|Mar 2017||J.T. Shannon Lumber Company||
J.T. Shannon Lumber CompanyMontezuma, Indiana
Bengur Bryan and Equity Partners HG advised The J.T. Shannon Lumber Company on the sale of its Superior Hardwoods division, including its state of the art sawmill located in Montezuma, Indiana to the Baillie Lumber Company of Hamburg, New York.
The J.T. Shannon Lumber Company is a leading manufacturer of precision cut hardwood lumber with revenue of approximately $85 million annually. Up until the sale, J.T. Shannon operated three related businesses: a sawmill/lumber manufacturing business, lumber concentration yards, and an engineered wood flooring manufacturing business. After the sale of the Montezuma sawmill, the Company’s remaining operations are located predominately in Horn Lake, Mississippi, just outside of Memphis. In addition, J.T. Shannon has an international sales office in Shanghai, China and sales agents in Europe and Mexico.
Superior Hardwoods is located on a 60-acre site and produces in excess of 27 million board feet of lumber per year. Due to the favorable growing conditions in the immediate area, the saw mill is able to get a very high percentage of FAS grade lumber.
|Sell-Side Advisory Services on the Sale of Superior Hardwoods to Baillie Lumber Company|
|May 2016||Rowe Industries||
Rowe IndustriesPembroke Park, Florida
Bengur Bryan advised Rowe Industries on its sale of its Silicone Tape business to Seal It Services, Inc., a subsidiary of the UK based Seal It Services Limited which is a subsidiary of Astral Poly Technik Ltd, India. The sale included Rowe’s Silicone ER Tape, first used by the US Military, an award-winning silicone repair tape for emergencies and all-purpose repairs. ER Tape creates an air-tight, waterproof seal in seconds. ER Tape has 950 psi tensile strength, insulates 8,000 volts per layer, and withstands temperatures up to 500° Fahrenheit.
Seal It Services purchased the ER Tape brand and associated production plant, as well as exclusive manufacturing rights. This transaction facilitates Seal It Services’ entry into the US market and provides it with a lucrative product line addition for its international markets.
Bengur Bryan advised and negotiated the terms of the transaction on behalf of Rowe Industries with Seal It Services and Astral Poly Technik. Bengur Bryan’s senior bankers were involved in all steps of the transaction from the initial meetings through closing. The work included site visits, due diligence, interacting with the purchaser’s accounting advisors, negotiating the purchase price, reviewing and finalizing terms of the purchase agreement with the buyer’s and seller’s legal teams.
About Rowe Industries
Rowe Industries is also the leader in the manufacture of high voltage silicone wire for the US market. Rowe designs, manufactures, and tests its own silicone rubber compounds in-house, allowing complete control over material quality.
About Seal It Services
In 2014, Seal It Services established a joint venture agreement with Astral Poly Technik Ltd – an Indian PLC and one of that country’s fastest growing manufacturers of pipes and piping systems. This partnership has enabled the company to further its aggressive plans for expansion on a truly global scale. For almost two decades, the company has been a manufacturer of high performance, high quality building chemicals such as sealants, adhesives, grouts, cleaners, expanding foams, fillers, decorating sundries and other similar products.
About Astral Poly Tecknik LTD
Astral Poly Technik Limited (BSE: 532830 | NSE: ASTRAL) was established in 1999 with a single-minded purpose to manufacture absolutely the best plumbing & drainage system in India. Astral today manufactures CPVC plumbing systems for both residential and industrial applications, and also ASTM solvent weld lead free PVC plumbing systems.
|Sell Side Advisory Services in the Sale of the Silicone Tape Business to Seal It Services, Inc.|
|Dec 2015||Self Industries, Inc.||
Self Industries, Inc.Birmingham, Alabama
Bengur Bryan & Co., Inc. advised Self Industries, Inc. in its sale to Ringmetall AG.
Ringmetall AG, an exchange-listed, German-based company providing specialty products to the industrial packaging industry for transport of hazardous materials, has acquired Self Industries, Inc. Self Industries will continue to operate under the same name and management structure serving its North and Central American customers with specialty closure systems, gasketing solutions and specialty stamped parts.
Self Industries is the leader in manufacturing, distributing, and selling locking rings for industrial drums and component parts including gaskets, nuts and bolts and other accessories for steel, plastic and fiber drums and pails.
|Sell-Side Advisory Services in the Sale to Ringmetall, AG|
|Oct 2014||American National Rubber||
American National RubberHuntington, West Virginia
Bengur Bryan & Co., Inc. represented American National Rubber (“ANR”) in the sale of its Bun Processing Division to Jacobs & Thompson, Inc.
