Deal List

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DEALS BY INDUSTRY

DEALS BY SERVICES

  • A. Schulman Inc.

    Chemicals, Plastics & Packaging

    Manufacturer and provider of plastic resins and compounds

    $50 million placement of senior notes

  • A.O. Smith Corporation (GSW Building Products subsidiary)

    Building Products & Materials

    Manufactures, markets and distributes vinyl rainware systems

    Sold to: Euramax International (Norcross, GA)

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

    Automotive

    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.

  • AC Material Handling Corp.

    Automotive

    Manufacturer of industrial lift trucks and lift truck parts

    Acquired: Lift Truck Division (Mattison, IL) of Allis Chalmers Corp. (Milwaukee, WI)

  • Addison Products Company and WeatherKing Corporation

    Building Products & Materials

    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.

    Automotive

    Wholesale auctioneer of used automobiles

    $23 million initial public offering of common stock

  • Adorn Inc.

    Building Products & Materials

    Manufacturer of wallboard and wood building components for the manufactured housing and recreational vehicle industries

    Sold to: Linsalata Capital Partners (Cleveland, OH)

  • Advance Mixer Inc.

    Automotive

    Manufacturer of front discharge concrete mixer trucks

    Sold to: The Prince Group (Grand Rapids, MI)

  • Advanced Ceramics

    Chemicals, Plastics & Packaging

    Manufacturer of high value ceramic shapes and powders

    Sold to: GE Quartz Advanced Materials Division (Willoughby, OH) of General Electric Company (Fairfield, CT); provided fairness opinion

  • Advanced Hydro Solutions LLC

    Energy, Power & Infrastructure

    Developer of hydro-electric facilities and redeveloper of existing dam facilities in North America

    Provided financial advisory services

  • Advanced Structural Alloys

    Automotive

    Manufacturer of rotary forged and spun aluminum products for the automotive aftermarket, military vehicle, aerospace and natural gas container markets

    Sold to: a Group of Private Investors in a Management Buyout

    Advanced Structural Alloys

    Western Reserve Partners announced that it served as the exclusive financial advisor to Advanced Structural Alloys, a portfolio company of Crosse Partners and HCAP Partners, in its sale to a group of private investors in a management buyout led by Chief Executive Officer Rob Melsness.

    Located in Oxnard, California, Advanced Structural Alloys is a fully integrated, high-end contract manufacturer of rotary forged and spun aluminum products for the automotive aftermarket, military vehicle, aerospace and natural gas container markets.

    “We appreciate the guidance and tremendous dedication Western Reserve provided in executing this successful transaction,” commented Zach Fischer, a Partner at Crosse Partners.

    Rob Melsness, CEO of Advanced Structural Alloys, commented, “I enjoyed working with the Western Reserve team and valued the thoughtful insight and guidance they provided throughout the transaction.”

    “Advanced Structural Alloys is an amazing company.  It combines strong product development with sophisticated manufacturing processes and a talented team of employees to design and deliver world-class products to its customers.  Many innovations in the end markets the company serves have been as a direct result of ASA’s unparalleled capabilities.  It was a pleasure working with ASA, Crosse Partners and HCAP Partners on this transaction, and I look forward to watching the company’s future growth and success under Rob Melsness and his investor group,” said Matt Mueller, who leads Western Reserve’s Automotive Industry practice.

    . . .

    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.

  • Aerobraze Corporation

    Aerospace & Defense

    Manufacturer engaged in heat treating and brazing of aerospace components

    Financial advisor for RDK Capital Limited Partnership (Cleveland, OH) as purchaser of the company's assets out of a Chapter 11 case

  • AESCO Electronics, Inc.

    Electric & Electronic Components

    Provider of electronics contract manufacturing and distribution

    Sold to: AirBorn Inc. (Addison, TX)

    AESCO Electronics, Inc.

    Western Reserve served as exclusive investment banker to AESCO Electronics, Inc. in its sale to AirBorn Inc., a leading manufacturer of electronic components and provider of value-added services based in Addison, Texas.

    Headquartered in Akron, Ohio, AESCO is a full service, ISO Certified electronic contract manufacturer and electronic distributor.  The company’s products range from individually populated circuit boards to completely assembled and tested systems.  AESCO serves a diverse group of customers, including electronic manufacturers of medical instrumentation, military electronics, semiconductor instruments, industrial controls and commercial products

    “AESCO is an outstanding company with a long history of providing high quality design and manufacturing services to its customer base,” said Cindy Lewis, CEO of AirBorn. “At a time when U.S. defense budgets are projected to continue declining over the next decade, this acquisition will complement our current business, build new opportunities and significantly advance our vision of providing value added solutions to our customers.”

    By adding 300 employees from AESCO, AirBorn will increase its employee base by 30% to approximately 1,400 employees. The acquisition of AESCO also increases AirBorn’s bottom line. Combined sales for AirBorn are approximately $160 million.

    “With AirBorn’s strong position and history in defense markets, we see an acceleration of our long-term market growth plans. We are very much looking forward to becoming an important part of the AirBorn team,” said Roger Engle, president of AESCO.

    Leading the transaction for Western Reserve were Managing Director Mark Filippell and Director Kevin Mayer, supported by Associate Ante Turcinov and Analyst Jessica Fleck.

    “This sale to Airborn is a great outcome for all AESCO stakeholders,” said AESCO Chief Executive Officer William Feth.  “The team at Western Reserve did an outstanding job in advising our senior management and Board of Directors on the best business and legal structure  to frame an advantageous deal with Airborn.  They were extremely helpful in breaking several negotiation logjams during the extended discussion process.  The combination with Airborn represents the best strategic outcome for all of our stakeholders.  Western Reserve’s keen understanding of our business model and competitive landscape were essential in delivering superior value.”

    . . .

    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.

  • Airflow Research and Manufacturing Corp.

    Automotive

    Engineering and manufacturing of ultra-high efficiency automotive fans

    Sold to: Robert Bosch, GmbH (Stuttgart, Germany)

  • AL Tech Specialty Steel Corp.

    Metals

    Processor of stainless steel billets into long products

    Financial advisor for the company in its Chapter 11 case; sold to Atlas Steel Inc. (Ontario, Canada)

  • Albion Wire Inc.

    Electric & Electronic Components

    Drawing, stranding and bunching of fine wire at four plants in Indiana and Texas

    Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst (Dallas, TX); provided fairness opinion

  • Allied Corporation (Bendix Industrial Group subsidiary)

    Automotive

    Multi-plant designer and manufacturer of custom and standard machine tools

    Sold to: Cross & Trecker Corporation (Detroit, MI)

  • Allied Corporation (Comau Spa subsidiary)

    Automotive

    Designer and manufacturer of machine tools, assembly machines, automation equipment and robotics

    Sold 30% interest to: FIAT Spa (Torino, Italy)

  • Allied Die Casting & Manufacturing (Bankruptcy Estate of Grabill Corporation)

    Metals

    Manufacturer of aluminum die castings

    Financial advisor for the company in its parent's Chapter 11 case; sold to: RCM Corporation (Akron, OH)

  • American Augers Inc.

    Energy, Power & Infrastructure

    Manufacturer of directional drilling machines and auger boring drills

    Sold to: Astec Industries (Chattanooga, TN)

  • American Bumper & Manufacturing Company

    Automotive

    Manufacturer of automotive and light truck bumper systems

    Sold to: Windward Capital Partners (New York, NY)

  • American Compressed Steel, Inc.

    Metals

    Recycler of ferrous and non-ferrous scrap metal and demolition contractor

    Sold to: The David J. Joseph Company (Cincinnati, OH), a subsidiary of Nucor Corporation (Charlotte, NC)

    American Compressed Steel, Inc.

    Western Reserve acted as exclusive financial advisor to American Compressed Steel Inc. (“ACS”) in its sale to The David J. Joseph Company (“DJJ”), a wholly owned subsidiary of Nucor Corporation (NYSE:NUE).

    Founded in the 1930s and based in Kansas City, Missouri, ACS was purchased in 1974 by Maurice Warshawsky and his sons. It has since grown to become a leading Midwest scrap metal processor. With three strategically located Missouri-based facilities, ACS processes both ferrous and nonferrous scrap, with a focus on industrial accounts.

    ACS’ shareholders elected to explore a potential sale of the company and identify a partner with the resources to support the management team’s growth plans. ACS retained Western Reserve as its exclusive investment banker who advised the company through a highly confidential, but competitive, process.

    ACS was acquired by DJJ in August 2008. Headquartered in Cincinnati, Ohio, DJJ is a world leader in scrap processing and trading. The company provides a full line of metal-related services, including procurement services for scrap consumers, ferrous and nonferrous scrap trading and processing and international scrap and substitutes marketing. Immediately preceding its acquisition of ACS, DJJ acquired and renamed ACS’ primary competitor, Galamba Metal Group, LLC to Advantage Metals Recycling, LLC. Post-transaction DJJ combined the operations of ACS and Advantage Metals and is expected to benefit from the synergies of the two companies, including significant cross-selling opportunities and the ability to provide an expanded variety of services to its customers. Arnold Warshawsky, Jeffrey Ross, Anthony Ross and Allan Ross, who helped acquire ACS with their father/step-father, continue to play an active role in the company and oversee its daily operations.

    Anthony Ross, Vice President of ACS, said, “We are pleased with Western Reserve and their commitment to obtaining the highest value for ACS’ shareholders. As advisors, they successfully helped us in evaluating and selecting a great strategic partner whose corporate culture fits well with our values. Western Reserve’s dedication to providing quality and timely client service pervades within the entire firm, and we are fortunate to be represented by advisors of such high caliber.”

    . . .

    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.

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

    Metals

    Distributor of fasteners to hardware retailers

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

  • American Precision Industries Inc.

    Electric & Electronic Components

    Multi-national manufacturer of high performance precision motion control products and systems and heat transfer equipment

    Sold to: Danaher Corp. (Washington, DC); provided fairness opinion

  • American Roll Formed Products

    Metals

    Manufacturer of roll formed products

    Provided valuation services

  • Amweld Building Products Inc.

    Building Products & Materials

    Manufacturer of custom and standard hollow metal doors

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

  • Anaheim Manufacturing Company

    Building Products & Materials

    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

    Chemicals, Plastics & Packaging

    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.

  • Apex Corporation

    Aerospace & Defense

    Manufacturer of high precision jet turbine components and assemblies

    Sold to: RDK Capital LP (Cleveland, OH)

  • ARNCO Corporation

    Chemicals, Plastics & Packaging

    Manufacturer of HDPE conduit

    Sold to: Audax Group (Boston, MA)

    ARNCO Corporation

    Western Reserve acted as exclusive financial advisor to ARNCO Corporation in its sale to Audax Group.

    Founded in 1974 as ARNCO Equipment Sales Inc., ARNCO is the North American leader in developing and manufacturing high-quality, high-density polyethylene (“HDPE”) conduit used primarily by the telecommunication and energy industries.  Headquartered in Elyria, Ohio, ARNCO also manufactures and markets a fully integrated, cost-effective “system” of materials and placing equipment designed to make the entire cable installation process faster and easier.  ARNCO sells its customized products and system solutions to the power utility, electrical, telecommunication, cable TV, data communication and pressure pipe industries.

    The shareholders of ARNCO elected to explore a potential sale of the company for estate-planning purposes and to identify a partner with the financial resources to support the company’s growth strategy.  ARNCO retained Western Reserve as its exclusive investment banker who advised the company through a highly confidential, but competitive, process.

    ARNCO was recapitalized by Audax in March 2007.  Robert F. Smith, ARNCO’s Chairman, invested alongside Audax in the transaction.  Headquartered in Boston, Massachusetts, Audax is a leading investor in lower-middle market companies.  At the time of the transaction, Audax simultaneously acquired a chief competitor of ARNCO’s, Dura-Line Corporation, and ARNCO was expected to benefit from the combined synergies of the two companies, including significant cross-selling opportunities and access to international markets.

    Mr. Smith said, “The Western Reserve team worked hard to achieve the best possible result for ARNCO’s shareholders and employees.  They gave us extraordinary customer service and were with us every step of the way.  They did a terrific job in 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.

  • Artesian Plumbing Products Inc.

    Building Products & Materials

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

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

  • ARTS Technology Inc.

    Metals

    Aluminum dross recycling company

    $7 million in venture capital placements for common stock

  • Atlas Foundry and Machine Co. (Bankruptcy Estate of TIC United Corporation)

    Metals

    Very large part, exotic metal foundry

    Financial advisor for the company in its parent's Chapter 11 case; sold to Snyder Family Partnership, Ltd. (Dallas, TX)

  • Auburn Foundry Inc.

    Metals

    Gray and ductile iron foundry

    Provided valuation and financial advisory services for the company in its Chapter 11 case

  • AVM Holdings Inc.

    Automotive

    Holding company established to acquire manufacturer of hydraulic cylinders and actuators for the OEM and aftermarket automotive industry

    Raised acquisition financing

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

    Aerospace & Defense

    Provider of highly engineered control and automation products and solutions for heavy industries

    Sold to: Nidec Corporation (Kyoto, Japan)

    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.

  • Avtron Manufacturing, Inc.

    Electric & Electronic Components

    Designer and manufacturer of highly technical electrical control and test equipment for a range of industries

    Sold to: Morgenthaler Partners (Cleveland, OH)

    Avtron Manufacturing, Inc.

    Western Reserve acted as exclusive financial advisor to Avtron Manufacturing, Inc. in its recapitalization by Morgenthaler Partners.

    Avtron, headquartered in Independence, Ohio, designs, engineers and manufactures highly technical electrical control and test equipment for several industries including aerospace, metals, mining, pulp and paper and alternative energy.  The Company operates in three divisions: Aerospace, Industrial Automation and Load Banks.  The Aerospace Division manufactures test equipment for airplane components.  The Industrial Automation Division manufactures encoders and industrial automation systems used in various manufacturing and heavy industrial applications.  The Load Bank Division manufactures equipment to test back-up power generators and alternative energy sources.

    The shareholders of Avtron engaged Western Reserve as its exclusive investment banker to assist in exploring the sale of the company to achieve liquidity and initiate a succession plan for senior management.  Western Reserve introduced Avtron to a select group of buyers, assisted in negotiating the terms and conditions of the deal and helped draft the definitive purchase agreement.

    Avtron was recapitalized by Morgenthaler in November 2007.  Based in Cleveland, Ohio, Morgenthaler is a private equity firm specializing in middle market investments.  Through a complex deal structure, which maximized the value paid to shareholders, Avtron created three separate LLCs that were subsequently acquired by Morgenthaler Partners.  The shareholders of Avtron reinvested, side-by-side, with Morgenthaler to retain a significant ownership interest in the company and share in the economic benefit of the company’s future growth potential.  They continue to manage the business.

