Delco Corporation has sold to Capital For Business

  • March 9, 2016August 2, 2021
  • by admin

Capital For Business has acquired Delco Corporation (“Delco”), the Akron, Ohio-based provider of precision machining and mold building services. EdgePoint served as the exclusive financial advisor to Delco. Terms of the transaction were not disclosed.

For over 40 years, Delco has provided tight tolerance precision machining, custom and production machining, and sophisticated mold building services to customers in a variety of industries. Founded in 1971, Delco has successfully leveraged technical expertise, consistent quality, and reliable product delivery to become a critical service partner to a diverse base of marquee customers in the energy, defense, and aerospace industries.

Headquartered in St. Louis, Missouri, Capital For Business is a national private investment firm focused on providing capital to middle-market businesses with proven management teams and a high potential for growth.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

H&S Tool, Inc. has sold to Climax Portable Machining…

  • October 1, 2015May 3, 2023
  • by admin

Climax Portable Machining & Welding Systems, Inc. (“Climax”), a portfolio holding company of Industrial Growth Partners (“IGP”), has acquired the assets of H&S Tool, Inc. and H&S Tool Ltd. (collectively “H&S Tool”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to H&S Tool. Terms of the transaction were not disclosed.

H&S Tool, headquartered in Wadsworth, Ohio, USA, is the top brand and leading independent provider of ID-mount and OD-mount/clamshell pipe cutting and beveling tools. H&S Tool has offices in the USA and UK, and a worldwide distribution network

Climax, headquartered in Newberg, Oregon, USA, is the leading global provider of high-performance portable machine tools and welding systems. Climax also provides high-performance valve test systems under the Climax Calder brand. Climax has offices and operations throughout the world and channel partners in all major markets.

IGP is a San Francisco-based specialist private investment partnership focused exclusively on acquiring middle-market industrial manufacturing businesses. Since its inception in 1997, the firm has raised $1.4 billion in equity capital across four funds and have successfully invested alongside management in over two dozen platform transactions.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

S.G. Morris has sold to Applied Industrial Technologies, Inc.

  • September 30, 2015August 2, 2021
  • by admin

S.G. Morris Company has been acquired by Applied Industrial Technologies, Inc., the Cleveland, Ohio-based industry leader in industrial products distribution throughout the U.S., Canada, Mexico, Australia, and New Zealand. EdgePoint served as the exclusive financial advisor to S.G. Morris Company. Terms of the transaction were not disclosed.

Since 1932, S.G. Morris has been a leading, value-added distributor of fluid power products to various commercial and industrial markets throughout the Midwest. A former employee-owned business, S.G. Morris also provides custom engineered fluid power systems.

Headquartered in Cleveland, Ohio, Applied Industrial Technologies, Inc. is a worldwide leader in industrial distribution with more than 5,800 employees across the globe.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Mobile Air, Inc. has sold to Tioga Air

  • September 30, 2015January 24, 2022
  • by admin

Mobile Air, Inc. has been acquired by Tioga Air Heaters, LLC, the Minneapolis, Minnesota-based industry leader in the sale and rental of heating, air conditioning, and dehumidification systems. EdgePoint served as the exclusive financial advisor to Mobile Air. Terms of the transaction were not disclosed.

For over 25 years, Mobile Air has provided turnkey heating, air conditioning, filtration and dehumidification equipment rentals to commercial property owners and the construction market. Mobile Air operates nine locations throughout the Midwest, and has quickly become an industry leader through its technical expertise and proprietary product lines.

Headquartered in Minneapolis, Minnesota, Tioga Air Heaters was founded to manufacture and sell rugged industrial-grade heaters into the commercial construction, oil & gas, and mining markets. Today, the Company is a leading provider of heating, air conditioning, filtration, and dehumidification solutions throughout the U.S. Tioga Air Heaters is a portfolio company of Mangrove Equity Partners.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Style Crest Logistics has sold to Peoples Services, Inc.

  • September 15, 2015March 22, 2023
  • by admin

Peoples Services, Inc. has acquired Style Crest Logistics, Inc., the Fremont, Ohio-based provider of comprehensive integrated warehousing, transportation, and other customized value-added services. EdgePoint served as the exclusive financial advisor to Style Crest Logistics. Terms of the transaction were not disclosed.

For more than 25 years, Style Crest Logistics has served a diverse group of customers ranging from some of the world’s leading consumer brands and mid-sized industrial and commercial manufacturers to regional distributors and local enterprises. The Company’s seven technologically-integrated storage and handling facilities offer timely access to rail lines, major highways, and international air freight and seaport services.

Peoples Services is a recognized provider of transportation and logistics services with over 5 million square feet of public and contract warehouse space specializing in a variety of commodities from chemicals to consumer goods. The Company operates warehouse locations in Ohio, North Carolina, South Carolina, Michigan, Virginia and West Virginia.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

PeopleShare, Inc. has been recapitalized by Trivest Partners

  • September 1, 2015August 2, 2021
  • by admin

Trivest Partners has recapitalized PeopleShare, Inc., a Pottstown, Pennsylvania-based provider of staffing services to the clerical, light industrial, and financial sectors. Founded in 2005, PeopleShare is one of the fastest growing staffing companies in the industry.

