those who maintain golf course properties.

    LESCO President and Chief Executive Officer Jeffrey Rutherford said, “The Western Reserve team did an outstanding job in advising LESCO’s senior management and Board of Directors in our strategic alternatives over the past three years. Their keen understanding of our business model and knowledge of our industry set the stage for this important milestone in LESCO’s history. The team at Western Reserve was with us every step of the way, contributing significantly to the success of this 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.

  • LESCO, Inc. (manufacturing and distribution operations)

    Consumer Products & Services

    Manufacturing and distribution operations of provider of products for professional turf care segment of green industry

    Sold to: Platinum Equity Partners, LLC (Beverly Hills, CA)

    LESCO, Inc. (manufacturing and distribution operations)

    Western Reserve acted as financial advisor to LESCO, Inc. (NASDAQ: LSCO) in the sale of its manufacturing and distribution operations to Platinum Equity Partners, LLC.

    LESCO, headquartered in Cleveland, Ohio, is the largest provider of products for the professional turf care segment of the green industry.  The company’s consumable turf care manufacturing and distribution operations represented nearly 80% of LESCO’s annual net sales.

    In an effort to improve shareholder value, LESCO’s Board of Directors engaged Western Reserve to divest the company’s manufacturing and distribution operations.  This would enable LESCO to harvest its working capital and utilize the proceeds to invest in its retail operations, pay down debt and return cash to shareholders.  Management could then execute on a focused, highly profitable professional retail strategy that should be well received by Wall Street.

    LESCO’s manufacturing and distribution operations were acquired by Platinum in October 2005.  Platinum, a Los Angeles, California private equity firm, was selected based on its recognized track record of success in corporate carve-outs, shared vision for the business and unique expertise in creating supply chain efficiencies.  In conjunction with the transaction, LESCO secured a long-term supply arrangement with Platinum for the manufacturing and distribution of its turf care products on favorable terms.

    LESCO President and Chief Executive Officer Jeffrey Rutherford said, “The entire Western Reserve team did a terrific job in a very complex transaction. We greatly valued their creativity, strategic advice and execution capabilities.”

    In May 2007, Western Reserve acted as financial advisor to LESCO in its sale to Deere & Company (NYSE: DE).

    . . .

    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.

  • Logo Athletic Inc.

    Consumer Products & Services

    Manufacturer of licensed athletic apparel

    $95 million arrangement of senior bank financing

  • Logo Athletic Inc.

    Consumer Products & Services

    Manufacturer of licensed athletic apparel

    $43 million placement of private equity

  • LRV Inc. and affiliates

    Consumer Products & Services

    Manufacturer of plastic pick-up truck bed liners and toolboxes

    Sold to: Lancaster Colony Corporation (Columbus, OH)

  • Lucent Technologies

    Consumer Products & Services

    Manufacturer of telecommunications equipment

    $106 million bond lease financing; issuance of secondary notes to Plaza Drive Properties, LLC

  • Magic American Corporation (Earthrite products line)

    Consumer Products & Services

    Formulator and marketer of environmentally safe household cleaning products

    Sold to: John A. Benckiser GmbH (Ludwigshafen, Germany)

  • Main Street Gourmet

    Food & Beverage

    Manufacturer of customized frozen bakery goods including muffins, muffin batters, cookies, brownies, bars and other specialty items

    Sold to: Clover Capital Partners LLC (Los Angeles, CA)

    Main Street Gourmet

    Western Reserve acted as exclusive financial advisor to Main Street Gourmet in its sale to Clover Capital Partners LLC.

    Main Street Gourmet, headquartered in Cuyahoga Falls, Ohio, was founded in 1987 by childhood friends Steve Marks and Harvey Nelson.  Today, the company is a leading provider of frozen bakery items, including whole grain and all natural muffins, brownies, cookies, granolas and other specialty desserts.  Main Street Gourmet is well recognized for its expertise in customizing recipes for many premier food retailers, bakery-cafes, in-store bakeries, restaurants and delis.

    Shareholders retained Western Reserve to assist in a potential sale of the company and the identification of a partner with the resources to support the management team’s growth plans.   Western Reserve confidentially introduced the company to a range of financial and strategic buyers and assisted in negotiating key transaction terms.

