Deal List

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DEALS BY INDUSTRY

DEALS BY SERVICES

  • Advanced Communications

    Consumer

    Provider of in-home installation services for communications industry

    Arranged senior secured credit facility with PNC Business Credit

  • Advanced Hydro Solutions LLC

    Industrial

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

    Provided financial advisory services

  • Advanced Structural Alloys

    Industrial

    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

    Industrial

    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.

    Healthcare

    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.

  • AIMCO

    Real Estate

    REIT engaged in the ownership, acquisition, development, expansion and management of multi-family apartment properties

    Sold to: Archol Group (Irving, TX)

  • AIMCO

    Real Estate

    REIT engaged in the ownership, acquisition, development, expansion and management of multi-family apartment properties

    Sold to: Brookdale Living Communities (Chicago, IL)

  • Airflow Research and Manufacturing Corp.

    Industrial

    Engineering and manufacturing of ultra-high efficiency automotive fans

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

  • AL Tech Specialty Steel Corp.

    Industrial

    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.

    Industrial

    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

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