American National Rubber (“ANR” or the “Company”), located near Huntington, West Virginia, is a leading manufacturer of closed cell sponge rubber products. Prior to the sale of its Bun Processing Division ANR’s products included both full buns, split sheets and rolls which are used in a variety of industrial products including automotive parts, building materials, construction and for other industrial applications. ANR will now focus exclusively on the manufacture of full bun products for the sale to fabricators, die cutters and other further closed cell rubber processors.
|Financial Advisory Services in the Sale of the Bun Processing Division to Jacobs & Thompson, Inc.|
|Jul 2014||ElectroCraft, Inc.||
ElectroCraft, Inc.Dover, New Hampshire
Bengur Bryan acted as exclusive financial advisor to ElectroCraft, Inc. in its purchase of Hansen Corporation and arranged $5.5 million of senior subordinated debt and equity. The acquisition of Hansen combined with the substantial ElectroCraft product lines and motion solutions portfolio presents comprehensive solution for fractional horsepower electric motors, servo/stepper drives and motion control.
The benefit of the acquisition goes beyond the complimentary products and services. ElectroCraft welcomes the Hansen Engineering team to its substantial worldwide design group. Both groups are known for custom and configured solutions in their respective markets and the combined team will bring further innovation. The design teams are also supported by the venerable global manufacturing groups of both companies. “The most compelling aspect of the combination of Hansen and ElectroCraft is the value that it brings to our customers. Hansen and ElectroCraft have very complimentary motion control portfolios and the integration of the companies will allow us to better service the project needs of our existing and future customers,” said ElectroCraft CEO, Mike Karsonovich.
|Buy Side Advisory Services in the Acquisition of Hansen Corporation|
|Dec 2012||Mission Critical Electronics, Inc.||
Mission Critical Electronics, Inc.Santa Ana, California
Bengur Bryan acted as financial advisor to Mission Critical Electronics, Inc. (MCE), a portfolio company of Evolve Capital, in privately placing $22.8 million of senior notes with Praesidian Capital and Plexus Capital.
Based in Santa Ana, California, MCE is a leading manufacturer of mission critical, specialized electronic products. The Company is the preeminent provider of electronic products to the $4.0 billion EV market, and a dominant player in multi-billion dollar sub-segments of the marine and telecom markets, having significant brand recognition for durable and quality products capable of withstanding the most extreme environments possible.
Evolve Capital is a private equity firm focused exclusively on leveraged recapitalizations of entrepreneurial businesses. Evolve was founded in 2005, but its principals have been partnering with entrepreneurs since 1993. It seeks to partner with companies with $2.5 to $4.0 million of EBITDA and a track record of growth.
|Private Placement of $22.8 Million of Senior Notes|
|Dec 2008||American National Rubber||
American National RubberGeorgetown, DE
The assets of American National Rubber (ANR) were purchased by D&B Industrial Group of Georgetown, Delaware. D&B owns and operates manufacturing companies in the plastics, wire and cable, and medical industries.
American National Rubber is a leading manufacturer of closed cell sponge products. Products include stripping, gaskets, seals, insulators and convoluted tubing as well as full buns and sheets formed by electronically controlled vacuum splitters. Closed cell sponge rolls up to 400 feet long are manufactured using spliced joints that enable longer lengths and are virtually impossible to detect. The Company also offers value added products using pressure sensitive adhesives applied to closed cell sponge products. ANR will continue to produce the high quality rubber products it has been known for over the last 50 years. All products will continue to be sold under the American National Rubber brand name. Please visit www.anr-co.com for a complete list of products and services.
|Sell-Side Advisory Services in the Sale to D&B Industrial Group|
|Mar 2005||Monarch Rubber Company||
Monarch Rubber CompanyBaltimore, MD
Bengur Bryan & Co., Inc. advised Monarch Rubber Company in its sale to Armacell International GmbH. Bengur Bryan advised Monarch and its shareholders on its financial and strategic alternatives and subsequently initiated and negotiated the transaction.
Monarch, a 75 year-old family-owned business, is a leading manufacturer and developer of high quality cellular rubber and plastic foam materials used in automotive, electronic, footwear, sporting goods, marine and other industrial applications.
The Munster, Germany-based Armacell is a global market leader in flexible foam insulations and technical foams. Armacell has 18 production facilities in North and South America, Asia, Australia and Europe. Armacell is a portfolio company of Gilde Investment Management N.V., a Dutch investment company, and CVC Capital Partners, a leading multinational private equity firm.
|Sell Side Advisory Services in the Sale to Armacell International GmbH|
Bengur Bryan & Co., Inc. advised the Board of Directors of Duratek, Inc. (NASDAQ: DRTK), a leading provider of radioactive materials disposition, in the repurchase of approximately $50 million of Convertible Preferred Stock held by investment partnerships controlled by The Carlyle Group.