    In April 2011, Main Street Gourmet was acquired by Clover Capital, a private equity firm based in Los Angeles, California.  The shareholders retained an ongoing ownership interest to share in the economic benefit of the company’s future growth potential.

    Messrs. Marks and Nelson said, “Western Reserve’s expertise, wisdom and experience provided an immense amount of comfort and security throughout the process.  We were thoroughly impressed with their commitment to keep our best interests first while achieving our strategic and financial objectives.  We are truly fortunate to have selected Western Reserve to handle this 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.

  • Marsh Supermarkets, Inc.

    Food & Beverage

    Operates supermarkets, fresh produce markets and convenience stores in Indiana and Ohio

    $50 million private placement of senior notes

  • Martin Industries Inc. (Broilmaster Inc. subsidiary)

    Consumer Products & Services

    Manufacturer of premium barbecue grills

    Sold to: Empire Comfort Systems, Inc. (Belleville, IL)

  • Masco Corporation (Value Product Group)

    Consumer Products & Services

    Provider of in-stock cabinets sold primarily through Lowes and Home Depot

    Provided strategic advisory services

  • Midway Cap Co. (Bankruptcy Estate of Grabill Corporation)

    Consumer Products & Services

    Custom sewing company specializing in caps and uniform headgear

    Financial advisor for the company in its parent's Chapter 11 case; sold to: S&S Acquisition Co., Inc. (Chicago, IL)

  • Morgan’s Foods, Inc.

    Food & Beverage

    Operates 70 quick-service restaurants under franchises, including 57 KFCs, 4 Taco Bells and 9 “2n1” units

    Provided fairness opinion in PIPE transaction

  • Myers Industries Inc.

    Consumer Products & Services

    Manufacturer of polymer products for various markets and leading distributor of tools and supplies for the undervehicle repair industry

    $100 million placement of senior notes

  • NCS Healthcare Inc.

    Retail

    Long-term healthcare pharmacies

    Acquired: Corinthian Health Care (Indianapolis, IN)

  • NCS Healthcare Inc.

    Retail

    Long-term healthcare pharmacies

    $70 million initial public offering of common stock

  • NCS Healthcare Inc.

    Retail

    Long-term healthcare pharmacies

    $121 million follow-on offering of common stock

  • New Paris Creamery Company Inc.

    Food & Beverage

    Creamery producing milk, ice cream, cottage cheese and other dairy products

    Sold to: Finevest Services, Inc. (Greenwich, CT)

  • Nina Mason Pulliam Trust

    Consumer Products & Services

    Single largest shareholder of CNI, Inc., a leading publisher of newspapers

    Provided fairness opinion

  • NitroFill, LLC

    Consumer Products & Services

    Developer and marketer of comprehensive customer retention solutions for franchised automotive dealerships

    Recapitalized by: Kinderhook Industries, LLC (New York, NY) and management

    NitroFill, LLC

    Western Reserve Partners served as the exclusive financial advisor to NitroFill, LLC in its recapitalization by Kinderhook Industries, LLC and NitroFill’s Chief Executive Officer Jay Lighter. NitroFill was previously owned by affiliates of Crystal Ridge Partners and Mr. Lighter.

    Headquartered in Pompano Beach, Florida, NitroFill is a leading developer and marketer of patented nitrogen generation and inflation systems for passenger and truck tires as well as related tire warranties, customer benefit programs and reseller customer retention programs. NitroFill’s flagship product offering is a Tire Protection Plan program, sold primarily to and through new car dealerships, leveraging the Company’s patented nitrogen tire inflation product and unique product warranty, which includes: tire repair and replacement coverage, roadside assistance and other benefits, a comprehensive CRM solution to increase customer traffic and tire and service sales while providing significant value to end user consumers.

    “We are thrilled with the outcome of this transaction and I am excited to be partnered with Kinderhook,” said Mr. Lighter.  “We appreciate the extraordinary service and direction we received from Western Reserve.  There is no doubt that we chose the right team to guide us throughout this important process.”

