Automotive

Client/Company Business Transaction
30% Interest in Comau, Spa (Torino, Italy) owned by Allied Corporation (Morristown, NJ) Leading European designer and manufacturer of machine tools, assembly machines, automation equipment and robotics Sold to: FIAT Spa (Torino, Italy)
AC Material Handling Corp. (Columbus, OH) Manufacturer of industrial lift trucks and lift truck parts Acquired: Lift Truck Division (Mattison, IL) of Allis Chalmers Corp. (Milwaukee, WI)
ADESA, Inc. (Carmel, IN) Wholesale auctioneer of used automobiles $23,000,000 initial public offering of common stock.
AVM Holdings, Inc.
Holding company established to acquire manufacturer of hydraulic cylinders and actuators for the OEM and aftermarket automotive industry Raised acquisition financing
Airflow Research and Manufacturing Corp. (Watertown, MA) Engineering and manufacturing of ultra-high efficiency automotive fans Sold to: Robert Bosch, GmbH (Stuttgart, Germany)
American Bumper & Manufacturing Company (Ionia, MI) Manufacturer of automotive and light truck bumper systems Sold to: Windward Capital Partners (New York, NY)
Bankruptcy Estate of Carpenter Body Works, Inc. (Richmond, IN) Manufacturer of school bus bodies Sold to: CBW, Inc. (Mitchell, IN)
Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Diversified manufacturer of automotive, aerospace, telecommunications and pharmaceutical products including diatomaceous earth and perlite. Financial Advisor to Debtor in Bankruptcy Restructuring with value of $819,000,000.
Bankruptcy Estate of Geneva Rubber Company (Geneva, OH) Manufacturer of molded rubber products for the automotive industry Sold to: Park-Ohio Industries, Inc. (Cleveland, OH)
Bankruptcy Estate of Sudbury Corporation (Cleveland, OH) Industrial conglomerate involved in metal foundry, machining, fabrication and chemicals. Financial Advisor to Debtor in Bankruptcy Restructuring with value of $100,000,000.
Bendix Industrial Group Subsidiary (Cleveland, OH) of Allied Corporation (Morristown, NJ) Multi-plant designer and manufacturer of custom and standard machine tools Sold to: Cross & Trecker Corporation (Detroit, MI)
Budget Group, Inc. (Daytona, FL) Car and truck rental company $175,475,000 follow-on offering of common stock
Budget Group, Inc. (Daytona, FL) Car and truck rental company $59,800,000 follow-on offering of common stock
The Burger Iron Company
(Mogadore, OH)
Steel service center and fabricator specializing in heavy gauge steel plate Recapitalization through the repurchase of common stock
Challenger Wrecker Manufacturing, Inc. Subsidiary (Elkhart, IN), of Bankruptcy Estate of Grabill Corp. (Chicago, IL) Company involved in engineering and fabrication of wrecker vehicles. Sold to: B&B Industries, Inc. (Norcross, GA)
Damon Corporation (Elkhart, IN) Leading manufacturer of Class A motor coaches and recreational park trailers Sold to: Thor Industries Inc.(Jackson Center, OH)
Defiance Inc. (Cleveland, OH) Manufacturer of cam roller followers. Sold to: The General Chemical Group, Inc. (Hampton, NH)
FinishMaster, Inc. (Indianapolis, IN) Distributor of automotive paints to the automotive collision repair industry. Acquired: LDI Autopaints, Inc. (Indianapolis, IN)
FinishMaster, Inc. (Indianapolis, IN) Distributor of automotive paints to the automotive collision repair industry. Fairness Opinion in repurchase of common stock.
Forest City Auto Parts (Cleveland, OH) Fifty-store retail automotive parts chain. Sold to: Tyler Corporation (Dallas, TX)
Four Wheel Drive Hardware, Inc. (Columbiana, OH) Leading catalog retailer of Jeep aftermarket products. Sold to: Pfingsten Partners LP (Deerfield, IL)
Gerstenlager Company
(Wooster, OH)
Manufacturer of exterior sheet metal components for the automotive service and original equipment markets Sold to: Worthington Industries, Inc.