Duratek is a leading provider of radioactive materials disposition services and an operator of nuclear facilities primarily in the United States. These services include radioactive and hazardous waste characterization; storage, processing, packaging, transportation, and disposal services; nuclear facility commissioning, operations, and decommissioning; technology and engineering; and on-site environmental remediation services on large government projects.
The Carlyle Group is one of the world’s largest private equity firms, with approximately $30 billion under management. Carlyle manages 31 funds across four investment disciplines (buyouts, venture capital, real estate and leveraged finance) around the world.
In Duratek’s repurchase of preferred stock from Carlyle, Bengur Bryan provided a solvency opinion to the Company’s board of directors.
|Buy Side Advisory Services in the Repurchase of Approx. $50 Million of Convertible Preferred Stock|
|Jun 2003||Greene Natural Fibers||
Greene Natural FibersSnow Hill, NC
Bengur Bryan & Co., Inc. advised Greene Natural Fibers, Inc. (GNF), in the sale of a minority interest in GNF to DIMON Incorporated (NYSE: AOI).
Greene Natural Fibers is the largest grower and processor of kenaf fibers in North America, and Dimon Incorporated (now Alliance One International, as a result of the merger of Dimon with Standard Commercial Corporation), is a leading independent leaf tobacco merchant.
GNF has adopted a quality oriented, textile approach to fiber processing and is now the leading supplier of kenaf bast fibers and core products in North America. Kenaf bast fibers are used by the nonwoven industry as interior automobile door paneling, flame retardant padding for furniture, and stiffeners in a wider variety of molded products. Kenaf core fiber is used as an absorbent material for animal bedding and other applications.
Dimon made a strategic investment in GNF to take advantage of Dimon’s core competencies in the processing and marketing of agricultural products and to extend its product line beyond tobacco leaf.
|Private Placement and Advisory Services in the Sale of a Minority Interest to DIMON Inc.|
|Feb 2001||Environmental Elements Corporation||
Environmental Elements CorporationBaltimore, MD
Bengur Bryan acted as the financial advisor to Environmental Elements Corporation (EEC) in performing an analysis of potential capital requirements regarding the Company’s growth prospects.
Environmental Elements Corporation (AMEX: EEC) provides equipment, services, and systems to the air pollution control industry. The Company’s systems allow businesses in the paper, waste-to-energy, rock products, metal, and petrochemical industries to comply with particulate and gaseous emissions standards. The Company also supplies replacement parts for its own systems.
Bengur Bryan advised RailWorks in the acquisition of certain assets of Western Tar Products.
RailWorks Corporation is a leading nationwide provider of integrated rail system services and products. With over 33 facilities located in 17 states, RailWorks’ companies are active in new construction, rehabilitation, repair and maintenance of track, signaling, communications, electrical and other track-related systems, rail products manufacturing and supply. Prior to completion of the acquisitions, the combined RailWorks’ companies represented annual revenue in excess of $400 million.
Western Tar Products has operations located in Terre Haute, IN and Memphis, TN. The Company’s tar distillation division produces creosote oil and refined coal tar, which it uses in its railroad tie manufacturing process and also sells to other companies for wood treatment and manufacturing of asphalt pavement sealer. The wood treating division manufactures cross ties and switch ties, which it sells to class I railroads, regional railroads, transit authorities and railroad contractors.
|Buy Side Advisory Services in the Acquisition of Western Tar Products Corporation|
Bengur Bryan advised RailWorks in the acquisition of Midwest Railroad Construction & Maintenance Corporation. RailWorks Corporation is a leading nationwide provider of integrated rail system services and products. With over 33 facilities located in 17 states, RailWorks’ companies are active in new construction, rehabilitation, repair and maintenance of track, signaling, communications, electrical and other track-related systems, and rail products manufacturing and supply. Prior to completion of the acquisitions, the combined RailWorks companies represented annual revenue in excess of $300 million.
Midwest, based in Salt Lake City, UT, focuses primarily on providing track maintenance and construction services to the mining industry throughout the Rocky Mountain region.
|Buy Side Advisory Services in the Acquisition of MidWest Railroad Construction & Maintenance Corporation|
Bengur Bryan advised RailWorks in the acquisition of FCM Rail, Ltd. RailWorks Corporation is a leading nationwide provider of integrated rail system services and products. With over 33 facilities located in 17 states, RailWorks’ companies are active in new construction, rehabilitation, repair and maintenance of track, signaling, communications, electrical and other track-related systems, and rail products manufacturing and supply. Prior to completion of the acquisitions, the combined RailWorks companies represented annual revenue in excess of $300 million.