    “We are pleased to have played a role in bringing NitroFill and Kinderhook together in this transaction. The combination of NitroFill’s innovative product solutions and highly motivated team with Kinderhook’s deep automotive industry experience and expansive strategic resources will no doubt allow NitroFill to rapidly accelerate its growth trajectory,” said Mr. Mueller of the transaction. “We enjoyed working with the NitroFill team and look forward to watching the company continue to thrive. We are also grateful for the opportunity to represent Crystal Ridge Partners on another successful 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.

  • North Star and A. City Van Co. (Bankruptcy Estate of Grabill Corporation)

    Consumer Products & Services

    Companies involved in residential and commercial moving and storage

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Barrett Moving & Storage Co. (Milwaukee, WI)

  • Oatey Co.

    Consumer Products & Services

    Manufactures plumbing products for residential and commercial applications

    Acquired: William H. Harvey Manufacturing Co. (Omaha, NE)

  • OfficeMax

    Consumer Products & Services

    Office supply store retailer

    $678 million initial public offering of common stock

  • OfficeMax

    Consumer Products & Services

    Office supply store retailer

    Follow-on offering of common stock

  • OfficeMax

    Consumer Products & Services

    Office supply store retailer

    Sold to: Boise Cascade (Boise, ID); provided fairness opinion

  • Ohio Bar Review Inc.

    Consumer Products & Services

    Provider of Ohio Bar training review courses

    Sold to: Harcourt General, Inc. (Chestnut Hill, MA)

  • Par Industries Inc. (Flexible Flyer Company subsidiary)

    Consumer Products & Services

    Manufacturer of toys including hobby horses, swing sets and sleds

    Sold to: Roadmaster Industries, Inc. (Englewood, CO)

  • Pioneer-Standard Electronics

    Consumer Products & Services

    Distributor of computer systems and electronic components

    $45 million follow-on offering of common stock

  • Plantronics Inc.

    Consumer Products & Services

    Designer, manufacturer and marketer of communication headsets

    $89 million follow-on offering of common stock

  • Plantronics Inc.

    Consumer Products & Services

    Designer, manufacturer and marketer of communication headsets

    $104 million follow-on offering of common stock

  • Progressive Furniture Inc.

    Consumer Products & Services

    Manufacturer of household wood furniture

    Sold to: Sauder Woodworking Company (Archbold, OH)

  • Project Summertime

    Consumer Products & Services

    Manufacturer of power equipment

    Served as financial advisor and provided a valuation opinion to the Board of Directors related to redemption of company shares

  • Quaker Steak & Lube

    Food & Beverage

    Franchisee and operator of quick service restaurants

    Provided strategic advisory services

    Quaker Steak & Lube

    Western Reserve provided strategic advisory services to Lube Holdings Inc. (d/b/a Quaker Steak & Lube).

    Lube Holdings is the owner, operator and franchisor of Quaker Steak & Lube, a highly differentiated casual dining restaurant concept developed and refined over the past 33 years.  The company’s signature menu item is its award-winning chicken wings, known as “Best Wings USA”, prepared using the company’s assortment of 19 signature sauces and rubs.  At the time of the transaction, the Quaker Steak system comprised 27 locations in 10 states, including Florida, Georgia, Indiana, Iowa, North Carolina, Ohio, Pennsylvania, Tennessee, West Virginia and Wisconsin.  Quaker’s primary growth strategy was to continue developing its franchisee-owned restaurant system, primarily through new area development agreements for exclusive territories, with experienced franchise owners willing to develop three to five locations each.

    In December 2009, Western Reserve was engaged by Lube Holdings to help the company negotiate the conversion of its Series A preferred stock into common stock.  Western Reserve also assisted in the recapitalization and negotiation of certain senior debt obligations related to a mortgage loan held by the company.

  • Quality Dining Corporation

    Food & Beverage

    Franchisee and operator of Burger King and Chili's restaurants and owner and operator of three other restaurant concepts

    Provided strategic advisory services

  • Quality Dining Corporation

    Food & Beverage

    Franchisee and operator of Burger King and Chili's restaurants and owner and operator of three other restaurant concepts

    $40 million follow-on offering of common stock

  • Quality Dining Corporation

    Food & Beverage

    Franchisee and operator of Burger King and Chili's restaurants and owner and operator of three other restaurant concepts

    Provided fairness opinion

  • Quincy Bioscience, Inc.

