Arc Drilling, Inc. has been recapitalized by Washington Equity…

Washington Equity Partners (“Washington Equity”), a private equity firm based in the Washington DC area, announced a recapitalization of Arc Drilling (the “Company”). Headquartered in Cleveland, Ohio, Arc Drilling is a leading provider of electrical discharge machining (EDM) solutions to the industrial gas turbine and aerospace engine markets.

Founded in 1961, Arc Drilling’s capabilities include Fast Hole EDM, Wire EDM and Sinker EDM. The Company has a long history of industry-leading production, quality, and turnaround times, and it performs EDM services on over 200,000 parts per year for a diversified customer base that includes GE, Parker Hannifin, Precision Castparts, Swagelok and Woodward. With facilities in Cleveland, OH, Greenville, SC, and Charleston, SC, Arc Drilling is strategically positioned near major industrial gas turbine and aerospace engine manufacturing centers.

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth. The firm is headquartered in McLean, VA and is focused on investing in: Aerospace, Defense, and Government Contracting, Industrial and Advanced Manufacturing, and Software and Technology.

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

Simmons Grain Company has partnered with Stonehenge Partners, Inc.

Simmons Grain Company (“SGC”), a Salem, Ohio-based organic soybean processor, has partnered with Stonehenge Partners, Inc. EdgePoint served as the exclusive financial advisor to SGC. Terms of the transaction were not disclosed.

Founded in 1982, Simmons Grain Company (www.simmonsgrain.com) is a supplier of organic soybean meal to the organic poultry and egg industries. SGC’s commitment to customer service and its ability to produce consistent, high-quality organic soybean meal have made the Company an industry leader.

Headquartered in Columbus, Ohio, Stonehenge Partners is a national private investment firm that directs the investment activities for approximately $1 billion in mezzanine and equity commitments.

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

Pelican Parts, LLC has sold to ECS Tunings, LLC

ECS Tunings, LLC has acquired the assets of Pelican Parts, LLC (“Pelican Parts”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to Pelican Parts. Terms of the transaction were not disclosed.

Pelican Parts, headquartered in Harbor City, California, USA, is a premier e-commerce retailer of aftermarket automotive parts for European vehicles. For more than 20 years, Pelican Parts has provided parts and technical information to car enthusiasts all over the world.

ECS Tunings, LLC, a portfolio company of Bertram Capital, is a diversified e-commerce platform for European automotive parts. Based in Wadsworth, Ohio, the Company also offers products under several brands, including its owned brands: ECS Tuning, Ziza, Alzor, Bremmen, and Schwaben.

Bertram Capital is a private equity firm based in San Mateo, California that specializes in consumer and technology industries. Bertram Capital seeks to supply operational and strategic resources to existing management teams in order to help companies unlock their full potential.

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

Kleen Polymers Acquired by Preferred Compounding

Wadsworth, OH based Kleen Polymers, Inc. (“Kleen Polymers” or the “Company”) has been acquired by Preferred Compounding (“Preferred”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to the Company. Terms of the transaction were not disclosed.

Founded in 1991, Kleen Polymers is a custom rubber compounder specializing in non-black elastomers. The acquisition of Kleen Polymers is expected to greatly expand Preferred’s mixing capability in ultra-clean high performance compounds.

Preferred Compounding is the second largest rubber compounder in North America with headquarters located in Copley, OH. Preferred Compounding is capable of mixing practically every polymer and has five facilities in the U.S. and one in Mexico. The Kleen compounding business will continue to operate at its existing facility as part of Preferred’s North American operations.

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

PVS Steel Services, Inc. Acquires International Steel Services, Inc.

PVS Steel Services Inc., a division of PVS Chemicals Inc. (‘PVS”), acquired International Steel Services, Inc (“ISSI”). Terms of the transaction were not disclosed.

EdgePoint served as exclusive sell-side advisor to ISSI.

Founded in 1989, with over 400 employees worldwide, ISSI, a ferrous chloride management business, offers design, build and operation services of hydrochloric acid regeneration facilities and acid blending services to the oil and gas markets.

PVS, which offers a broad multitude of chemicals and services in North America, has been in business since 1945, and has 900 employees worldwide. In addition to its businesses in the United States, PVS also has facilities in Europe, Canada and Asia.

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