    Bob Fritz, President and Chief Executive Officer of Avtron, said, “Western Reserve went beyond my concept of what was included in marketing a company.  During crucial stages in the deal process, Western Reserve not only advised us on what needed to be done, but stepped in and did it.”

    . . .

    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.

  • Baker Hughes Inc.

    Energy, Power & Infrastructure

    Provides consulting, drilling, completions, pressure pumping and production products and services to the oil and gas industry

    Sale leaseback of the company's corporate headquarters

  • Beldon & Blake Corporation

    Energy, Power & Infrastructure

    Independent oil and gas exploration and production company

    $35 million senior note placement

  • Bethlehem Steel Corporation

    Metals

    One of the nation’s largest and oldest integrated steel producers ($6+ billion indebtedness)

    Financial advisor for the unsecured creditors’ committee in the company’s Chapter 11 case; sold to International Steel Group (Cleveland, OH)

  • Bettcher Industries (Stein Associates Inc. subsidiary)

    Capital Goods

    Manufacturer of food preparation equipment for fish

    Sold to: Frigoscandia Contracting, AB (Helsingsborg, Sweden)

  • Bettcher Manufacturing

    Metals

    Manufacturer of stamped metal products for the HVAC and refrigeration industry

    Arranged senior secured credit facility with a specialty finance company

  • Bevcorp LLC (subsidiary of Enprotech Corp.)

    Capital Goods

    Provider of equipment and equipment services to the beverage industry

    Acquired: FCI, Inc. (Cleveland, OH)

    Bevcorp LLC (subsidiary of Enprotech Corp.)

    Western Reserve Partners served as the exclusive investment banker to Bevcorp LLC in its acquisition of FCI, Inc. Western Reserve initiated the transaction, including identifying and contacting FCI on behalf of Bevcorp and assisted in the evaluation and negotiation of the transaction.

    Bevcorp, based in Willoughby, Ohio with additional operations in Kennesaw, Georgia,  is a full-service provider of can and bottle fillers, blenders, crowners, cappers, handling equipment, rinsers, refrigeration equipment and deaeration systems for customers in the carbonated soft drink, beer, water, juice, energy drink and non-carbonated beverage industries.  Bevcorp is a subsidiary of Enprotech Corp.

    Established in 1958, Cleveland, Ohio based-FCI is a leading manufacturer of aftermarket change parts to the beverage industry and supplier of specialized industrial parts.

    Chris Pascarella, Bevcorp’s President, commented, “We truly appreciate the hard work and dedication Western Reserve Partners provided at all stages of the transaction.  The guidance and advice provided by Western Reserve was essential to our successful completion of this acquisition.”

    . . .

    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.

  • Bevcorp LLC (subsidiary of Enprotech Corp.)

    Capital Goods

    Provider of equipment and equipment services to the beverage industry

    Acquired certain assets of: Adcor Packaging Group LLC (Baltimore, MD)

    Bevcorp LLC (subsidiary of Enprotech Corp.)

    Western Reserve Partners served as the exclusive financial advisor to Bevcorp LLC in its acquisition of certain assets of Adcor Packaging Group LLC. Bevcorp has acquired the beverage filling intellectual property and inventory assets of Adcor.  The acquisition also allowed Bevcorp LLC to become the owner of the OEM technology to provide customers OEM quality filling equipment and parts manufactured using original Crown Cork & Seal and Crown Simplimatic intellectual property.

    Bevcorp, headquartered in Willoughby, Ohio, is a leading manufacturer of American-made, high-speed, hot and cold bottle and can fillers, MicroBlend blenders and container handling equipment for the beverage industry. Bevcorp provides additional manufacturing in Kennesaw, Georgia and is a subsidiary of Enprotech Corp.

    Chris Pascarella, Bevcorp’s President, said, “I appreciate the guidance Western Reserve provided throughout this transaction process.  With Western Reserve’s assistance, we will continue to pursue strategic acquisitions that will enable Bevcorp to expand our engineering, sales and services to our global customer base.”

    . . .

    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.

  • Black & Veatch Corporation

    Energy, Power & Infrastructure

    Global engineering, consulting and construction

    Sale leaseback of a facility

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

    Automotive

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

    Sold to: Sunderland Holdings Corp.

  • Bock Products Inc.

    Building Products & Materials

    Leading manufacturer of heavy duty rectangular structural tubing

    Sold to: Bull Moose Tube Co. Subsidiary (St. Louis, MO) of Caparo Industries plc (London, England)

  • Brittany Stamping

    Automotive

    Manufacturer of stamped metal products for the automotive, heavy-duty truck, HVAC and refrigeration industries

    Sold certain assets to: North American Stamping Group LLC (Ontario, Canada)

  • Bronx International Inc.

    Energy, Power & Infrastructure

    Provider of steel & non-ferrous mill finishing equipment

    Sold to: Fives Group (Paris, France)

    Bronx 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 EUR 1.0 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.

  • Brunswick Technologies Inc.

    Chemicals, Plastics & Packaging

    Manufacturer of stitchbonded engineered composite reinforced fabrics made from fiberglass, carbon and other fibers

    Sold to: Saint-Gobain (Paris, France); provided fairness opinion

  • Bryan Steam Corporation

    Capital Goods

    Manufacturer of specialized water tube boilers

    Sold to: Burnham Corporation (Lancaster, PA)

  • CA Hubbard Paper Co. (Bankruptcy Estate of Kapaco Corp.)

    Chemicals, Plastics & Packaging

    Converter of specialty paper products

    Financial advisor for the company in its parent's Chapter 11 case; sold to Kalfact Acquisition Corp. (Greenville, MI)

  • Caldwell Group

    Energy, Power & Infrastructure

    Manufacturer of water, industrial and process storage tanks and related systems

    Recapitalized by: Fifth Third Bank

    Caldwell Group

    Western Reserve acted as financial advisor to Caldwell Group LLC in its recapitalization by Fifth Third Bank.

    Caldwell is a preeminent designer and manufacturer of elevated and ground-level potable water storage tanks, industrial storage and processing tanks and power augmentation systems.  The company provides engineering, manufacturing, field construction and project management services in each segment of its operations and is one of just a few companies to offer full turnkey capabilities.  Caldwell also provides ancillary services such as maintenance programs, painting and civil (concrete) construction.  The company operates both as a manufacturer, fabricating the tanks’ parts at its facilities (located in Louisville, Kentucky and Newnan, Georgia) and a contractor, erecting and supporting the tank structures and power systems in the field.  Caldwell has operated for more than 120 years, evolving from a wooden tank manufacturer for railroad stops into the nation’s leading innovator of welded steel storage tanks.

    Western Reserve was retained by the shareholders of Caldwell to find a financial partner that would provide partial liquidity and help accelerate the growth of the business.  Caldwell was recapitalized by Fifth Third Bank in February 2010.  The transaction allowed the company’s founders to achieve partial liquidity, retain control and establish an incentive equity and option plan for key managers.

  • Caldwell Group

    Energy, Power & Infrastructure

    Manufacturer of water, industrial and process storage tanks and related systems

    Provided valuation opinion

  • Capitol Technologies Inc. (Bankruptcy Estate of Grabill Corporation)

    Capital Goods

    Designer and manufacturer of machine tools, dies and fixtures

    Financial advisor for the company in its parent's Chapter 11 case; sold to HCT Acquisition, Inc. (South Bend, IN)

  • CARCO S.R.L.

    Capital Goods

    Manufacturer of customized large-diameter sealing solutions for heavy industrial applications

    Acquired: Polymer Concepts Technologies, Inc. (Apple Valley, CA)

    CARCO S.R.L.

    Western Reserve Partners announced that it served as the exclusive financial advisor to CARCO S.R.L. (“Carco”) in its acquisition of Polymer Concept Technologies, Inc. (“PCTI”). Western Reserve provided Carco with a customized buy-side process, including building a pipeline of candidates, engaging prospects, valuing the businesses, conducting due diligence, negotiations and closing. The acquisition of PCTI represents Carco’s first manufacturing location in the U.S.

    Headquartered in Apple Valley, California, PCTI is an industry leading designer and manufacturer of polymer seals for the aerospace, industrial and defense markets. PCTI’s polymer seals are utilized in applications which operate under extreme temperature and friction conditions and require enhanced performance compared to conventional elastomeric sealing solutions. With over 20 years of experience, PCTI maintains a nationally recognized standard for quality, earning the Company AS 9100C and ISO 9001:2008 certifications.

    Founded in 1900 and headquartered in Milan, Italy, Carco is a leading manufacturer of customized large-diameter sealing solutions for heavy industrial applications. Carco has built a global and growing presence with four locations worldwide. The Company produces rubber, metal and thermoplastics sealing solutions for the metal forming, marine, hydropower, windpower and tunnel boring industries.

    “Western Reserve’s team provided an incredible amount of insight and assistance throughout this process. The team was helpful, responsive and ensured that we achieved the desired result. I’m looking forward to getting the next one done with them,” said Andrea Chalp, President of Carco.

    “The acquisition of PCTI was a critical first step in Carco’s growth plan. The complementary cultures, products and markets of these two companies make for a great combination and we are honored to have been able to help make it happen,” said Mr. 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.

  • Carlisle Construction Company Inc.

    Capital Goods

    Provider of excavation equipment and crane rental services

    Sold to: Anthony Crane Rental Holdings, L.P. (Pittsburgh, PA)

  • Carpenter Body Works Inc.

    Automotive

    Manufacturer of school bus bodies

    Financial advisor for the company in its Chapter 11 case; sold to CBW, Inc. (Mitchell, IN)

  • Challenger Wrecker Manufacturing Inc. (Bankruptcy Estate of Grabill Corporation)

    Automotive

    Company involved in engineering and fabrication of wrecker vehicles

    Financial advisor for the company in its parent's Chapter 11 case; sold to: B&B Industries, Inc. (Norcross, GA)

  • Chart Industries Inc.

    Capital Goods

    Supplier of standard and custom-engineered products and systems

    $49 million initial public offering of common stock

  • Chart Industries Inc.

    Capital Goods

    Supplier of standard and custom-engineered products and systems

    $68 million follow-on offering of common stock

  • Chemitrol Chemical Co.

    Metals

    Manufacturer of large propane and ammonia tanks

    Sold to: Harsco Corporation (Camp Hill, PA)

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

    Automotive

    Manufacturer and wholesaler of custom automotive tools

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

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

    Chemicals, Plastics & Packaging

    Distributor of fertilizers and other agricultural and turf products

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

  • Chemtura Corporation (oleochemical division)

    Chemicals, Plastics & Packaging

    Manufacturer and supplier of oleochemicals and specialty derivatives sold to the personal care, plastics, food and pharmaceutical markets

    Sold to: PMC Group (Mount Laurel, NJ)

  • CHT Nuclear, LLC

    Energy, Power & Infrastructure

    Manufacturer of transportation and storage equipment for radioactive materials

    Sold to: Transnuclear, Inc. (Columbia, MD), a U.S. division of Areva SA (Paris, France)

    CHT Nuclear, LLC

    Western Reserve Partners served as the exclusive investment banker to CHT Nuclear, LLC in the sale of the business to Transnuclear, Inc., an indirect  subsidiary of AREVA North America, which itself is a subsidiary of Paris, France-based AREVA SA. The transaction was led by Managing Director Mark Filippell and Vice President Rebecca White of the firm’s Industrial group.

    Headquartered in Greensboro, North Carolina, CHT is a world leader in the manufacture of nuclear fuel cycle products serving the transportation and storage markets, including fresh unirradiated fuel, spent irradiated fuel, research reactor and medical isotopes. CHT is a holder of numerous Certificate of Compliance  and Quality Assurance approvals, as issued by world regulators.

    “CHT has created a unique niche in the nuclear storage and transport industry,” said Mr. Filippell. “We are pleased to have assisted CHT in solidifying a highly strategic sale to Areva.”

    Thomas Dougherty, CHT’s Chief Executive Officer said, “We truly appreciated Western Reserve’s advice and support as we explored strategic alternatives for CHT. Mr. Filippell and Ms. White’s dedication to the process helped ensure a great outcome for the company.”

    . . .

    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.

  • Cimarron Central LLC

    Energy, Power & Infrastructure

    Designer, manufacturer and marketer of gas processing equipment

    Merger of Cimarron Gas Processing Equipment Company, Inc. (Guymon, OK) and Central Tank of Oklahoma, Inc. (Marlowe, OK) and capitalization of new entity

    Cimarron Central LLC

    Western Reserve acted as exclusive financial advisor to Cimarron Central LLC in its formation and capitalization as a result of the merger of Cimarron Gas Processing Equipment Company, Inc. and Central Tank of Oklahoma, Inc.

    Cimarron Gas and Central Tank had worked together for more than ten years, Cimarron Gas as the designer and marketer of separation and dehydration equipment to oil and gas customers and Central Tank as the manufacturer.  The merger of the two companies formalized the historic relationship and created a unified management organization and consistent ownership structure.

    Western Reserve worked with the leadership of Cimarron Central to find the best financing package to refinance existing debt, provide liquidity for the selling Central Tank shareholders and finance ongoing general corporate financing requirements.  Western Reserve helped Cimarron Central develop a capital raising strategy, identify potential lenders and negotiate the structure and terms of the financing.  Cimarron Central closed a transaction with National City Bank, a leading middle market lender located in Cleveland, Ohio, in October 2005.  The combined company was well positioned and fully capitalized to dominate the oil and gas separation and dehydration equipment market in the Rocky Mountain region.

    In August 2007, Western Reserve acted as exclusive financial advisor to Cimarron Central in its sale to Linx Partners.  Cimarron Central’s Chief Executive Officer John Moore said, “Western Reserve has been a very special partner of Cimarron as we’ve executed our financial and operating strategy. They have been and will continue to be a trusted financial advisor to us as we look to grow our business over the next few 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.

  • Cimarron Central LLC

    Energy, Power & Infrastructure

    Designer, manufacturer and marketer of gas processing equipment

    Sold to: Linx Partners (Scarsdale, NY)

    Cimarron Central LLC

    Western Reserve acted as exclusive financial advisor to Cimarron Central LLC in its sale to Linx Partners.  This transaction represented the firm’s second engagement by Cimarron, as Western Reserve assisted the company its 2005 formation and capitalization.

    Headquartered in Guymon, Oklahoma, Cimarron designs, engineers and manufactures a line of mission critical, highly engineered equipment, systems and services used in the production and processing of natural gas.  The company’s product lines include production and process separators, natural gas dehydrators, combination separator/dehydrator units and specialty items.  Cimarron’s equipment is specifically designed and manufactured to work within the extreme conditions and requirements of the Rocky Mountain Region.