    Consumer Products & Services

    Developer and commercializer of novel technologies to support good brain health in aging

    Private offering of senior subordinated notes provided by CapitalSouth Growth Fund (Charlotte, NC)

    Quincy Bioscience, Inc.

    Western Reserve Partners served as the exclusive investment banker to Quincy Bioscience, Inc.  in its successful private offering of senior subordinated notes. Proceeds from the offering will be used to finance Quincy’s rapid growth and refinance existing debt. The sole investor in the transaction is CapitalSouth Growth Fund.

    Headquartered in Madison, Wisconsin, Quincy is a leading biotechnology company focused on the discovery, development and commercialization of novel technologies to address brain health and other age-related health challenges, including memory loss.  The Company utilizes an innovative protein to manufacture its flagship product, Prevagen®, which is sold directly to consumers through direct response marketing campaigns and major drug store chains in the United States.

    Mike Beaman, CEO of Quincy, said, “We are very pleased to be partnering with CapitalSouth and very appreciative of Western Reserve’s dedication to structuring a creative financing solution.  Western Reserve delivered a successful outcome to Quincy’s shareholders, as we are now well-positioned with a strong financial partner to capitalize on our growth strategy.”

    . . .

    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.

  • Reserve America

    Consumer Products & Services

    Provider of campsite reservations in North America

    Sold to: Ticketmaster (Phoenix, AZ)

  • Riser Foods Inc.

    Food & Beverage

    Wholesaler and retailer of grocery products

    Sold to: Giant Eagle, Inc. (Pittsburgh, PA); provided fairness opinion

  • Rockford Corporation

    Consumer Products & Services

    Designer, manufacturer and marketer of high-performance mobile, professional and home audio systems

    $46 million initial public offering of common stock

  • Royal Appliance Mfg. Co.

    Consumer Products & Services

    Manufacturer and marketer of handheld and upright floor cleaners and replacement parts

    Provided strategic advisory services

  • Royal Appliance Mfg. Co. (TeleZapper product line)

    Consumer Products & Services

    Anti-telemarketing product line

    Sold to: VTech Holdings Ltd. (Hong Kong, China)

  • RPM Corporation

    Consumer Products & Services

    Manufacturer of paints, sealants and other products for consumer use

    $164 million follow-on offering of common stock

  • Sandridge Food Corporation

    Food & Beverage

    Manufacturer and marketer of prepared foods for the retail and foodservice markets

    Provided buy-side advisory services

  • Sanymetal Products Co.

    Consumer Products & Services

    Manufacturer of decorative injection plastic and plastic-laminated toilet and shower partitions

    Financial advisor for the company in its Chapter 11 case; sold to Crane/Fiat Ltd. (Evanston, IL)

  • Schwab Acquisition Group

    Consumer Products & Services

    Manufacturer and marketer of insulated filing cabinets and fire resistant safes

    Acquired: Schwab Safe Co., Inc. (Lafayette, IN)

  • Shoe Carnival Inc.

    Retail

    Discount shoe retailer

    $27 million initial public offering of common stock

  • Shoe Carnival Inc.

    Retail

    Discount shoe retailer

    $44 million follow-on offering of common stock

  • Signature Styles, LLC (portfolio company of Patriarch Partners)

    Consumer Products & Services

    Direct catalog/internet marketer of women’s apparel

    Financial advisor for the company in its bankruptcy case; sold to: Artemiss LLC, an affiliate of Patriarch Partners

    Signature Styles, LLC (portfolio company of Patriarch Partners)

    Western Reserve represented Signature Styles, LLC in its bankruptcy reorganization pursuant to Section 363 of the Bankruptcy Code.  Based in New York, NY, Signature Styles is a direct-to-consumer marketer of women’s fashion apparel comprising three distinct brands: Spiegel, Newport News and Shape FX.