Headquartered in Grand Blanc, MI, FCM leases state-of-the-art track construction and maintenance equipment to Class I railroads, short lines, rail industry contractors and transit authorities.
|Buy Side Advisory Services in the Acquisition of FCM Rail|
|Dec 1998||Kershaw Manufacturing||
Kershaw ManufacturingMontgomery, AL
Bengur Bryan advised Kershaw and its shareholders in its sale to Progress Rail Services. Kershaw is a leading manufacturer and developer of railway track and maintenance-of-way equipment.
Progress Rail Services is one of the largest integrated processors of railroad materials in the United States and is a leading supplier of new and reconditioned freight car parts, rail, rail welding and maintenance-of-way equipment. It has facilities in 20 states, Canada and Mexico.
|Sell Side Advisory Services in the Sale to Progress Rail Services|
|Dec 1997||The James Myers Co., Inc.||
The James Myers Co., Inc.
|Aug 1997||Precision Alternator & Starter||
Precision Alternator & StarterWinchester, VA
Bengur Bryan advised the management of the Precision’s Worldwide Automotive division in its sale to Delco Remy Int’l, Inc.
Worldwide Automotive is the largest importer and distributor of re-manufactured alternator and starters primarily for import automobiles in the U.S. In addition, the Company remanufactures alternators and starters for a limited number of vehicle makes at its facility in Chantilly, VA. Worldwide is a leading provider of alternators and starters to large retailers including Autozone and Advanced Auto Parts.
Delco Remy is leading manufacturer of a broad range of auto parts.
|Sell Side Advisory Services in the Sale to Delco Remy International, Inc.|
|Aug 1997||Dymetrol Company, Inc.||
Dymetrol Company, Inc.Wilmington, DE
Bengur Bryan advised Dymetrol in its sale to its management.
Dymetrol is the leading developer and manufacturer of ultra-high strength extruded nylon, elastomeric polyester and acetyl strap and drive tape products in the world. The products are produced using a proprietary manufacturing technology which orients the polymers’ molecules to create straps that are more flexible, corrosion resistant and safer than steel products and stronger and more durable than substitute synthetic products. The Company’s primary products are nylon strap to secure products to shipping pellets; mechanical drive tapes used primarily in the automotive industry; and a strap for bundling cabling and HVAC ducting.
|Sell Side Advisory Services in the Sale to Its Management|
|Oct 1996||Master Power, Inc.||
Master Power, Inc.Westminster, MD
Bengur Bryan advised Master Power on its sale to Cooper Industries, Inc. Bengur Bryan identified Cooper Industries as a strategic acquirer of Master Power that could provide the resources to Master Power to continue its growth and plus meet the financial goals of Master Power’s shareholders.
Master Power manufactures and distributes a broad line of high quality, hand-held pneumatic tools as well as related accessories and parts for specialty industrial use, both in the U.S. and for export. The Master Power trade name is recognized for the superior quality and reliability of its products and is particularly well known for its high quality line of screwdrivers and abrasive tools. Key markets served by Master Power are manufacturers in the furniture, mobile home, recreational vehicle, woodworking, ship and boat building, fabricated metal and automotive industries.
Cooper Industries, Inc. (NYSE: CBE) is a Houston-based, $6.5 billion market value global manufacturer of electrical products; tools and hardware; and automotive products.
|Sell Side Advisory Services in the Sale to Cooper Industries, Inc.|
|Feb 1996||Free State Industries, Inc.||
Free State Industries, Inc.Baltimore, MD
Bengur Bryan advised Free State in its sale to Equipment Rental, Inc. Free State is a leading provider of aerial lift equipment for rent and sale in the Mid-Atlantic States. Free State rents primarily JLG equipment and is a JLG distributor in the region.
Equipment Rental, Inc. is a leading provider of industrial and construction equipment for rent, primarily in the northeastern U.S. Free State provided Equipment Rental a leading market share in the Baltimore/Washington area.
|Sell Side Advisory Services in the Sale to Equipment Rental, Inc.|
|Feb 1995||Infomin Textiles, Inc.||
Infomin Textiles, Inc.
|Jan 1993||Western Petroleum Services International Co.||
Western Petroleum Services International Co.
|Nov 1991||Nordic American Oil Co. Delaware, Inc.||
Nordic American Oil Co. Delaware, Inc.
|Aug 1991||Gerrity Oil and Gas Corp.||
Gerrity Oil and Gas Corp.