    Cimarron’s shareholders decided to explore a sale of the company to achieve partial liquidity and identify a financial partner supportive of their growth strategy.  Cimarron retained Western Reserve as its exclusive investment banker to assist in the process, and through a highly competitive process, Western Reserve marketed the company to a select group of financial and strategic buyers, facilitated the negotiation of the transaction price and helped draft the purchase agreement.

    Cimarron was acquired by Linx in August 2007.  Based in Scarsdale, New York, LINX is a private equity investment firm that partners with management to acquire and grow middle-market industrial companies.  Key members of Cimarron’s senior management team partnered with Linx in its investment and remain significant shareholders of the company.

    John Moore, Cimarron’s Chief Executive Officer, said, “Western Reserve has been a very special partner of Cimarron as we’ve executed our financial and operating strategy. They have been and will continue to be a trusted financial advisor to us as we look to grow our business over the next few 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.

  • Clark Testing

    Energy, Power & Infrastructure

    Provider of testing services primarily to the mining, petrochemical, power generation and heavy equipment industries

    Provided valuation services

  • Claymont Steel Holdings, Inc.

    Metals

    Steel mill specializing in heavy gauge steel plate

    Provided fairness opinion in sale to Evraz Group S.A. (Luxembourg)

    Claymont Steel Holdings, Inc.

    Western Reserve provided a fairness opinion to the Board of Directors of Claymont Steel Holdings, Inc. in the company’s sale to Evraz Group S.A.

    Claymont Steel Holdings, Inc., based in Claymont, Delaware, is the only mini-mill in North America specializing in the manufacture and sale of high quality custom discrete steel plate.  The company serves all major plate markets, including service centers, bridge fabricators, railcar manufacturers, material handling equipment, heavy construction machinery, mining equipment, storage tanks, pressure vessels and shipbuilding.

    Evraz approached Claymont Steel with a series of proposals for a possible transaction.  Headquartered in Luxembourg, Evraz is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, USA, Canada and South Africa.

    Western Reserve was selected to provide Claymont Steel’s Board of Directors with an independent valuation of the company and to serve as a resource in the Company’s ongoing negotiations with Evraz.  The written opinion and a summary of Western Reserve’s analysis were included in Claymont Steel’s solicitation statement filed with the SEC, and the transaction was consummated in January 2008.

    Claymont Steel’s Chief Executive Officer Jeff Bradley commented, “Western Reserve provided outstanding service as our company undertook the single most important transaction in its history, delivering high-quality and timely analysis and advice to the Board of Directors during the 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.

  • Cleveland Machine Controls Inc.

    Electric & Electronic Components

    Manufacturer of industrial drives, drive systems and sensors

    Sold to: International Motion Control Corp. (Orchard Park, NY)

  • Cohesant Inc.

    Chemicals, Plastics & Packaging

    Protection and renewal of drinking water distribution and wastewater collection systems; also engaged in the manufacture of specialty coatings and equipment used to apply such coatings

    Provided fairness opinion for the company's reverse stock split

    Cohesant Inc.

    Western Reserve Partners provided the fairness opinion to the Board of Directors of Cohesant Inc. in connection with the company’s 1-for-50,000 reverse stock split, which was announced on December 5, 2011 and approved by the Board on December 19, 2011.  Cohesant, based in Beachwood, Ohio, is engaged in the protection and renewal of drinking water distribution and wastewater collection systems for municipal and industrial infrastructure.  The company also designs, develops and manufactures specialty coatings and equipment used to apply such coatings.  Cohesant markets its products under numerous trade names, including Raven and AquataPoxy.

    Morris H. Wheeler, Cohesant’s Chairman and Chief Executive Officer, previously indicated that there was a lack of liquidity in the market for the company’s common stock.  Trading had diminished significantly since Cohesant ceased to be an SEC-reporting company in July 2008, and the reverse stock split transaction allows stockholders owning less than 50,000 shares the opportunity to receive fair value for their shares in a simple and cost-effective manner.

    Western Reserve, a FINRA-regulated broker / dealer, was engaged by the Board of Directors to provide an independent opinion as to the fairness, from a financial point of view, of the consideration received in connection with the reverse stock split.  Leading the assignment for Western Reserve were Managing Director Mark Filippell and Director Charles Aquino.

    “We were pleased to be of service to Cohesant’s Board of Directors in their efforts to move the company forward,” said Mr. Filippell.

    Regarding Western Reserve’s role, Cohesant President and Chief Executive Officer, Morris H. Wheeler, commented, “The team at Western Reserve provided the Board with excellent service during this critical phase of the process.”  He added, “Their understanding of the market and valuation guidance greatly assisted the Board in determining the metrics of the deal, and their ability to render the opinion in a timely, independent manner allowed us to deliver real value to the 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.

  • Cohesant Technologies, Inc. (GlasCraft subsidiary)

    Building Products & Materials

    Protection and renewal of water systems, manufacturer of plastics equipment and specialty coatings

    Provided fairness opinion and tax appraisal in sale of GlasCraft subsidiary to Graco, Inc. (Minneapolis, MN) and spin off of CIPAR subsidiary to current shareholders

    Cohesant Technologies, Inc. (GlasCraft subsidiary)

    Western Reserve provided a fairness opinion to the Board of Directors of Cohesant Technologies, Inc. in the divestiture of its GlasCraft subsidiary to Graco Inc.

    Cohesant Technologies, Inc. (AMEX: COHT), through its subsidiaries, engages in the protection and renewal of drinking water distribution systems and wastewater collection systems for municipal, industrial, commercial and residential infrastructure.  Cohesant’s GlasCraft subsidiary manufactures and distributes equipment for applying materials such as fiberglass, polyurethane foam and industrial protective coatings.

    The Board of Directors of Cohesant reached a definitive agreement for the sale of its GlasCraft subsidiary to Graco Inc. (NYSE: GGG), a leading provider of fluid handling systems and components.  Western Reserve was engaged to provide Cohesant’s Board of Directors with a fairness opinion regarding the sale, along with a valuation for tax purposes, of the remaining subsidiaries of Cohesant that were spun-out to the shareholders.  The transaction was consummated in February 2008.

  • Cold Metal Products Inc.

    Automotive

    Manufacturer of strip steel and sheet steel for automotive, construction, cutting tools, and consumer goods as well as specialty steel distributors

    $30 million initial public offering of common stock

  • Cold Metal Products Inc.

    Automotive

    Manufacturer of strip steel and sheet steel for automotive, construction, cutting tools, and consumer goods as well as specialty steel distributors

    Financial advisor for the secured creditor group in the company’s Chapter 11 case; valuation of assets for division of sale proceeds

  • Columbiana Hi Tech, LLC (“CHT Nuclear”)

    Metals

    Manufacturer of transportation and storage equipment for radioactive materials

    Provided valuation services

  • Computational Systems Inc.

    Electric & Electronic Components

    Developer and provider of highly engineered predictive maintenance equipment and services

    Sold to: Emerson Electric Company (St. Louis, MO); provided fairness opinion

  • Computational Systems Inc.

    Electric & Electronic Components

    Developer and provider of highly engineered predictive maintenance equipment and services

    $22 million initial public offering of common stock

  • Cooper Industries Inc. (Sharon Manufacturing Co. subsidiary)

    Automotive

    Manufacturer of automotive OEM engine components

    Sold to: Walbro Corporation (Cass City, MI)

  • Cosmotronic

    Aerospace & Defense

    Manufacturer of printed circuit boards primarily for aerospace and defense end markets

    Sold to: Thayer Capital Partners (Washington, D.C.)

  • CPI Engineering Services Inc. (portfolio company of Mason Wells)

    Chemicals, Plastics & Packaging

    Formulator and manufacturer of synthetic lubricants for the refrigeration and air compressor industries

    Sold to: Lubrizol Corporation (Cleveland, OH)

  • CWS Industries (Mfg) Corp.

    Energy, Power & Infrastructure

    Manufacturer of attachments, cabs and conversions for heavy equipment used in the mining, oil and gas, forestry, agriculture and construction industries

    Sold to: International Equipment Solutions, LLC (Oakbrook, IL), a portfolio company of KPS Capital Partners, LP (New York, NY)

    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.

  • CWS Industries (Mfg) Corp. (LANTEC Winch & Gear subsidiary)

    Energy, Power & Infrastructure

    Designs and manufactures specialized winches, hoists, planetary gear drives, brakes and clutches for the energy, construction and marine industries

    Sold to: Tulsa Winch Group (Jenks, OK), a Dover Company

    CWS Industries (Mfg) Corp. (LANTEC Winch & Gear subsidiary)

    Western Reserve acted as exclusive financial advisor to CWS Industries (Mfg) Corp. in its divestiture of its LANTEC Winch & Gear Inc. subsidiary to Tulsa Winch Group, an operating company within the Material Handling platform of Dover Corporation’s (NYSE: DOV) Industrial Products segment.

    LANTEC designs and manufactures specialized winches, hoists, planetary gear drives, brakes and clutches for the offshore drilling, oil and natural gas, construction and marine industries.  Founded in 1965 and based in Langley, British Columbia, the company competes in the markets it serves by offering superior service and design and application knowledge.

    LANTEC’s shareholders sought to divest the company from its parent company to focus on its core operations and engaged Western Reserve to assist in identifying a strategic partner for the business.

    LANTEC was acquired by Tulsa Winch Group in February 2008.  Based in Jenks, OK , Tulsa Winch Group is a worldwide leader in the manufacture of winch, gearbox and load monitoring systems serving the infrastructure, onshore oil and gas, utility, towing and recovery and marine markets. It is comprised of five companies that produce industry-specific geared and electronic solutions: Tulsa Winch Inc., dp Manufacturing Inc., Greer Company, Vancouver, B.C.-based Pullmaster Winch Corporation, and now LANTEC.

  • Damon Corporation

    Automotive

    Manufacturer and marketer of RVs, towables and recreational park trailers

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

  • Dan T. Moore Company, Inc.

    Automotive

    R&D and acquisition entity and business incubator focused on the industrial sector

    Acquired: Delaware Machinery and Tool Company, Inc. (Muncie, IN) as the winning bid in a receivership sale

    Dan T. Moore Company, Inc.

    Western Reserve acted as exclusive financial advisor to Dan T. Moore Company, Inc. in its acquisition of Delaware Machinery and Tool Company, Inc.

    Dan T. Moore Company, Inc., founded in 1969 and based in Cleveland, Ohio, is an R&D and acquisition entity and business incubator focused on the industrial sector.

    Delaware Machinery and Tool Company, Inc., founded in 1938 and based in Muncie, Indiana, is a leader in the full service design, engineering, manufacturing, testing and sampling of highly complex tools utilized to manufacture die cast components for the automotive, defense, medical and other industrial markets.

    Delaware was placed into receivership by the Delaware County Circuit Court after defaulting with its senior lender.  Western Reserve assisted Dan T. Moore Company in rapidly preparing a bid model and developing a bid strategy.  Through numerous discussions with Delaware’s receiver, senior creditors and legal parties, Dan T. Moore Company was able to develop and present a detailed model to receive pre-approved financing  and credibly bid on Delaware’s assets.  At the December 2010 auction, Dan T. Moore Company topped the stalking horse bid and was declared the new owner of Delaware Machinery and Tool Company.

  • Data Circuit Systems

    Electric & Electronic Components

    Quick-turn provider of multilayer printed circuit boards and related engineering solutions

    Sold to: Merix Corp. (Beaverton, OR)

  • Decanter Machine, Inc.

    Energy, Power & Infrastructure

    Manufactures and repairs screen bowl, solid bowl and hyperbaric centrifuges for mineral processing applications

    Sold to: FLSmidth & Co. A/S (Copenhagen, Denmark)

    Decanter 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.

  • Defiance Inc.

    Automotive

    Manufacturer of cam roller followers

    Provided fairness opinion in the sale to The General Chemical Group, Inc. (Hampton, NH)

  • Dekko Wire, Inc.

    Automotive

    Manufacturer of automotive wire at four plants in Alabama and Texas

    Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst (Dallas, TX); provided fairness opinion

  • Delta Petroleum Company (portfolio company of The Riverside Company)

    Chemicals, Plastics & Packaging

    Independent provider of blending and packaging services of petroleum and glycol-based products

    Sold to: Greif Inc. (Delaware, OH)

  • Delta Petroleum Company, Inc. (Greif, Inc. subsidiary)

    Chemicals, Plastics & Packaging

    Provider of blending, packaging and warehousing services for lubricants and glycol-based products

    Certain stock and assets sold to: Clean Harbors, Inc. (NYSE: CLH) (Norwell, MA)

    Delta Petroleum Company, Inc. (Greif, Inc. subsidiary)

    Western Reserve Partners announced that it served as exclusive financial advisor to Greif, Inc. (NYSE: GEF, GEF.B) in the divestiture of Vulsay Industries, Ltd. and the New Orleans operating assets of Delta Petroleum Companies (collectively, “Delta”) to Clean Harbors, Inc. (NYSE: CLH).

    Delta is a leading third-party provider of blending, packaging and warehousing services for lubricants and glycol-based products for customers in a variety of markets.  Delta offers the most comprehensive oil and specialty chemical solutions in the industry.  With Delta, customers gain reliability in meeting highly exacting specifications, flexibility in offering a wide variety of product and service capabilities and responsiveness in meeting short lead times.

    Based in Delaware, Ohio, Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible and corrugated containers and containerboard, and provides reconditioning, blending, filling and packaging services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in 50 countries to serve global as well as regional customers.

    Clean Harbors, headquartered in Norwell, Massachusetts, is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Founded in 1980, Clean Harbors operates throughout the United States, Canada, Mexico and Puerto Rico.

    Ian Boyle, General Manager for Delta,  said, “Western Reserve led a comprehensive review of strategic alternatives for these non-core assets. This included a sale of each of the facilities separately and both of them combined.  We appreciate the tremendous amount of industry expertise and professionalism they demonstrated throughout this 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.

  • Detroit Paper Co. (Bankruptcy Estate of Kapaco Corp.)

    Chemicals, Plastics & Packaging

    Paper mill offering specialty paper products

    Financial advisor for the company in its parent's Chapter 11 case; sold to IVEX Corporation (Houston, TX)

  • Dexter Magnetic Technologies (portfolio company of Hamilton Robinson Capital Partners)

    Chemicals, Plastics & Packaging

    Fabricator of highly engineered magnetic assemblies

    Sold to: Levine Leichtman Capital Partners (Los Angeles, CA)

  • Drop Dies & Forgings Company

    Aerospace & Defense

    Manufacturer of high quality, specialty forgings from difficult to forge metals serving aerospace, heavy-duty trucks, and other markets

    Sold to: Precision Castparts Corporation (Portland, OR)

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

    Chemicals, Plastics & Packaging

    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)

  • Eagle-Picher Industries Inc.