    Signature Styles commenced a Chapter 11 bankruptcy case in June and filed a motion to sell the company to a stalking horse bidder, Artemiss, LLC.  Artemiss had entered into an asset purchase agreement for aggregate consideration of the assumption of certain liabilities and obligations of the company.  In its final form, Artemiss also paid cash consideration of $2.0 million to unsecured creditors.

    In accordance with procedures approved by the bankruptcy court, written offers were solicited by Western Reserve from over 270 other prospective purchasers to “top” the stalking horse bid.  Artemiss emerged from the process as the prevailing bidder, and its acquisition of Signature Styles was approved by the court on September 7, 2011.

     

  • Skyline Corporation

    Consumer Products & Services

    Producer of manufactured housing, modular housing and recreational vehicles

    Provided strategic advisory services

  • SMC Corporation

    Consumer Products & Services

    Manufacturer and marketer of RVs and towables

    Sold to: Monaco Coach Corporation (Lisle, IL)

  • SMED International

    Consumer Products & Services

    Manufacturer of modular office furniture

    $35 million follow-on offering of common stock

  • Smith & Wollensky Restaurant Group

    Food & Beverage

    Premium chain of steakhouse restaurants

    $45 million initial public offering of common stock

  • Spartan Stores Inc.

    Food & Beverage

    Retailer and distributor of groceries

    Merged with: Seaway Food Town, Inc. (Maumee, OH); provided fairness opinion

  • Spartan Stores Inc. (L.L./Jiroch and J.F. Walker subsidiaries)

    Food & Beverage

    Distributor of products to convenience stores

    Sold to: The H.T. Hackney Co. (Knoxville, TN)

  • Spring Arbor Distributors

    Consumer Products & Services

    Distributor of Christian books

    Sold to: Ingram Industries, Inc. (Nashville, TN)

  • Steelcase Inc.

    Consumer Products & Services

    Designer and manufacturer of office furniture

    Financial advisor for certain shareholders in connection with initial public offering

  • Stegemeyer Screw Corp. & National Screw Corp. (Bankruptcy Estate of Grabill Corporation)

    Consumer Products & Services

    Manufacturer and distributor of fasteners

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Quality Screw Company (Bensonville, IL)

  • Stylin’ Concepts Corporation

    Consumer Products & Services

    Direct marketer of aftermarket accessories to truck and sport truck enthusiasts

    Sold to: The Riverside Company (Cleveland, OH)

  • Team Rental Group Inc.

    Consumer Products & Services

    Car and truck rental company

    $52 million follow-on offering of common stock

  • The Astrup Company

    Consumer Products & Services

    Distributor of fabric, hardware and trimmings to the awning, marine and casual furniture industries in the U.S.

    Sold to: Glen Raven, Inc. (Burlington, NC)

    The Astrup Company

    Western Reserve acted as exclusive financial advisor to The Astrup Company in its sale to Glen Raven, Inc.

    Founded in 1876 and based in Cleveland, Ohio, Astrup is the leading distributor of outdoor, recreational, industrial and technical fabric, hardware and trimmings to the awning, marine and casual furniture industries in the U.S.  Over the past 130 years, Astrup has evolved from a single-facility sail manufacturer to the leading national specialty fabric distributor with, at the time of the transaction, 11 sales and distribution centers located throughout the U.S.  In addition, Astrup is a significant equity holder in two leading specialty fabric distributors in both Canada and Mexico, making the company a virtual one-stop shop for customers throughout North America.

    The shareholders of Astrup elected to explore a potential sale of the company to its largest supplier, Glen Raven, who had enjoyed a business relationship with Astrup for more than a century.  Astrup retained Western Reserve as its exclusive investment banker who advised the company throughout the transaction.

    Based in Burlington, North Carolina, Glen Raven markets performance fabrics in more than 100 countries worldwide.  Concurrent with the Astrup transaction, Glen Raven acquired John Boyle & Co., another leading manufacturer and distributor of specialty fabrics who was also a major customer of Glen Raven’s and who, like Astrup, continued to operate as a wholly-owned subsidiary.  Post-transaction, Astrup continued to be led by its President and Chief Operating Officer, Jeffrey W. Kirk.  John H. Kirk, Astrup’s Chairman and CEO, retired at the close of the transaction.