EdgePoint led the negotiations of the transaction and served as financial advisor to PeopleShare. Terms of the transaction were not disclosed.

Headquartered in Coral Gables, Florida, Trivest Partners is a private equity firm with a committed equity fund that focuses on lower middle market manufacturing, distribution and service throughout the United States and Canada.

EdgePoint is a leading investment banking firm focused on providing lower middle market business owners with merger and acquisition advisory services.

Lake Erie Abrasive & Tool, Inc. has sold to…

  • September 1, 2015August 2, 2021
  • by admin

Motion Industries has acquired Lake Erie Abrasive & Tool, Inc. (“Lake Erie” or the “Company”), the Euclid, Ohio-based industrial abrasives distributor. EdgePoint served as the exclusive financial advisor to Lake Erie Abrasive & Tool. Terms of the transaction were not disclosed.

For more than 45 years, Lake Erie Abrasive & Tool has provided industrial abrasives to some of the most demanding Fortune 100 companies. The Company leverages its technical knowledge and proprietary inventory management software to improve customer productivity and reduce inventory levels. Lake Erie operates locations in three states and uniquely serves the power generation, aviation, automotive, foundry, and industrial end markets.

Motion Industries, based in Birmingham, Alabama, is a leading distributor of MRO and OEM products to government and industrial customers in North America. As of 2014, Motion Industries had annual revenues of $4.8 billion and more than 150,000 customers. Motion Industries is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC).

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Blue Mountain Ski Area secures financing through Community Bank

  • August 7, 2015September 9, 2021
  • by admin

Blue Mountain Ski Area has secured financing from Community Bank as part of a debt refinancing. EdgePoint identified financing sources, led the negotiations and served as exclusive financial advisor to Blue Mountain Ski Area. Terms of the transaction were not disclosed.

Originally named Little Gap Ski Area in 1977, the area was re-established as Blue Mountain in 1989. As the largest ski area by vertical feet in Pennsylvania, Blue Mountain is currently home to 164 acres of skiable terrain and boasts the highest vertical drop in the state at 1,082 vertical feet. In addition to the 39 ski trails, 16 lifts, and 22 tubing lanes, Blue Mountain maintains a full-service mountain top restaurant, 21 lift access bike trails, three disc golf courses, four ropes courses, and three outdoor laser tag fields – the variety of amenities makes Blue Mountain a true four-season resort.

Community Bank, N.A. is the wholly-owned national banking subsidiary of Community Bank System, Inc. (CBSI), whose predecessor bank was the St. Lawrence National Bank, chartered in 1866. Community Bank maintains its headquarters in DeWitt, New York and is a full-service financial institution, offering complete consumer, business, and financial services. Community Bank has over $7 billion in assets and more than 180 customer facilities across Upstate New York and Northeastern Pennsylvania.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Motor City Fastener, Inc. has sold to Kian Capital

  • July 31, 2015August 2, 2021
  • by admin

Kian Capital has acquired Motor City Fastener, Inc. (“Motor City” or the “Company”), the Hazel Park, Michigan-based value-added distributor of fasteners. EdgePoint served as the exclusive financial advisor to Motor City. Terms of the transaction were not disclosed.

For 50 years, Motor City Fastener has supplied the most diversified fastener inventory in the Midwest, serving the automotive, trucking, defense, construction and automation tooling industries. Motor City stocks more than 80,000 SKUs including hex caps, bolts, sockets, nuts, and washers. Motor City is known for its inventory of hard to find items, and the Company often acts as a value-added partner in the development of products for its customers.

Kian Capital, based in Charlotte, North Carolina, makes investments in leading lower middle-market companies across a broad range of industries. Kian Capital partnered with Oakland Standard Co., a Detroit-based private investment partnership, in the acquisition of Motor City.

In response to the transaction, Bob Puskas, President and CEO of Motor City, said, “I am excited about this new chapter in Motor City’s history and am looking forward to working with Kian and Oakland Standard to continue growing the business. Kian and Oakland Standard have shown a deep understanding of the industry and have already identified several growth opportunities which I believe will increase Motor City’s ability to deliver value to our customers.”

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Initials, Inc. secures financing through First Financial Bank and…

  • June 25, 2015March 22, 2023
  • by admin

Britney Vickery, founder and partner of Initials, Inc. (“Initials”), has acquired financing from First Financial Bank and MVC Capital as part of a partner buyout. Terms of the transaction were not disclosed.

EdgePoint Capital initiated the transaction, identified and secured financing sources, led negotiations, and served as the exclusive financial advisor to Initials, Inc.

Founded in 2005, Initials is a leading direct sales organization specializing in women’s fashion products and accessories located in Clarkesville, Georgia. The Company designs, produces and sells personalized bags, organizational products and fashion accessories through independent sales representatives. Sales representatives utilize an event-based market approach throughout the U.S.

First Financial Bank is regionally based in Cincinnati, Ohio. First Financial operates over 110 locations throughout the Ohio, Kentucky, and Indiana regions, supporting businesses through a breadth of lending options, including senior term, mezzanine, cash flow and asset based lending. For over 150 years the company has supported local companies to develop their businesses and expand their operations.

Partnering with MVC Capital, a publicly held business development company specializing in a breadth of financing activities, Initials Inc. successfully secured financing.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.