    Aerospace & Defense

    Diversified manufacturer of automotive, aerospace, earth moving telecommunications and pharmaceutical products including diatomaceous earth and perlite

    Financial advisor for the company in its Chapter 11 case; reorganized pursuant to plan; provided appraisal

  • Eagle-Picher Industries Inc. (Orthane division)

    Automotive

    Manufacturer of highly engineered injection molded polyurethane seals and components

    Financial advisor for the company in its parent's Chapter 11 case; sold to: US Farathane (Royal Oak, MI)

  • Eagle-Picher Industries Inc. (Plastics division)

    Automotive

    Manufacturer of spoilers, interior trim products and interior lighting systems for the automotive industry (Class A paint capabilities)

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Cambridge Industries (Madison Heights, MI)

  • Eagle-Picher Industries Inc. (Trim and Lighting division)

    Automotive

    Manufacturer of automotive seating and other trim components

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Eagle Trim Inc. (Kalkaska, MI)

  • Eagle-Picher Industries Inc. (Urethane division)

    Automotive

    Manufacturer of urethane door trim panels, package trays, and energy absorption products for the automotive industry

    Financial advisor for the company in its parent's Chapter 11 case; sold to: The Becker Group Inc. (Warren, MI)

  • Eaton Corporation (Aeroquip air conditioning & refrigeration division)

    Metals

    Designer and manufacturer of specialized fluid conveyance and subassembles for air conditioners and refrigeration

    Sold to: Parker Hannifin Corp. (Cleveland, OH)

  • Eaton Corporation (suspension division)

    Automotive

    Manufacturer of automotive and light truck leaf springs

    Sold to: Oxford Automotive, Inc. (Troy, MI)

  • Electro-Mec Inc.

    Capital Goods

    Provider of repair services for industrial electric motors

    Sold to: Integrated Power Services (Greenville, SC), a portfolio company of the Riverside Company (Cleveland, OH)

  • Elyria Foundry Company

    Energy, Power & Infrastructure

    Grey and ductile iron foundry of investment grade castings

    Recapitalization via: Silverhawk Capital Partners (Greenwich, CT) and members of management

    Elyria Foundry Company

    Western Reserve acted as exclusive financial advisor to Elyria Foundry Company in its recapitalization by Silverhawk Capital Partners LLC and key members of Elyria’s senior management team.

    Founded in 1905 and headquartered in Elyria, Ohio, Elyria Foundry is the industry leader in providing medium and large-sized complex gray and ductile iron castings for critical applications in vital, domestic-sourced industries.  Elyria’s castings are primarily used in energy applications, including natural gas compression equipment and coal pulverizers for electric power generation.  Other applications include refrigeration, chillers, air conditioners, process machinery, air compressors and power and transmission equipment.

    Elyria’s shareholders decided to explore a recapitalization of the company to achieve partial liquidity and to identify a financial partner supportive of Elyria’s growth strategy.  Western Reserve was retained as the company’s exclusive investment banker to assist in the process.  Through a highly confidential but competitive process, Western Reserve introduced Elyria to a select group of financial sponsors, assisted in negotiating the transaction price and helped draft the purchase agreement.

    Elyria was recapitalized by Silverhawk and key members of Elyria’s senior management team in January 2007.  Based in Greenwich, Connecticut, Silverhawk is an independent investment group that invests in management buyouts and other private equity transactions in the industrial, energy, natural resources and business service sectors.  Post-transaction, Elyria’s senior management team continued to be involved with the company and remained significant shareholders.

    Sam Knezevic, Elyria’s Chief Operating Officer, said, “The Western Reserve team worked hard to achieve the best possible result for Elyria’s shareholders and employees.  They gave us extraordinary customer service.”

    . . .

    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.

  • Essef Corporation (Hobson Brothers subsidiary)

    Chemicals, Plastics & Packaging

    Integrated manufacturer of plastic blow-mold tooling

    Leveraged buyout involving management (Shell Rock, IA)

  • Excel Mining Systems, Inc.

    Energy, Power & Infrastructure

    Producer of roof bolts and related roof support control products to the U.S. underground coal mining industry

    Sold to: SPG Partners, LLC (New York, NY)

    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.

  • Fabwel Inc.

    Building Products & Materials

    Manufacturer of aluminum, steel, vinyl and sheet glass exterior building components

    Sold to: Fiberboard Corporation (Dallas, TX)

  • Fairmount Minerals

    Building Products & Materials

    Producer of industrial sand, primarily as proppant for the oil and gas industry

    Provided fairness opinion in sale to American Securities (New York, NY)

    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.

  • Fairmount Minerals (portfolio company of American Securities)

    Building Products & Materials

    Producer of industrial sand, primarily as proppant for the oil and gas industry

    Provided solvency opinion for recapitalization

  • Ferro Corporation

    Chemicals, Plastics & Packaging

    Diversified manufacturer of pigments, colorants, frit, specialty chemicals and pharmaceutical additives

    $139 million follow-on offering of common stock

  • Ferro Corporation (specialty ceramics division)

    Chemicals, Plastics & Packaging

    Manufacturer of ceramic components

    Sold to: CerCo LLC (Solon, OH)

  • FinishMaster Inc.

    Automotive

    Distributor of automotive paints to the automotive collision repair industry

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

  • FinishMaster Inc.

    Automotive

    Distributor of automotive paints to the automotive collision repair industry

    Provided fairness opinion for the repurchase of common stock

  • Fives North American Combustion, Inc. (Guiding Systems Business)

    Capital Goods

    Provider of guiding technologies including engineered systems, aftermarket parts and standard hardware solutions for the web handling industry

    Sold to: Maxcess International Corporation (Oklahoma City, OK), a portfolio company of Bertram Capital (San Mateo, CA)

    Fives North American Combustion, Inc. (Guiding Systems Business)

    Western Reserve Partners served as the exclusive advisor to Fives North American Combustion, Inc., a subsidiary of France-based Fives Group, in the divestiture of its Guiding Systems Business (“GS”) to Maxcess International Corporation, a portfolio company of Bertram Capital.

    Started in 1957, GS is a leading provider of innovative guiding technologies for the web handling industry throughout North America and internationally. GS provides engineered systems, aftermarket parts and complete standard hardware solutions as well as expert field technical service to equipment requiring precise monitoring, particularly in the metals, tire & rubber and printing & textile industries.

    Based out of Oklahoma City, Oklahoma, Maxcess is a designer and manufacturer of industrial rolls, converting components and specialized machinery for web handling and converting applications. Maxcess includes the brands of Webex, Fife, Tidland and MAGPOWR.

    Ronald McCullough, President and Chief Executive Officer of FNA, commented, “We are delighted that the GS business and employees will continue to thrive and grow here in Cleveland with a strong new partner. Western Reserve did an outstanding job representing FNA and GS in structuring the transaction and ensuring a successful outcome for all.”

    . . .

    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.

  • Flambeau Inc.

    Chemicals, Plastics & Packaging

    Manufacturer of plastic products

    Acquired: Partners in Plastics LLC (Sharon Center, OH)

    Flambeau Inc.

    Western Reserve Partners served as exclusive financial advisor to Flambeau Inc. in its purchase of Partners in Plastics LLC.  Flambeau purchased Partners in Plastics out of receivership from Key Bank in Cleveland, Ohio.

    Based in Sharon Center, Ohio, Partners in Plastics was founded in 1993 as a blow molder for Step2 Co.  Since then, the company has grown to be a major industrial blow molder serving the Midwest and Northeastern U.S. in the healthcare, lawn and garden, agriculture, consumer products, industrial and fuel tank markets.

    Flambeau is a Baraboo, Wisconsin-based manufacturer of plastic products.  It is a member of the Nordic Group of Companies, Ltd., a family-owned holding / management company consisting of subsidiaries with 22 service and manufacturing facilities around the world.

    “This acquisition allows us to better serve our contract customers with additional blow molding capacity in Ohio and the Midwest,” said Jason Sauey, President of Flambeau.  “We look to expand our support of more customers and applications with the additional reach and capacity this acquisition provides.”

    . . .

    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.

  • Flo-Tork

    Capital Goods

    Manufacturer of pneumatic and hydraulic rack and pinion rotary actuators

    Sold to: Moog Inc. (East Aurora, NY)

  • Forest City Auto Parts

    Automotive

    Fifty-store retail automotive parts chain

    Sold to: Tyler Corporation (Dallas, TX)

  • Four Wheel Drive Hardware Inc.

    Automotive

    Catalog retailer of Jeep aftermarket products

    Sold to: Pfingsten Partners LP (Deerfield, IL)

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

    Chemicals, Plastics & Packaging

    Provider of specialty and performance-driven chemicals used in the industrial, transportation and pulp and paper industries

    Sold to: DuBois Chemicals, Inc. (Sharonville, OH), a portfolio company of The Riverside Company (Cincinnati, OH)

    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.

  • General Electric Lighting Co. (commercial and industrial wiring device operations)

    Building Products & Materials

    Manufacturer of electrical outlets and wiring devices

    Sold to: Pass & Seymour Legrand (Paris, France)

  • Geneva Rubber Company

    Automotive

    Manufacturer of molded rubber products for the automotive industry

    Financial advisor for the company in its Chapter 11 case; sold to Park-Ohio Industries, Inc. (Cleveland, OH)

  • Georgetown Steel Company

    Metals

    Manufacturer of steel wire

    Financial advisor for the company in its Chapter 11 case; sold to International Steel Group (Richfield, OH)

  • Gerstenlager Company

    Automotive

    Manufacturer of exterior sheet metal components for the automotive service and original equipment markets

    Sold to: Worthington Industries, Inc. (Columbus, OH)

  • Gibraltar Steel Corporation

    Building Products & Materials

    Manufacturer of commercial and residential building products, metal processor and commercial heat treater

    $75 million placement of senior secured STEP notes

  • Gibraltar Steel Corporation

    Building Products & Materials

    Manufacturer of commercial and residential building products, metal processor and commercial heat treater

    $25 million placement of senior secured notes

  • Gibraltar Steel Corporation

    Building Products & Materials

    Manufacturer of commercial and residential building products, metal processor and commercial heat treater

    $25 million placement of senior subordinated notes

  • Gibraltar Steel Corporation

    Building Products & Materials

    Manufacturer of commercial and residential building products, metal processor and commercial heat treater

    $69 million follow-on offering of common stock

  • Gibson-Homans Company

    Building Products & Materials

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

    Sold to: Gardner Asphalt (Tampa, FL)

  • Grabill Corporation

    Automotive

    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

  • Gradall Industries Inc.

    Automotive

    Manufacturer of rough-terrain, variable-reach material handlers and telescoping hydraulic excavators

    $40 million initial public offering of common stock

  • Gradall Industries Inc.

    Automotive

    Manufacturer of rough-terrain, variable-reach material handlers and telescoping hydraulic excavators

    $24 million follow-on offering of common stock

  • Group Dekko International (comprises Pent Technologies, Inc. and Dekko Technologies, Inc.)

    Chemicals, Plastics & Packaging

    Provider of highly engineered electrical, wire, plastic and metal subcomponents and finished products for diverse end markets

    Sold to: Centre Partners Management LLC (New York, NY and Los Angeles, CA); provided fairness opinion

    Group Dekko International (comprises Pent Technologies, Inc. and Dekko Technologies, Inc.)

    Western Reserve acted as exclusive financial advisor to Pent Technologies, Inc. and Dekko Technologies, Inc., together comprising Group Dekko International, in their sale to Centre Partners Management LLC. Western Reserve also provided a fairness opinion to the Board of Directors in this transaction.

    Group Dekko, headquartered in Kendallville, Indiana, is a leading provider of highly engineered electrical, wire, plastic and metal subcomponents; finished products; and fixtures and related assemblies for the office furniture, transportation, lighting, appliance, medical device and consumer product end markets. Utilizing more than 190 active, pending and provisional patents, Group Dekko has a broad range of manufacturing and assembly capabilities, including metal forming, stamping, powder coating, plastic molding and extrusion, product assembly and built-to-order, highly customized products. The company employs more than 1,500 people in 30 modern facilities located in Indiana, Iowa, Alabama, Texas and Mexico.

    The Group Dekko constituent boards decided to explore a sale of the company to allow the shareholders to achieve liquidity while ensuring new ownership supportive of obligations to employees and constituents.  Through a competitive process, Western Reserve introduced Group Dekko to numerous financial and strategic buyers.  Western Reserve also assisted in negotiating the transaction price and the purchase agreements.

    Group Dekko was acquired by Centre in August 2006.  Centre is a leading middle-market private equity firm with offices in New York, Los Angeles and Dallas. Key members of Group Dekko’s senior management team partnered with Centre in its investment through a newly formed entity, Group Dekko Holdings, Inc.

    Group Dekko Chief Executive Officer Steven Hankins said, “Our senior management and employees are excited to have Centre Partners as our business and financial partner. We never would have connected with them or worked out a deal without Western Reserve’s help. They were with us every step of the way and did a terrific job.”

    Group Dekko Chief Financial Officer Charles Schrimper said, “The Western Reserve team worked hard to achieve the best possible result for Group Dekko’s shareholders and employees. They gave us extraordinary client service.”

    . . .

    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.

  • Hall Chemical Co.

    Chemicals, Plastics & Packaging

    Manufacturer of specialty chemicals

    Sold to: Nybo International (Shakopee, MN)

  • Hancor Inc.

    Building Products & Materials

    Manufacturer of corrugated plastic PVC drainage pipe

    Sold to: Citicorp Venture Capital (New York, NY)

  • Harsco Corporation (highway maintenance division)

    Energy, Power & Infrastructure

    Company involved in highway painting and vegetation control

    Sold to: Parkside Acquisition Partners (Rocky River, OH)

  • Hawk Corporation

    Aerospace & Defense

    Diversified manufacturer of specialized components for industrial, commercial, automotive and aerospace markets

    Placement agent for $53 million of senior secured bank financing

  • Hawk Corporation

    Aerospace & Defense

    Diversified manufacturer of specialized components for industrial, commercial, automotive and aerospace markets

    $100 million initial public offering of common stock

  • Hawthorn Manufacturing Corporation

    Metals

    Fabricator of metal tubing

    Represented the company in its recapitalization

  • Heintz Corporation

    Aerospace & Defense

    Manufacturer of aerospace components

    Financial advisor for RDK Capital Limited Partnership (Cleveland, OH) as purchaser of the company's assets out of a Chapter 11 case

  • Henco Enterprises Inc. (Bankruptcy Estate of Grabill Corporation)

    Aerospace & Defense

    Machining facility specializing in aerospace components

    Financial advisor for the company in its parent's Chapter 11 case; sold to: HHC Acquisition, Inc. (Niles, MI)

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

    Automotive

    Brand of cargo management and vehicle protection products

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

  • Hoosier Wire Inc.