    John Kirk said, “The team at Western Reserve worked diligently with us through the many details and nuances of the transaction and created significant value for Astrup’s shareholders.  I’ve known the firm for many years, and they are truly dedicated to providing superior service to their clients.”

    . . .

    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.

  • The Finish Line

    Consumer Products & Services

    Retailer of athletic shoes and apparel

    Provided buy-side advisory services

  • Trilogy Pools LLC

    Consumer Products & Services

    Manufacturer of fiberglass composite pools and spas

    Sold to: Latham International Inc. (Latham NY), a portfolio company of Littlejohn & Co. (Greenwich, CT); provided valuation services

    Trilogy Pools LLC

    Western Reserve served as the exclusive investment banker to Trilogy Pools LLC in the company’s acquisition by Latham International Inc.  Latham International, a pool manufacturer based in Latham, New York, is a portfolio company of Littlejohn & Co., a private equity firm headquartered in Greenwich, Connecticut. Western Reserve also provided valuation services in connection with the transaction.

    Based in Fayetteville, Tennessee, Trilogy Pools is one of America’s largest and most reputable fiberglass pool manufacturers, with a network of dealers and contractors in over 25 states throughout the U.S.

    Leading the transaction for Western Reserve were Managing Directors Ralph Della Ratta and Kenneth Hirsch, supported by Associate David Helsel.

  • Turf Care Supply Corporation

    Consumer Products & Services

    Provider of premium slow-release and blended fertilizers for turf care applications in North America

    Acquired by: Members of Management (Brunswick, OH)

  • United Auto Group

    Retail

    Second largest automotive retailer in the U.S.

    Provided fairness opinion in the private placement of $119 million of common stock to Mitsui & Co. (New York, NY)

  • United Magazine Company

    Consumer Products & Services

    Regional distributor of books and magazines

    $38 million arrangement of senior secured bank facilities

  • Vacation.com

    Consumer Products & Services

    Leisure travel marketing organization serving a network of travel agency locations

    Sold to: Amadeus Technology Group SA (Madrid, Spain)

  • Veteran Supply Company Inc. (Bankruptcy Estate of Grabill Corporation)

    Food & Beverage

    Wholesaler and retailer of restaurant supplies

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Mr. Leslie Barnard (Chicago, IL)

  • Video Towne Inc.

    Consumer Products & Services

    Niche retailer of video cassettes

    Sold to: SuperClub NV (Antwerp, Belgium)

  • Vikimatic Sales, Inc.

    Consumer Products & Services

    Full service distributor of communications products

    Recapitalized by: Primus Venture Partners (Cleveland, OH)

  • Vision Care Holdings (Eyeglass World LLC subsidiary) (portfolio company of Summit Partners)

    Retail

    Chain of eyewear retail stores

    Sold to: National Vision, Inc. (Lawrenceville, GA), a portfolio company of Berkshire Partners, LLC (Boston, MA)

    Vision Care Holdings (Eyeglass World LLC subsidiary) (portfolio company of Summit Partners)

    Western Reserve acted as exclusive financial advisor to Vision Care Holdings, a portfolio company of Summit Partners, in the sale of its Eyeglass World, LLC subsidiary to National Vision, a portfolio company of Berkshire Partners.

    Headquartered in Lake Worth, Florida, Eyeglass World provides retail optical products and services through 62 vision superstores in 24 states.  According to Vision Monday Magazine, Eyeglass World is the 14th largest optical retail chain in the U.S.  Eyeglass World’s strategy is to offer value-conscious customers a large selection of high-quality, brand name eyewear and superior customer service at discount prices.

    Vision Care was in need of additional capital to execute its strategic plan in a difficult economic environment and engaged Western Reserve to assist in the sale of the business.  Western Reserve leveraged its expertise in specialty retail, and the optical sector in particular, to orchestrate a sale process that included conversations with the leading domestic and international strategic buyers as well as private equity groups with related interests.

    In January 2009, Eyeglass World was acquired by National Vision, the fifth largest optical retail chain in the U.S.  Western Reserve’s delivery of an effective and timely solution maximized the outcome for Summit and Vision Care’s other stakeholders despite a challenging economic environment.

  • Vista Eyecare Inc.

