Commercial bank in Indiana

Sold to: Merchants National Corporation (Indianapolis, IN)

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.”

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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.

Largest provider of private health insurance in the U.S.

$2 billion initial public offering of common stock

Marketer and installer of inground swimming pools

Recapitalized by: JP Morgan Chase

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

Sold to: Brookdale Living Communities (Chicago, IL)

Manufacturer of high precision jet turbine components and assemblies

Sold to: RDK Capital LP (Cleveland, OH)

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.”

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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.

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

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

Aluminum dross recycling company

$7 million in venture capital placements for common stock

Purveyor of finely tailored custom clothes

Recapitalized by: Castanea Partners (Boston, MA)

Astor & Black Custom Clothiers, Ltd.

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

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

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

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

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

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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.