    Chemicals, Plastics & Packaging

    Drawing, stranding, bunching and PVC insulating, and distributing of wire at five plants in Indiana

    Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst (Dallas, TX); provided fairness opinion

  • Hutchinson Mayrath (Bankruptcy Estate of TIC United Corporation)

    Capital Goods

    Manufacturer of mobile agricultural auger equipment

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Global Industries, Inc. (Grand Island, NE)

  • Industrial Data Technologies Corporation

    Capital Goods

    Manufacturer of graphics-based, man-machine interface hardware and software to automate industrial processes

    Sold to: Eaton Corporation (Cleveland, OH)

  • Inservco, Inc. (portfolio company of MCM Capital Partners)

    Electric & Electronic Components

    Provider of electronics manufacturing services

    Provided valuation services

    Inservco, Inc. (portfolio company of MCM Capital Partners)

    Founded in 1968 in LaGrange, Ohio, Inservco, Inc. is a leading provider of technology, design and manufacturing services to small and mid-sized original equipment manufacturers (“OEMs”).  The company offers extensive technology, design and electronic manufacturing services to customers such as medical equipment manufacturers, industrial OEMs and telecommunications equipment producers.  Inservco’s product offering includes product prototyping, production design, PCB assembly, box build and final product assembly, testing services, inventory management and repair depot services.

    Western Reserve was engaged by the Board of Directors to render a valuation as to the enterprise value of the company.

  • Insilco Holding Co.

    Automotive

    Automotive parts manufacturer

    Sold to: ThermaSys Holding Company (New York, NY)

  • International Specialty Alloys

    Aerospace & Defense

    Provider of rare metal purification services and producer of titanium master alloys

    Sold to: Kennametal Inc. (Latrobe, PA)

  • Interstate SouthWest (portfolio company of Balmoral Advisors LLC)

    Automotive

    Manufacturer of large, complex forgings for the automotive, heavy machinery and energy markets

    Sold to: Ellwood Group, Inc. (Ellwood City, PA)

  • InterWrap

    Building Products & Materials

    Manufacturer of coated woven packaging products

    Recapitalized by: Quad-C Management, Inc. (Charlottesville, VA)

    InterWrap

    Western Reserve 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.

  • JRB Company Inc.

    Capital Goods

    Manufacturer of proprietary couplers and attachments for front end loaders and other industrial equipment

    Sold to: Attachment Technologies, Inc. (Delhi, IA), a portfolio company of Norwest Equity Partners (Minneapolis, MN)

  • Kennametal Corporation (ATS Industrial Supply subsidiary)

    Metals

    Independently managed distributor of branded metalworking consumables and related products to industrial manufacturers

    Sold to: Leveraged Buyout Investing Management (Salt Lake City, UT)

  • Kennametal Corporation (Strong Tool Co. subsidiary)

    Metals

    Independently managed distributor of branded metalworking consumables and related products to industrial manufacturers

    Sold to: Mr. Cedric Beckett (Detroit, MI)

  • Kennametal Inc.

    Capital Goods

    Manufacturer of high quality industrial cutting tools

    $120 million follow-on offering of common stock

  • Keystone RV Company

    Automotive

    Marketer and manufacturer of towable RV products

    Recapitalization via: Summit Partners (Boston, MA)

  • Kirk and Blum Manufacturing Company

    Building Products & Materials

    Industrial ventilating contractor in America

    Sold to: CECO Environmental (Newark, NJ)

  • KNG Energy Inc.

    Energy, Power & Infrastructure

    Distributor of natural gas across five Northwest Ohio counties

    Provided fairness opinion for the repurchase of shares using company proceeds

  • Kropp Forge (Bankruptcy Estate of TIC United Corporation)

    Aerospace & Defense

    Manufacturer of large aerospace forgings

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Park-Ohio Holdings (Cleveland, OH)

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

    Automotive

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

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

  • Laszeray Technology Inc.

    Aerospace & Defense

    Integrated manufacturer of quality, custom injection molded components and highly engineered tooling

    Recapitalized by management and an undisclosed investor

    Laszeray Technology Inc.

    Western Reserve Partners served as the exclusive investment banker to La’szeray Technology, Inc. in its recapitalization by management and an undisclosed investor.  The transaction was led by Western Reserve’s Managing Partner Ralph Della Ratta and Vice President Matthew Mueller of the firm’s Industrial Group, supported by Analysts Matthew Francati and James Petersen.

    La’szeray is an integrated manufacturer of quality, custom injection molded components and highly engineered tooling.  Headquartered in North Royalton, Ohio, La’szeray offers a full suite of value-added services, working with customers from initial product concept through completion.  La’szeray serves customers operating in a diverse range of industries, including consumer, aerospace, military and healthcare.

    “La’szeray is a true entrepreneurial success story.  The company’s technological leadership, exceptional customer relationships and remarkable track record of growth since its founding in 1998 are a testament to Ray Seuffert’s leadership, the strength of the management team and the dedication of the company’s employees,” said Mr. Della Ratta.  “It has been a pleasure working with La’szeray, and we are excited to introduce a new partner that will allow the company to continue building upon its success.”

    “I am thrilled that our recapitalization will provide us with greater opportunities to continue to grow and provide our customers with the high-quality products and exceptional customer service they have come to expect from La’szeray,” said Raymond Seuffert, La’szeray’s founder and CEO.  “I am grateful for the guidance and insight Western Reserve provided in working with us to find an excellent business partner who will allow La’szeray the opportunity to achieve its long term goals.”

    . . .

    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.

    Chemicals, Plastics & Packaging

    Provider of products for professional turf care segment of green industry

    Follow-on offering of common stock

  • LESCO, Inc. (manufacturing and distribution operations)

    Chemicals, Plastics & Packaging

    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.

  • Lincoln Electric Company

    Electric & Electronic Components

    Manufacturing of electrical resistance welding equipment

    $126 million initial public offering of common stock

  • Liqui-Box Corporation

    Chemicals, Plastics & Packaging

    Manufacturer of plastic dispensing and packaging systems for liquids serving the bottled water, beverage, dairy, pharmaceutical, processed food and wine industries

    Provided fairness opinion in the sale to DuPont Canada (Ontario, Canada)

  • Lomak Petroleum

    Energy, Power & Infrastructure

    Independent exploration and development company with operations in Ohio, Michigan and Texas

    $10 million common stock offering

  • Lomak Petroleum

    Energy, Power & Infrastructure

    Independent exploration and development company with operations in Ohio, Michigan and Texas

    $7 million common stock offering

  • LRV Inc. and affiliates

    Automotive

    Manufacturer of plastic pick-up truck bed liners and toolboxes

    Sold to: Lancaster Colony Corporation (Columbus, OH)

  • LTV Steel (Presque Isle Corporation subsidiary)

    Building Products & Materials

    Lake based metallurgical limestone mine

    Sold to: Lafarge Corporation (Herndon, VA)

  • Luntz Corporation

    Metals

    Recycler of ferrous and non-ferrous scrap metals

    Sold to: Philip Environmental, Inc. (Ontario, Canada)

  • Magic American Corporation (Earthrite products line)

    Chemicals, Plastics & Packaging

    Formulator and marketer of environmentally safe household cleaning products

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

  • Magnesium Aluminum Co.

    Automotive

    Tier II supplier of die cast magnesium and aluminum components to the automotive industry

    Sold to: Monomoy Capital Partners (New York, NY)

  • Masco Corporation (Value Product Group)

    Building Products & Materials

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

    Provided strategic advisory services

  • MascoTech Inc.

    Automotive

    Diversified metal forming processor with proprietary products serving transportation, industrial and consumer markets

    Sold to Heartland Industrial Partners, LLP (New York, NY); provided fairness opinion

  • Maynard Manufacturing Company (portfolio company of American Acquisition Partners)

    Automotive

    Manufacturer of stainless steel automotive fasteners

    Sold to: MacLean - Fogg, Inc. (Mandelein, IL)

  • MHP Machines Inc.

    Capital Goods

    Manufacturer of CNC machine tools

    Sold to: Hurco Companies, Inc. (Indianapolis, IN)

  • Midwest Stamping & Manufacturing Co. (Bankruptcy Estate of Grabill Corporation)

    Automotive

    Manufacturer of high volume automotive and non-automotive stampings

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Midwest Investors Acquisition (Starkville, MI)

  • Miller Pipeline Corporation

    Energy, Power & Infrastructure

    Natural gas distribution construction contractor

    Sold to: Reliant Services, LLC (Indianapolis, IN)

  • Minnesota Power & Light

    Energy, Power & Infrastructure

    Electric utility, acquiring wholesale automotive auctioneer

    Acquired: ADESA Corporation (Carmel, IN)

  • MISCOR Group Ltd.

    Electric & Electronic Components

    Specialty contractor for electrical and related projects

    Sold to: Integrated Electrical Services, Inc. (NASDAQ: IESC) (Houston, TX); provided fairness opinion

    MISCOR Group Ltd.

    Western Reserve served as the exclusive financial advisor to the Board of Directors of MISCOR Group Ltd. (OTCPK: MIGL) in its sale to Integrated Electrical Services, Inc. (NASDAQ: IESC).  Western Reserve also rendered a fairness opinion to MISCOR’s Board in connection with the transaction.

    MISCOR, based in Massillon, Ohio, provides electrical and mechanical solutions to customers throughout the United States and abroad through its two operating segments, Industrial Services and Rail Services.  The Industrial Services segment provides maintenance and repair services for AC and DC electric motors and generators, as well as power generating and distribution equipment; manufactures, remanufactures and repairs industrial lifting magnets; and provides maintenance and repair services for railroad main and auxiliary generators, main alternators and traction motors. The Rail Services segment manufactures and remanufactures EMD style power assemblies for the 567, 645 and 710 engine families.

    William Schmuhl, Chairman of the Special Committee of MISCOR’s Board of Directors, commented, “The special committee valued the advice and counsel provided by Western Reserve Partners throughout this process.  Their knowledge of the industry and dedication to a successful outcome were critical to 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.

  • MISCOR Group Ltd. (CES division)

    Electric & Electronic Components

    Specialty contractor for electrical and related projects

    Provided fairness opinion in sale of the CES division to John A. Martell

  • MOD-PAC CORP.

    Chemicals, Plastics & Packaging

    Designer and manufacturer of folding carton packaging, stock packaging and personalized print products

    Provided fairness opinion in sale to Rosalia Capital LLC (Buffalo, NY)

  • Myers Industries Inc.

    Automotive

    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

  • Myers Industries, Inc. (WEK Industries, Inc. subsidiary)

    Automotive

    Provider of engineered blow molded components and assemblies primarily to the automotive industry

    Sold to: Toledo Molding & Die, Inc. (Toledo, OH), a portfolio company of Industrial Opportunity Partners (Evanston, IL)

    Myers Industries, Inc. (WEK Industries, Inc. subsidiary)

    Western Reserve 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.

     

  • Naporano Iron & Metal Co.

    Metals

    Broker, processor and exporter of ferrous and non-ferrous scrap metal

    Sold to: Metal Management, Inc. (Chicago, IL); provided fairness opinion

  • National Enterprises Inc.

    Building Products & Materials

    Manufacturer of prefabricated homes

    Sold to: Ferrous Inc. (Ontario, Canada)

  • National Machinery Company

    Capital Goods

    Manufacturer of cold forging machinery

    Sold to: Citicorp Venture Capital (New York, NY)

  • NECO (Bankruptcy Estate of TIC United Corporation)

    Capital Goods

    Manufacturer of stationary agricultural grain augers

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Global Industries, Inc. (Grand Island, NE)

  • Network Polymers, Inc.

    Chemicals, Plastics & Packaging

    Supplier of thermoplastic resins and alloys

    Provided valuation and strategic advisory services

  • Newbury Industries Inc.

    Chemicals, Plastics & Packaging

    Manufacturer of vertical plastic injection molding machines

    Sold to: Heico Acquisitions (Chicago, IL)

  • Niagara Mohawk Power Corporation

    Energy, Power & Infrastructure

    Distributes electricity in upstate New York

    $12 million credit tenant lease

  • NitroFill, LLC

    Automotive

    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.

  • NN Ball & Roller Inc.

    Metals

    Manufacturer of ball and roller bearings

    $32 million initial public offering of common stock

  • NN Ball & Roller Inc.

    Metals

    Manufacturer of ball and roller bearings

    $42 million follow-on public offering of common stock

  • Novar Electronics Corporation

    Electric & Electronic Components

    Designer and manufacturer of proprietary, state-of-the-art security and HVAC control systems

    Sold to: RTZ Corporation PLC (London, England)

  • NS Group Inc.

    Energy, Power & Infrastructure

    Premier supplier of tubular products to the energy market

    $259 million follow-on offering of common stock

  • NTI

    Electric & Electronic Components

    Quick-turn manufacturer of printed circuit boards

    Sold to: Dynamic Details, Inc. (Anaheim, CA)

  • Oatey Co.

    Building Products & Materials

    Manufactures plumbing products for residential and commercial applications

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

  • Ohio Edison Company

    Energy, Power & Infrastructure

    Electric power utility

    Sold to: Centerior Energy Corp. (Akron, OH); provided fairness opinion

  • Ohio Moulding Corporation

    Automotive

    Provider of highly engineered roll formed products

    Recapitalization of debt and equity by: JPMorganChase

    Ohio Moulding Corporation

    Western Reserve acted as exclusive financial advisor in the recapitalization of The Ohio Moulding Corporation (“OMCO”).

    OMCO, founded in 1955 and headquartered in Wickliffe, Ohio, is a leading provider of highly engineered roll formed products, primarily to niches in the over-the-road trailer, specialty trailer, specialty truck, commercial refrigeration and other industries.  It manufactures roll formed products through two subsidiaries, Midwest Roll Forming & Mfg., Inc., located in Pierceton, Indiana and WG Corporation, located in Morgantown, Pennsylvania.

    Western Reserve worked with OMCO’s shareholders and senior management to refinance the company’s existing credit facilities and recapitalize the business. The new capital structure was comprised of a five-year senior secured revolving credit facility and term loan and a senior subordinated note issuance due in 2011. The transaction enabled OMCO to provide liquidity to its shareholders and facilitate the company’s continued growth.

    Ben Yorks, OMCO’s Chief Executive Officer, commented, “We are very pleased with the technical and strategic support Western Reserve provided us in executing this complex transaction. Their expertise and dedication to executing the transaction resulted in a very favorable outcome for our company and 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.