    Retail

    Provider of professional eye care services and products

    Financial advisor to the company in its Chapter 11 case

  • Volume Services America Holdings

    Consumer Products & Services

    d/b/a Centerplate; provider of food, catering, merchandise, design and facility management services for sports and entertainment venues

    $300 million initial public offering of Income Deposit Securities

  • Wabash Valley Manufacturing Inc.

    Consumer Products & Services

    Designer and manufacturer of plastisol coated furniture and site amenity products

    Sold to: WinsLoew Furniture, Inc. (Pompano Beach, FL), a portfolio company of Trivest Partners, L.P. (Miami, FL)

  • Walbro Corporation

    Consumer Products & Services

    Manufacturer and designer of fuel systems for automotive and outdoor power equipment

    $110 million private placement of senior notes

  • Wendy’s of Cuyahoga County Inc.

    Food & Beverage

    Franchisee of 23 fast food restaurants

    Sold to: Wendy's of Niles, Inc. (Rochester, NY)

  • Whitney Automotive Group (portfolio company of The Riverside Company)

    Retail

    E-commerce and catalog merchant of automotive aftermarket parts

    Sold to: US Auto Parts Network Inc. (Carson, CA)

  • Wild Oats Markets Inc.

    Food & Beverage

    Owner and operator of natural foods supermarkets

    Provided strategic advisory services

  • Wilmar

    Consumer Products & Services

    Distributor of repair and maintenance products to multi-family housing, lodging, and institutional facilities

    Acquired: Barnett Inc.

  • Wolohan Lumber

    Retail

    Engages in the retail sale of a full-line of lumber and building materials and related products

    Sold to: Wolohan Acquisition Co. (Saginaw, MI) in a management buyout

  • Yoder Brothers, Inc.

    Consumer Products & Services

    Breeder, propagator and marketer of chrysanthemums, perennials, asters, azaleas, hibiscus, gloxinias, lisianthus, poinsettias and pot roses

    Sold certain assets and related intellectual property related to the company's chrysanthemums and asters product lines to Syngenta AG (Basel, Switzerland)

    Yoder Brothers, Inc.

    Western Reserve acted as exclusive financial advisor to Yoder Brothers, Inc. in its divestiture of certain assets to Syngenta AG (NYSE: SYT).

    From modest beginnings as a partnership of two, hardworking Mennonite brothers – Menno and Ira Yoder – the company has evolved into a world leader in flowering research and breeding. Today, almost 90 years after its founding, Yoder, a privately-held company based in Barberton, Ohio, is the world’s leading breeder and propagator of all types of chrysanthemums, including potted mums, garden mums, spray mums and Fleurettes. The company is also a leading propagator and marketer of perennials, asters, azaleas, hibiscus, gloxinias, lisianthus, poinsettias and pot roses.

    Beginning in early 2007, Yoder’s Board of Directors began exploring strategic alternatives to strengthen the company’s financial position and achieve long-term value for the business and shareholders.  After several rounds of preliminary discussions with certain strategic parties, senior management and the Board of Directors elected to pursue a sale of Yoder to Syngenta.  Headquartered in Basel, Switzerland, Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology.

    Western Reserve was engaged by Yoder’s Board of Directors to represent the company in negotiating a letter of intent with Syngenta and assist senior management through the closing process.  The form and scope of the purchase offer changed several times during the course of due diligence, and Western Reserve worked closely with management in evaluating the relative value and benefits of Syngenta’s proposals.  Western Reserve led the way in negotiating, on behalf of management, a favorable transaction for Yoder’s shareholders, which involved the sale of certain assets and intellectual property related to the genetics, development, breeding, production, marketing and sale of the company’s potted and garden mum and asters product lines.  The transaction allowed Yoder to strengthen its balance sheet and management to focus resources on creating significant brand value for its remaining ornamental lines.

    Yoder’s Chief Executive Officer Bill Rasbach commented, “The Western Reserve team did an excellent job of advising our board of directors through this complex divestiture and creating significant value for our shareholders, employees and customers going forward.”

    . . .

    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.

  • Zale Corporation

    Retail

    Jewelry retailer

    $41 million follow-on offering of common stock

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