  • Ohio Moulding Corporation

    Automotive

    Provider of highly engineered roll formed products

    Provided valuation services

  • Ohio Valley Electric Corporation

    Energy, Power & Infrastructure

    Rural electric power utility

    $305 million placement of senior secured notes

  • Olympic Steel Inc.

    Metals

    Steel service center

    $70 million initial public offering of common stock

  • Olympic Steel Inc.

    Metals

    Steel service center

    $63 million follow-on offering of common stock

  • Olympic Steel Inc.

    Metals

    Steel service center

    Provided strategic advisory services in the acquisition of Chicago Tube & Iron Company (Chicago, IL)

  • OM Group Inc.

    Chemicals, Plastics & Packaging

    International producer and marketer of metal based specialty materials

    $238 million follow-on offering of common stock

  • OmniSource Corp.

    Metals

    Diversified scrap metal processing and trading concern

    Acquired: Jackson Iron & Metal Co. (Jackson, MI)

  • OmniSource Corp.

    Metals

    Diversified scrap metal processing and trading concern

    Provided valuation services

  • OmniSource Corp.

    Metals

    Diversified scrap metal processing and trading concern

    Provided appraisal services

  • OMNOVA Solutions Inc.

    Chemicals, Plastics & Packaging

    Provider of decorative and functional surfaces, coatings and specialty chemicals

    $165 million placement of senior secured notes

  • Osmose Holdings, Inc.

    Building Products & Materials

    Manufacturer of wood preservation chemistry and technology and provider of services to the utilities and railroad industries

    Sold to: funds managed by Oaktree Capital Management, L.P. (Los Angeles, CA); provided fairness opinion

    Osmose 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.

  • Owens Corning

    Building Products & Materials

    Developer, manufacturer and marketer of insulation, roofing, and fiberglass composites

    Acquired: InterWrap (Vancouver, Canada), a portfolio company of Quad-C Management, Inc. (Charlottesville, VA)

    Owens Corning

    Western Reserve Partners announced that Owens Corning (NYSE: OC) has received all regulatory clearances and completed the acquisition of InterWrap, a portfolio company of Quad-C Management, Inc., for US$450 million. Western Reserve provided buy-side advisory services to Owens Corning.

    Owens Corning, based in Toledo, Ohio, develops, manufactures and markets insulation, roofing, and fiberglass composites. The company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Owens Corning posted 2015 sales of $5.4 billion and employs about 15,000 people in 25 countries. It has been a Fortune 500® company for 61 consecutive years.

    InterWrap operates facilities in the United States, Canada, India and China. Headquartered in Vancouver, British Columbia, InterWrap produces synthetic roofing underlayment, including the Titanium® and RhinoRoof® brands, as well as Protective Packaging products including the Duramet™ and WeatherPro® brands. They also manufacture Industrial Fabrics for water management, oil and gas mining, agricultural applications under the RhinoMat® and RhinoSkin® brands, and construction specialty products such as housewraps and facers. InterWrap reported 2015 sales of US$250 million.

  • Owens Illinois Corporation (Owens Illinois Labels Inc. subsidiary)

    Chemicals, Plastics & Packaging

    Integrated producer of labels and substrates

    Sold to: Fuji Seal Inc. (Tokyo, Japan)

  • Pacific Circuits

    Electric & Electronic Components

    Provides printed circuit boards and backplane assemblies

    Sold to: TTM Technologies, Inc. (Santa Ana, CA)

  • Par Industries Inc. (Blazon Tube Company division)

    Building Products & Materials

    Manufacturer of light and medium gauge circular steel tubing

    Sold to: Leggett & Platt, Inc. (Carthage, MO)

  • Park-Ohio Holdings Corp.

    Automotive

    Diversified manufacturer and distributor

    Provided financial advisory services

  • Partners in Plastics, Inc.

    Chemicals, Plastics & Packaging

    Manufacturer of custom blow molded plastics products

    Sold to: Austin Capital Partners (Cleveland, OH)

    Partners in Plastics, Inc.

    Western Reserve acted as exclusive financial advisor to Partners In Plastics, Inc. (“PIP”) in its sale to an affiliate of Austin Capital Partners, L.P.

    PIP, based in Sharon Center, Ohio, is the leading manufacturer of custom blow molded plastics products for a variety of end markets in its geographic footprint, which includes the Eastern and Midwestern U.S. Greg Vincent founded PIP in 1993 to provide enhanced blow molding capabilities to The Step2 Company, an original equipment manufacturer of children’s toys. Since then, PIP has expanded its offering of the highest quality blow molded products into numerous other end markets, including healthcare, lawn and garden, agriculture, consumer products, industrial and fuel tanks.

    PIP engaged Western Reserve to explore a potential sale of the company following the installation of a new Chief Executive Officer and despite a challenging economic environment, maintenance of its strong market position throughout the recession.  PIP was acquired by an affiliate of Austin Capital, a Cleveland, Ohio based private equity firm, in March 2010.

    Mr. Vincent said, “I was very pleased with the dedication that Western Reserve demonstrated on this transaction in helping me achieve liquidity and enter retirement, especially throughout an unprecedented M&A market. PIP’s combination with Austin Capital represents the best strategic outcome for the company and its 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.


     

  • PECO II, Inc.

    Electric & Electronic Components

    Full-service provider of telecommunications power systems

    Sold to: Lineage Power Holdings, Inc. (Plano, TX), a portfolio company of the Gores Group (Los Angeles, CA); provided fairness opinion

    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.

  • Plug Power Inc.

    Electric & Electronic Components

    Designer and manufacturer of alternative energy cells

    $55 million follow-on offering of common stock

  • Power Circuits

    Electric & Electronic Components

    Manufacturer of time-critical printed circuit boards primarily for the communications and networking industries

    Sold to: TTM Technologies, Inc. (Santa Ana, CA)

  • Praegitzer Industries Inc.

    Electric & Electronic Components

    Designer and manufacturer of circuit boards for both quick-turn and high volume requirements

    Sold to: TYCO International Ltd. (Boca Raton, FL)

  • Progressive Furniture Inc.

    Building Products & Materials

    Manufacturer of household wood furniture

    Sold to: Sauder Woodworking Company (Archbold, OH)

  • Project Eureka (portfolio company of a leading Private Equity firm)

    Capital Goods

    Manufacturer of household products

    Sold to: A Fortune 500 Company in the Building and Consumer Products Industry

  • Project Summertime

    Capital Goods

    Manufacturer of power equipment

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

  • PTC Alliance Corp

    Metals

    Manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts and precision components

    Financial advisor for the company in its out-of-court recapitalization and conversion of secured indebtedness to new preferred stock and minority of common equity

  • PVC Compounders, Inc.

    Chemicals, Plastics & Packaging

    Compounder of custom poly vinyl chloride based plastic compounds

    Sold to: Spell Capital Partners LLC (Minneapolis, MN)

    PVC Compounders, Inc.

    Western Reserve acted as exclusive financial advisor to PVC Compounders, Inc. in its sale to Spell Capital Partners LLC.

    Headquartered in Kendallville, Indiana, PVC Compounders is a leading, independent merchant producer of PVC compounds.  Founded more than 30 years ago, the company manufactures PVC compounds, sold in pellet and dry blend form, that are used by its customers to produce wire insulation, wire harnesses, profile extrusions, films, electrical cords, plugs and various general purpose items such as handle bar grips and grommets.

    PVC Compounders’ shareholders decided to divest the company, a non-core commonly-controlled business, to reallocate capital and focus exclusively on products and markets now served by their other entities.  PVC Compounders retained Western Reserve to assist in exploring its options, and through a competitive process, Western Reserve introduced the company to several potential financial and strategic buyers.

    PVC Compounders was acquired by Spell Capital in January 2006.  Spell Capital is a private equity firm based in Minneapolis, Minnesota that invests in well-managed, historically profitable, middle market manufacturing, distribution and service businesses.  Spell Capital possesses significant experience in the plastics industry and is a unique strategic partner to the company.   The transaction provided PVC Compounders’ shareholders with liquidity, allowed the management team to gain ownership in the company and aligned the company with a partner with both strategic and financial resources to help execute its growth plan.

  • Quatech, Inc.

    Electric & Electronic Components

    Manufacturer and designer of machine-to-machine connectivity devices

    Recapitalization and merger with DPAC Technologies (Garden Grove, CA)

    Quatech, Inc.

    Western Reserve acted as exclusive financial advisor to Quatech, Inc. in its recapitalization and subsequent merger with DPAC Technologies Corp. (Symbol: DPAC.PK).

    Quatech, headquartered in Hudson, Ohio, is a leader in the device networking and connectivity solutions industry. The company’s products connect multiple peripheral devices, such as keypads, cash registers and credit card swipers to a central station such as a PC or specific device server.  Quatech sells and supports its solutions both directly and through a global network of VARs and distributors.

    Quatech’s shareholders sought to expand the company’s market presence and supplement its wireless product line with a legacy product offering that would support Quatech’s long-term objectives.  In March 2006, Quatech completed a reverse merger of the company into a public company, DPAC, which created a leading interconnectivity solutions company with a full suite of interconnectivity products.  Western Reserve worked with Quatech’s existing lenders and investors to provide financial support for the recapitalization and subsequent merger with DPAC.  Western Reserve also assisted Quatech in negotiating the terms and conditions of a key technology licensing agreement that further strengthened the company’s industry leadership position.

    Quatech’s Chief Executive Officer Steve Runkel said, “Western Reserve was extremely helpful to us in completing this important merger. Their work with our lenders and investors to effect the recapitalization was critical to the success of the deal.”

    In 2011, Western Reserve acted as exclusive financial advisor to Quatech in its sale to B&B Electronics, a portfolio company of Graham Partners.

    . . .

    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.

  • Quatech, Inc.

    Electric & Electronic Components

    Manufacturer and designer of machine-to-machine connectivity devices

    Sold to: Sold to: B&B Electronics Manufacturing Company Inc. (Ottawa, IL), a portfolio company of Graham Partners (Newtown Square, PA); provided fairness opinion

    Quatech, Inc.

    Western Reserve acted as exclusive financial advisor to Quatech Inc., a subsidiary of DPAC Technologies (NASDAQ: DPAC) in its sale to B&B Electronics, a portfolio company of Graham Partners. Western Reserve also rendered a fairness opinion to DPAC’s Board of Directors in connection with the transaction. This represented the firm’s second engagement by Quatech, as Western Reserve advised the company in its 2006 reverse merger with DPAC.

    DPAC, headquartered in Hudson, Ohio, designs and markets enterprise and industrial grade wireless device networking solutions that allow OEMs to embed “Wi-Fi” modules into their product designs.  The company’s products are used in an array of machine-to-machine (M2M) applications and end-markets, including retail point of sale, healthcare, transportation, industrial automation and homeland security markets, among others.

    “This sale to B&B Electronics is a great outcome for all DPAC stakeholders,” said DPAC Chief Executive Officer Steven Runkel.  “Western Reserve was instrumental in identifying B&B as a potential acquirer, assisting us in efficiently clearing the market for other potential buyers and then negotiating an advantageous deal with B&B on our behalf.”

    . . .

    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.

  • Quatech, Inc.

    Electric & Electronic Components

    Manufacturer and designer of machine-to-machine connectivity devices

    Provided strategic advisory services

  • QuEST Global Services Pte. Ltd.

    Industrial Services

    Provider of outsourced engineering services and solutions

    Provided strategic advisory services

  • R.W. Screw Products, Inc.

    Metals

    Manufacturer of precision screw machine parts

    Sold to: Metal Seal Precision LLC (Mentor, OH)

    R.W. Screw Products, Inc.

    Western Reserve Partners served as the exclusive financial advisor to R.W. Screw Products, Inc. in its sale to Metal Seal Precision, Ltd.

    Founded in 1948 and located in Massillon, Ohio, R.W. Screw is a third generation family-owned manufacturer of custom, precision machined components for the aerospace, automotive, electrical, household appliance, lawn and garden, motion control and oil and gas industries. The company maintains a comprehensive array of precision machining capabilities and complementary on-site secondary operations. This extensive portfolio of equipment and capabilities allows R.W. Screw to supply its customers a wide range of complex, close tolerance products.

    Metal Seal Precision, headquartered in Mentor, Ohio, is a full service manufacturer of precision metal components and sub-assemblies. Metal Seal serves the automotive, hydraulics, sensors, plumbing, heavy truck, medical equipment and other industries. Metal Seal has four plants in Ohio and a plant in St. Louis, Missouri.

    On working with Western Reserve Partners, R.W. Screw’s Chairman Giles Gilbertson commented, “Western Reserve Partners patiently helped us work through the complex issues surrounding this transaction, and they were with us every step throughout the process.  I was impressed with their team’s hands-on approach, and we benefited greatly from their commitment, unwavering focus and attention to each detail.”

    “RW Screw’s precision metal components are integral in a wide variety of products,” said Mr. Filippell. “The company’s strategic combination with Metal Seal Precision will benefit R.W. Screw’s customers, employees and Massillon itself.  We are pleased to have been a part of this process.” Mr. Mueller added, “It was a pleasure working with the company’s Board of Directors and management. Their team’s knowledge and dedication to the business were instrumental to the successful outcome 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.

  • Radix Enterprises

    Electric & Electronic Components

    Manufacturer and supplier of UL, CSA and factory rated high temperature and high performance insulated electrical wires and cables

    Sold to: Hunter Valley Company and the Vitruvian Group (Cleveland, OH)

    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.”

  • Ransburg Corporation (Weltronic/Tecnitron Inc. subsidiary)

    Electric & Electronic Components

    Manufacturer of resistance welding controls

    Sold to: Nagoya Dengensha Co., Ltd. (Nagoya, Japan)

  • Raynor Garage Doors

    Building Products & Materials

    Provider of residential steel and wood garage doors and commercial sectional, rolling, fire, and traffic garage doors and operators

    $18 million senior note placement

  • Reclaimers Inc.

    Metals

    Recycler of copper wire

    Sold to: Philip Environmental, Inc. (Ontario, Canada)

  • Red Simpson Inc.

    Energy, Power & Infrastructure

    Overhead utility contractor

    Sold to: Pike Electric, Inc. (Mount Airy, NC), a portfolio company of Lindsay Goldberg & Bessemer (New York, NY)

  • Reese Central Wholesale, Inc.

    Building Products & Materials

    Wholesaler of roofing products and other building materials

    $14 million refinancing of senior debt with Bank of America

    Reese Central Wholesale, Inc.

    Western Reserve acted as exclusive financial advisor to Reese Central Wholesale, Inc. in its recapitalization by Bank of America Business Capital.

    Reese is a leading distributor of roofing, siding and other building products in the state of Indiana.  The company is headquartered in Indianapolis, Indiana and also operates eight other branches throughout the state.  Reese’s products are used in a variety of applications, including new home construction, replacement roofing and large commercial projects.

    Western Reserve worked with Reese’s senior management team and advisors to refinance the company’s existing credit facilities and recapitalize the business.  The new capital structure was comprised of a senior secured revolving facility and term loan and enabled Reese to refinance existing indebtedness and establish access to additional capital to finance continued growth of the company.

    John Reese, Chief Executive Officer and primary owner of Reese, commented, “We were very pleased with both the strategic and technical advice Western Reserve provided us in executing this transaction.  Their expertise and dedication from start to finish resulted in a well-structured and flexible financing for our company.”

    . . .

    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.

  • Regal Mold & Die Inc. (Bankruptcy Estate of Grabill Corporation)

    Chemicals, Plastics & Packaging

    Manufacturer of plastic injection molding dies

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

  • Reliance Steel & Aluminum Co.

    Metals

    Steel service center

    $138 million follow-on offering of common stock

  • Richmond Gas Corp.

    Energy, Power & Infrastructure

    Natural gas utility serving eastern Indiana

    Sold to: Indiana Energy, Inc. (Indianapolis, IN)

  • Robbins & Meyers Inc.

    Capital Goods

    Supplier of equipment and systems to pharmaceutical, energy and industrial markets

    $50 million follow-on offering of common stock

  • Robotic Vision Systems, Inc.

    Capital Goods

    Manufacturer of machine vision systems

    $89 million common stock offering

  • RPM Corporation

    Chemicals, Plastics & Packaging

    Manufacturer of paints, sealants and other products for consumer use

    $164 million follow-on offering of common stock

  • S-P Manufacturing Corporation

    Capital Goods

    Manufacturer of chucks and pneumatic and hydraulic cylinders

    Sold to: Figgie International (Willoughby, OH)

  • Sanymetal Products Co.

    Building Products & Materials

    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)

  • SATEC Systems Inc.

    Electric & Electronic Components

    Manufacturer of static stress testing instrumentation

    Sold to: SSI Acquisition Co. (Cleveland, OH)

  • Schwab Industries, Inc.

    Building Products & Materials

    Provider of ready-mix and concrete block

    Financial advisor for the company in its Chapter 11 case; sold the company's Ready Mix assets and Eastern Cement Corporation to Oldcastle Materials, a division of CRH plc (Atlanta, GA); sold Schwab Materials, Inc. to Resource Land Holdings, LLC (Colorado Springs, CO)

    Schwab Industries, Inc.

    Western Reserve acted as financial advisor to the Bankruptcy Estate of Schwab Industries, Inc. in the sale of its assets to Oldcastle Materials, Inc., a division of CRH plc (NYSE: CRH), and Resource Land Holdings, LLC (“RLH”).

    Schwab was a leading producer, supplier and distributor of ready-mix concrete, concrete block, cement and related supplies to commercial, municipal and residential contractors in Northeast Ohio and Southwest Florida. Schwab’s ready-mix operations consisted of Medina Supply Company, Quality Block & Supply, Inc. and Twin Cities Concrete in Ohio and Schwab Ready-Mix, Inc. in Florida.  The company’s assets also included Eastern Cement Corporation (“ECC”), a deep-water port on the gulf coast of Florida, and Schwab Materials, Inc. (“SMI”), an orange grove with significant identified limestone reserves in Fort Myers, Florida.

    Schwab commenced a Chapter 11 bankruptcy case and filed a motion to sell the company to Cement Resources LLC, a newly formed holding company jointly owned by two private equity firms, Atlas Holdings LLC and GarMark Partners. Cement Resources emerged as the stalking horse bidder for all of Schwab’s assets and entered into a definitive asset purchase agreement with the company. In accordance with procedures approved by the bankruptcy court, Western Reserve solicited written offers from other prospective purchasers, including Oldcastle and RLH, to “top” the stalking horse bid.  A live 363 auction was held and included eight different interested parties.

    Over the course of the June 2010 auction, bids were solicited for some or all of the assets, and the leading bid changed hands several times among several different groups (including combinations of groups). Ultimately, Oldcastle emerged as the winning bidder of the Ohio and Florida ready-mix assets as well as ECC, and RLH emerged as the winning bidder of SMI.

    Oldcastle is the leading vertically integrated supplier of aggregates, asphalt, ready mixed concrete and paving services with 1,400 locations nationwide. Oldcastle consists of strong, established companies who retain their identity while leveraging the technology, expertise and financial resources of the larger organization. RLH was founded in 1998 to invest in agricultural, timber and mining properties in the U.S. Through partnerships with local brokers, operators and entrepreneurs, RLH invests in properties across a broad range of resource-rich asset classes. To date, RLH has organized and managed two separately funded entities as well as four private equity funds.

     

  • SEMCO Energy Inc. (EnStructure Corporation subsidiary)

    Energy, Power & Infrastructure

    Underground utility construction company

    Sold to: InfraSource Services, Inc. (Media, PA)

  • SGS Tool Company

    Metals

    Manufacturer of solid carbide and stainless steel cutting tools

    Sold to: Kyocera Corporation (Kyoto, Japan)

    SGS Tool Company

    Western Reserve Partners announced that SGS Tool Company has been acquired by Kyocera Corporation (NYSE: KYO). Western Reserve Partners served as primary facilitator to SGS in this transaction.

    Based in Munroe Falls, Ohio, SGS is a leading international manufacturer of solid carbide and stainless steel cutting tools. SGS is best known for their solid carbide high performance endmills, drills, stainless steel medical tools and subsequent PVD coatings. The majority of their business is in the U.S. with manufacturing in Wokingham, England. Greater than 30% of SGS’ sales result from exports to more than 60 countries.

    Kyocera, headquartered in Kyoto, Japan, is a leading supplier of cutting tools, industrial ceramics, solar power generating systems, mobile phones, printers, copiers, electronic components and semiconductor packages. During the year ended March 31, 2015, the company’s net sales totaled $12.7 billion. Kyocera appears on the latest listing of the “Top 100 Global Innovators” by Thomson Reuters, and is ranked #552 on Forbes 2015 “Global 2000” listing of the world’s largest publicly traded companies.

  • Sharon Custom Metal Forming

    Metals

    Manufacturer of highly-engineered roll-formed products for various end markets

    Sold to: Roll Forming Corp., a subsidiary of voestalpine AG (Krems, Austria)

    Sharon Custom Metal Forming

    Western Reserve acted as exclusive financial advisor to Sharon Custom Metal Forming, Inc. (“SCMF”) in its sale to Roll Forming Corp., a subsidiary of voestalpine AG.

    Founded in 1997 and based in Farrell, Pennsylvania, SCMF is a manufacturer of highly-engineered, complex roll formed shapes and metal fabrications.  Its products are utilized in a variety of industries, including energy, health care, materials handling and various other commercial and consumer products markets.

    SCMF’s shareholders, a group of local entrepreneurs, were seeking to achieve liquidity and identify a partner best suited to support the company’s long-term objectives.  They retained Western Reserve to assist in the sale of the business, and Western Reserve worked with shareholders and management to identify a strategic solution that would allow SCMF to retain its identity and grow its capabilities.

    SCMF was acquired by Roll Forming Corp. in January 2008.  Roll Forming Corp., based in Shelbyville, Kentucky, provides roll formed products to a diverse range of markets and applications throughout North America.  Its parent company, voestalpine, based in Krems, Austria and traded on the Vienna Stock Exchange, manufactures a wide variety of steel products and has revenues in excess of $12.0 billion.  The acquisition of SCMF expanded Roll Forming Corp.’s domestic presence and created one of the most widely capable roll formers in North America. 

    Robert Jazwinski, Chairman of SCMF, commented, “Western Reserve was very responsive to our needs and added value to our transaction.  I was impressed with the entire team, their flexibility, attention to detail and follow-through.”  

    . . .

    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.

  • SIFCO Industries, Inc. (large aerospace turbine engine component repair operations)

    Aerospace & Defense

    Large aerospace portion of turbine engine component repair business and certain related assets

    Provided fairness opinion in sale to SR Technics Airfoil Services Limited (Zurich, Switzerland)

    SIFCO Industries, Inc. (large aerospace turbine engine component repair operations)

    Western Reserve provided the fairness opinion to the Board of Directors of SIFCO Industries, Inc. (AMEX: SIF) in connection with the sale of its large aerospace turbine engine component repair business to SR Technics Airfoil Services Limited, a wholly-owned subsidiary of SR Technics.

    SIFCO, headquartered in Cleveland, Ohio, is engaged in the production and sale of a variety of metalworking processes, services and products produced primarily to the specific design requirements of its customers.  One of its major business segments was the repair of turbine engine components for the aerospace industry.

    SIFCO entered into an agreement to sell the aerospace portion of its turbine engine component repair business and related assets to an Ireland-based subsidiary of SR Technics (SR TechnicsAirfoil Services Limited).  Based in Zurich, Switzerland, SR Technics is one of the world’s leading independent total solutions providers of aircraft, component, engine and technical services.  A special committee of SIFCO’s Board of Directors engaged Western Reserve to provide a fairness opinion in connection with the divestiture.  The transaction was consummated in May 2006.

    SIFCO Board Member Alayne Reitman remarked, “The SIFCO Board appreciated the independent perspective that Western Reserve provided in advising us as to the fairness of the divestiture of our large aerospace turbine engine component repair business.”

    . . .

    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.

  • Silicones Inc.

    Electric & Electronic Components

    Stranding, bunching and silicone insulating of high-temperature wire for the appliance industry

    Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst (Dallas, TX); provided fairness opinion

  • Sinter Metals Inc.

    Metals

    Manufacturer of metal powder precision components

    $61 million follow-on offering of common stock

  • Skyline Corporation

    Building Products & Materials

    Producer of manufactured housing, modular housing and recreational vehicles

    Provided strategic advisory services

  • SMC Corporation

    Automotive

    Manufacturer and marketer of RVs and towables

    Sold to: Monaco Coach Corporation (Lisle, IL)

  • SolmeteX, a division of Layne Christensen Company

    Chemicals, Plastics & Packaging

    Provider of dental amalgam separator devices and amalgam recycling services to the dental industry

    Sold to: Gemini Investors (Wellesley, MA) and Riveria Investment Group (New York, NY)

    SolmeteX, a division of Layne Christensen Company

    Western Reserve acted as exclusive investment banker to Layne Christensen Company (NASDAQ:LAYN) in the divestiture of its SolmeteX division to Gemini Investors, Riveria Investment Group and the management team of SolmeteX.

    SolmeteX provides dental amalgam separator devices and amalgam recycling services to the dental industry, which are highly regarded as the best solution for regulatory compliance.  SolmeteX is widely recognized as the single trusted source for comprehensive environmental solutions for dental waste needs.

    Layne Christensen is a global water management, construction and drilling company, providing responsible solutions to the world of essential natural resources — water, mineral and energy. The company offers innovative, sustainable products and services with an enduring commitment to safety, excellence and integrity.

    Founded in 1993, Gemini is a private equity firm that invests in companies between $5 and $50 million in sales, either looking for growth capital or pursing a recapitalization.  Since its inception, the firm has invested approximately $500 million in more than 100 companies throughout the U.S., typically investing $3 – $8 million per transaction in either control or minority positions.

    Founded in 2011, Riveria is a private investment group with offices in Washington D.C and New York. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s private equity efforts emphasize growth and value-added strategies to generate strong returns. The investment in SolmeteX represents Riveria’s 6th investment since inception.

    Nick Mozzicato, SolmeteX’s President said, “I believe SolmeteX’s potential is significant. We’re approaching a critical phase in the growth of our company, and Gemini and Riveria are the right partners to help us execute on our strategy. Western Reserve did a superb job representing SolmeteX and Layne, and their understanding of the business and industry was critical to a 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.

  • SolmeteX, Inc.

    Chemicals, Plastics & Packaging

    Developer of water treatment solutions

    Sold to: Layne Christensen Company (Mission Woods, KS)

    SolmeteX, Inc.

    Western Reserve acted as exclusive financial advisor to SolmeteX, Inc. in its sale to Layne Christensen Company.

    Founded in 1994 and based in Northborough, Massachusetts, SolmeteX has emerged as an innovator and developer of specialized chemistries, technologies and processes that cost-effectively remove toxins from drinking water and wastewater. Its impressive technology portfolio positions it as a market leader in one of the fastest-growing industries today. SolmeteX’s products include its Hg5® Series of Amalgam Separators used for dental mercury removal and its npXtra™ series of products used for arsenic and uranium removal.

    SolmeteX’s shareholders decided to explore the sale of the company to gain liquidity while ensuring a buyer would support the company’s growth strategy.  SolmeteX retained Western Reserve to assist in the sale of the business, and after a competitive process, Layne Christensen Company successfully acquired the company in November 2007.

    Based in Mission Woods, Kansas, Layne Christensen’s Water Resources Division provides a full line of water-related services and products, including hydrological studies, site selection, well design, drilling and well development, pump installation, and repair and maintenance. SolmeteX operates as a wholly owned subsidiary of Layne Christensen, led by SolmeteX’s Chief Executive Officer, Owen Boyd, and President, Nick Mozzicato.

    Jeffrey Fehn, a former Director of SolmeteX, said, “The Western Reserve team did a superb job advising our board of directors and working closely with the management team to structure a transaction that we are all very pleased with.  They were very ‘hands-on’ throughout the transaction, and we benefited from their creativity and attention to detail in leading the deal team and structuring 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.

  • Somerset Technologies Inc. (European business of Cameron Machinery division)

    Capital Goods

    Manufacturer of slitting and winding machinery for paper and films

    Sold to: BM Group, Ltd. (Taunton, England)

  • Somerset Technologies Inc. (Hartig Plastics Machinery division)

    Chemicals, Plastics & Packaging

    Manufacturer of heavy-duty industrial plastic blow-molding systems

    Sold to: Battenfeld Fisher GmbH (Meinerzhagen, Germany)

  • Spartech Corporation

    Chemicals, Plastics & Packaging

    Formulater of specialty chemicals

    $209 million follow-on offering of common stock

  • Sporran Inc. (Anvil Inc. and Canvil Ltd. subsidiaries)

    Building Products & Materials

    Manufacturers of specialty forged steel valves and fittings

    Sold to: Tyco Laboratories, Inc. (Exeter, NH)

  • Steel Dynamics Inc.

    Metals

    Steel mini-mill company formed by three steel industry entrepreneurs

    Raising of $380 million to develop company

  • Steel Dynamics Inc.

    Metals

    Steel mini-mill company formed by three steel industry entrepreneurs

    $181 million initial public offering of common stock

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

    Metals

    Manufacturer and distributor of fasteners

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

  • Stoneridge, Inc. (Wiring Business segment)

    Automotive

    Designer and manufacturer of wiring harness products for sale principally to the commercial, agricultural and off-highway vehicle markets

    Sold to: Motherson Sumi Systems Limited (Noida, India)

    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.

  • Sudbury Corporation

    Chemicals, Plastics & Packaging

    Industrial conglomerate involved in metal foundry, machining, fabrication and chemicals

    Financial advisor for the company in its Chapter 11 case; provided appraisal of the $100 million estate; reorganized pursuant to plan

  • Sudbury Inc. (South Coast Terminals Inc. subsidiary)

    Chemicals, Plastics & Packaging

    Formulator and blender of fuel additives with bulk storage capabilities

    Sold to: KMCO, Inc. (Houston, TX)

  • Superior Production LLC

    Automotive

    Provider of quality-certified stampings, assemblies and tool and die sets

    $17 million refinancing of senior and subordinated debt with PNC Bank (Pittsburgh, PA) and Key Bank (Cleveland, OH)

    Superior Production LLC

    Western Reserve acted as exclusive financial advisor to Superior Production, LLC (d/b/a The Superior Die, Tool and Machine Company) in its recapitalization by PNC Bank National Association and KeyBank National Association.

    Founded in 1914 and headquartered in Columbus, Ohio, Superior is a 3rd-generation, family-owned business providing quality-certified stampings, assemblies and tool and die sets to a variety of industrial markets.  The company operates out of two facilities in Columbus that comprise more than 355,000 square feet of manufacturing and warehouse space.  Superior maintains a broad range of presses, mills and lathes, positioning it to manufacture and machine large steel components and tool and die sets for companies such as Honda, General Motors, MTD Products and Whirlpool.

    As a result of the recent economic recession, Superior’s balance sheet restricted the opportunity to grow with its customers and continue its strategy of further end market diversification.  Western Reserve introduced the company to a broad range of financial investors and senior debt providers and assisted Superior in negotiating key structural and financial terms with numerous parties.  In February 2011, the company refinanced its Senior Secured Revolving Credit Facility and Senior Secured Term Loan with its existing bank group, consisting of PNC Bank National Association and KeyBank National Association.

    Dick Holstein, Chief Executive Officer of Superior, said, “We are very pleased to have a long-term financing arrangement in place and are very appreciative of the excellent work by Western Reserve.  This commitment by the banks positions our company to maintain our strong relationships with our existing customers and expand into new markets.”  

    . . .

    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.

  • Swagelok Company

    Energy, Power & Infrastructure

    Designer and manufacturer of high-tech valves

    Provided buy side advisory services

  • Swagelok Company

    Energy, Power & Infrastructure

    Designer and manufacturer of high-tech valves

    Provided financial advisory services

  • Tectum, Inc.

    Building Products & Materials

    Manufacturer of acoustical ceiling, wall and structural solutions for commercial building applications

    Sold to: Armstrong World Industries, Inc. (Lancaster, PA)

    Tectum, Inc.

    Western Reserve Partners served as the exclusive financial advisor to Tectum, Inc. (“Tectum”) in its sale to Armstrong World Industries, Inc. (NYSE: AWI) (“AWI”). The acquisition complements the growth strategy of AWI’s Architectural Specialties business under its Ceiling Solutions umbrella.

    Based in Newark, Ohio, Tectum is a manufacturer of high-impact wood fiber acoustical panels and roof deck for the commercial and institutional construction industries with a history spanning over 65 years. In particular, the company has a very strong presence in the education market providing noise absorption solutions for decades in school hallways, gymnasiums and indoor swimming pools.

    AWI, headquartered in Lancaster, Pennsylvania, is a global leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions.  With over 3,700 employees and fiscal 2015 revenues from ceiling operations in excess of $1.2 billion, AWI operates from a global manufacturing network of 24 facilities, including 9 plants dedicated to its WAVE joint venture.

    Mike Massaro, President of Tectum, commented, “We are pleased with Western Reserve and their commitment throughout this competitive process. As advisors, they successfully helped us in evaluating and selecting a great strategic partner. Western Reserve provided tremendous support and guidance throughout a very complex transaction and their team members were helpful, responsive and ensured that we achieved the desired result.”

    “After a very competitive process we are thrilled to have found the right strategic partner for the shareholders and employees of Tectum,” said Mr. Mayer. “This truly is a win-win solution for both entities and we wish Tectum and Armstrong the best of luck on their future growth prospects.”

    . . .

    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.

  • Tecumseh Products Company

    Capital Goods

    Manufacturer of compressors and condensing units for the refrigeration and air conditioning industries

    Provided strategic advisory services

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

    Chemicals, Plastics & Packaging

    Provider of customized metal and plastic components, enclosures and assemblies for the enterprise computing, network routers/communications, aerospace/military, medical and industrial end markets

    Sold to: The Watermill Group (Lexington, MA)

    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.

  • Terre Haute Gas Corp.

    Energy, Power & Infrastructure

    Natural gas utility serving western Indiana

    Sold to: Indiana Energy, Inc. (Indianapolis, IN)

  • The Burger Iron Company

    Automotive

    Steel service center and fabricator specializing in heavy gauge steel plate

    Recapitalized through the repurchase of common stock

    The Burger Iron Company

    Western Reserve acted as exclusive financial advisor to The Burger Iron Company (“BICO”) in the repurchase of common shares and recapitalization of the company.

    BICO, founded in 1896 and headquartered in Mogadore, Ohio, is a leading processor and fabricator of heavy gauge steel plate to its customers in a variety of industries including automotive and truck, consumer products, building products and capital equipment.  The company specializes in steel plate greater than 2” thick and has processing capabilities include annealing, flame cutting, surface grinding, heat treating, milling and welding, which are available from its Michigan, Ohio and South Carolina locations.  BICO’s customers operate in a variety of industries including automotive and truck, consumer products, building products and capital equipment.

    Western Reserve worked with BICO’s Board of Directors to identify a financial solution that best suited the company’s long term objective, and BICO was recapitalized in August 2006.  The transaction enabled the company to provide liquidity to its shareholders as well as facilitate continued growth of the business.

    Tom Fiocca, President and Chief Executive Officer of BICO, commented, “The team at Western Reserve did an outstanding job of identifying an innovative financial solution for us and helping us through all stages of the transaction. Their expertise and dedication to executing the transaction resulted in a very favorable outcome for our company and shareholders.  They were a pleasure 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.

  • The Robbins Company

    Capital Goods

    Developer and manufacturer of large diameter hard-rock tunnel boring machines (TBMs)

    Merged with: Northern Heavy Industries Group Co., Ltd. (Shenyang, China)

    The Robbins Company

    Western Reserve Partners announced that The Robbins Company has merged with China’s Northern Heavy Industries Group Co., Ltd. (“NHI”). Lok Home, President of Robbins, will assume the role of President of the merged enterprise. Western Reserve provided strategic advisory services to Robbins in this transaction and M&A International’s Chinese and German members, Quam Capital Limited and Angermann M&A International GmbH, provided strategic support and cross border expertise throughout the transaction.

    Headquartered in Solon, Ohio, The Robbins Company is the world’s foremost developer and manufacturer of large diameter hard-rock tunnel boring machines (TBMs). The Company also designs and manufactures continuously extending conveyors for use behind TBMs. Robbins sells its TBMs worldwide for large highway, railroad, hydroelectric and utility tunnels. The Chunnel connecting England and France was excavated using Robbins TBMs.

    Northern Heavy Industries Group Co., Ltd., headquartered in Shenyang, China, is a wholly state-owned company established through the combination of Shenyang Heavy Machinery Group Co., Ltd. and Shenyang Mining Machinery Group Co., Ltd. In 2007, NHI acquired NFM Technologies, a French TBM manufacturer, and became an international enterprise. In 2009, NHI became one of the top 500 Chinese enterprises, ranking among the top three in the Chinese heavy machinery industry. NHI manufactures approximately 7,000 products for power production, building materials, metallurgy, mining, ports, environmental protection, forging, fracturing equipment, coal machinery, transmission machinery and tunneling. NHI has complete facilities for design, test, inspection and measurement, R&D and manufacturing operations.

    Robbins President Lok Home said, “The Western Reserve team, working with their M&A International affiliates, were outstanding advisors for the Robbins Company in this merger. Their industry expertise and ability to operate effectively in China enabled us to close a very successful deal. We could not be more pleased with the outcome and the services provided by Western Reserve.”

    Western Reserve’s Mark Filippell said, “It was Western Reserve’s honor and pleasure to work with The Robbins Company. Lok Home and his team have built the world’s leading hard-rock tunnel boring machine company. Robbins’ merger with NHI, to be headed by Lok Home, will benefit Robbins, NHI and their worldwide customers.”

    . . .

    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.

  • Thermagon Inc.

    Chemicals, Plastics & Packaging

    Developer and manufacturer of thermally conductive materials for electronics applications

    Sold to: The Laird Group PLC (London, England)

  • Tokheim Corp.

    Energy, Power & Infrastructure

    Worldwide manufacturer and servicer of petroleum dispensing systems

    Financial advisor for the unsecured creditors’ committee in the company’s Chapter 11 case; international assets sold to affiliate of AXA Private Equity (Paris, France), Gasboy assets sold to Danaher Corporation (Washington, D.C.), and Tokheim NA assets sold to affiliates of First Reserve Corp. (Greenwich, CT)

  • Trantech Radiator Products, Inc. (portfolio company of Buckingham Capital Partners)

    Energy, Power & Infrastructure

    Manufacturer of specialty radiators and related products used in the electric power transmission and distribution industry

    Provided solvency opinion for dividend recapitalization by Key Principal Partners (Cleveland, OH)

  • Traub Container Corporation

    Chemicals, Plastics & Packaging

    Manufacturer of corrugated packaging and high quality boxes

    Sold to: MacMillan Bloedel Packaging, Inc. (Montgomery, AL)

  • TruSeal Technologies Inc. (portfolio company of Kirtland Capital)

    Building Products & Materials

    Manufacturer of engineered spacers and sealant systems for insulated windows

    Sold to: Quanex Corporation (Houston, TX)

  • Trust Technologies Inc.

    Aerospace & Defense

    Manufacturer of high precision airframe and jet turbine components

    Sold to: RDK Capital LP (Cleveland, OH)

  • TRW Inc.

    Aerospace & Defense

    Diversified manufacturer of components for aerospace, defense and automotive markets

    Co-Manager: $500 million senior notes offering

  • Turf Care Supply Corporation

    Chemicals, Plastics & Packaging

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

    Acquired by: Members of Management (Brunswick, OH)

  • Tyco International Ltd.

    Capital Goods

    Multi-national group of companies active in healthcare, flow control, security, telecommunications and electronics

    $31 million bond lease financing; issuance of secondary notes to IWW Property, LLC

  • United Auto Group

    Automotive

    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)

  • Vita Nonwovens, LLC (portfolio company of CapitalSouth Growth Fund and Crutchfield Capital, LLC)

    Automotive

    Manufacturer of high-performance, durable nonwoven materials primarily for bedding and automotive applications

    Sold to: Industrial Opportunity Partners (Evanston, IL)

    Vita Nonwovens, LLC (portfolio company of CapitalSouth Growth Fund and Crutchfield Capital, LLC)

    Western Reserve Partners served as exclusive financial advisor to Vita Nonwovens, LLC, a portfolio company of CapitalSouth Growth Fund and Crutchfield Capital, LLC, in its sale to Industrial Opportunity Partners.

    Based in High Point, North Carolina, Vita is a leading manufacturer of high-performance, durable nonwoven materials, including flame retardants, thermal/acoustical insulation, filtration and medical products. Vita operates three facilities strategically located throughout the United States and specializes in engineered applications utilizing nonwoven thermal bonding and needlepunch capabilities, as well as die cutting and laminating operations.

    Of working with Western Reserve, Crutchfield CEO and Vita Chairman Elliott Crutchfield said, “We appreciated Western Reserve’s dedication to the transaction and their focus on managing an efficient process. We have enjoyed witnessing Vita’s significant growth over the past several years and are happy that management has a good partner to support the Company with its continued 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.

     

  • Vitex Packaging Group (portfolio company of Kirtland Capital)

    Chemicals, Plastics & Packaging

    Full-service supplier of flexible packaging products

    Provided financial advisory services

  • W. Pat Crow Forgings division (Bankruptcy Estate of TIC United Corporation)

    Aerospace & Defense

    Manufacturer of aluminum aerospace forgings

    Financial advisor for the company in its parent's Chapter 11 case; sold to: WPC, Inc. (Bainbridge, OH)

  • Wabash Valley Manufacturing Inc.

    Chemicals, Plastics & Packaging

    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

    Automotive

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

    $110 million private placement of senior notes

  • Watervliet Paper Co. (Bankruptcy Estate of Kapaco Corp.)

    Chemicals, Plastics & Packaging

    Paper mill offering specialty paper products

    Financial advisor for the company in its parent's Chapter 11 case; sold to: KAC Acquisition Corp. (San Mateo, CA)

  • Weasler Engineering Inc. (portfolio company of Code Hennessey & Simmons)

    Capital Goods

    Manufacturer of agricultural drive lines

    Sold to: Industrial Growth Partners, LP (San Francisco, CA)

  • Weirton Steel Corp.

    Metals

    Integrated producer of steel sheet and tin-mill products ($1+ billion in indebtedness)

    Financial advisor for the Independent Steelworkers Union in the company’s Chapter 11 case; sold to International Steel Group (Richfield, OH)

  • West Michigan Steel Foundry division (Bankruptcy Estate of TIC United Corporation)

    Metals

    Grey iron foundry

    Financial advisor for the company in its parent's Chapter 11 case; sold to: Michigan Steel, Inc. (Downers Grove, IL)

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

    Automotive

    E-commerce and catalog merchant of automotive aftermarket parts

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

  • WI Acquisition Corp.

    Automotive

    Manufacturer of diesel engines for military usage

    Acquired: White Engine Co. (Canton, OH)

  • Wilmar

    Building Products & Materials

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

    Acquired: Barnett Inc.

  • Wiseco Piston Company Inc.

    Automotive

    Manufacturer of high performance pistons for automotive, motorcycle, marine racing and aftermarket applications

    Sold to: Dover Diversified, Inc. (New York, NY)

  • Wolohan Lumber

    Building Products & Materials

    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

  • Zanxx Inc.

    Automotive

    Manufacturer of lamp sockets, lighting assemblies and other electrical components for the automotive industry

    Sold to: Cooper Industries Inc. (Houston, TX)

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