(Columbus, OH)
Gradall Industries, Inc. (New Philadelphia, OH) Leading manufacturer of rough-terrain, variable-reachmaterial handlers and telescoping hydraulic excavators $23,562,500 follow-on offering of common stock
Gradall Industries, Inc. (New Philadelphia, OH) Leading manufacturer of rough-terrain, variable-reachmaterial handlers and telescoping hydraulic excavators $40,250,000 initial public offering of common stock.
Group Dekko, consisting of Pent Technologies, Inc. and Dekko Technologies, Inc. (Kendallville, IN) Provider of highly engineered electrical, wire, plastic and metal subcomponents and finished products for diverse end markets. Sold to: Centre Partners Management LLC (New York, NY, Los Angeles, CA and Dallas, TX)
Hawk Corporation (Cleveland, OH) Diversified manufacturer of specialized components for industrial, commercial, automotive and aerospace markets $100,300,000 initial public offering of common stock
Hawk Corporation (Cleveland, OH) Diversified manufacturer of specialized components for industrial, commercial, automotive and aerospace markets Placement Agent for $53,000,000 arrangement of senior secured bank financing
Insilco Holding Co. (Columbus, OH) Automotive parts manufacturer. Sold to: ThermaSys Holding Company (New York, NY)
Keystone RV Company (Elkhart, IN) Marketer and manufacturer of towable RV products. Recapitalization via: Summit Partners (Boston, MA)
L.E. Technologies, LLC (Elkhart, IN), a portfolio company of Stonehenge Partners (Columbus, OH) Manufacturer of steel fabricated frames and parts for the recreational vehicle and mobile home markets Sold to: Mellon Ventures, Inc. (Atlanta, GA)
LRV, Inc. and Affiliates (Elkhart, IN) Manufacturer of plastic pick-up truck bed liners and toolboxes. Sold to: Lancaster Colony Corporation (Columbus, OH)
MascoTech, Inc. (Taylor, MI) Diversified metal forming processor with proprietary products serving transportation, industrial, and consumer markets. Sold to: Heartland Industrial Partners, LLP (New York, NY)
Maynard Manufacturing Company (Chesterfield, MI), a portfolio company of American Acquisition Partners(Morristown, NJ) Manufacturer of stainless steel automotive fasteners. Sold to: MacLean - Fogg, Inc. (Mandelein, IL)
Metalforming Technologies Inc.
(Chicago, IL)
Major supplier of metal formed components and assemblies for automotive industry ($200+ million sales) Financial advisor to unsecured creditors committee in the company's Chapter 11 case; sold to affiliate of Patriarch Partners LLC (New York, NY)
Midwest Stamping & Manufacturing Subsidiary (Bowling Green, OH) of Bankruptcy Estate of Grabill Corporation (Chicago, IL) Manufacturer of high volume automotive and non-automotive stampings. Sold to: Midwest Investors Acquisition (Starkville, MI)
The Ohio Moulding Company
(Willoughby, OH)
Leading provider of highly engineered roll formed products. Recapitalization of debt and equity by JPMorganChase.
Orthane Division (Denton, TX) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of highly engineered injection molded polyurethane seals and components. Sold to: US Farathane (Royal Oak, MI)
Park-Ohio Holdings Corp.
(Cleveland, OH)
Diversified manufacturer and distributor. Financial advisory services
Plastics Division (Grabill, IN) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of interior trim products and interior lighting systems for the automotive industry. Sold to: Anderson Acquisition, Inc. (Southfield, MI)
Ramco Specialties, Inc.
(West Des Moines, IA)
Global distributor of automotive quality fasteners. Provided financial advisory services
Sharon Manufacturing Co. Subsidiary (Lambertville, MI) of Cooper Industries, Inc. (Houston, TX) Manufacturer of automotive OEM engine components. Sold to: Walbro Corporation (Cass City, MI)
Stylin' Concepts Corporation (Independence, OH) Direct marketer of automotive accessories and parts Sale to: Automotive Specialty Accessories and Parts (Chicago, IL) a portfolio company of The Riverside Company (Cleveland, OH)
Suspension Division (Southfield, MI) of Eaton Corporation (Cleveland, OH) Manufacturer of automotive and light truck leaf springs. Sold to: Oxford Automotive, Inc. (Troy, MI)
Team Rental Group, Inc. (Indianapolis, IN) Car and truck rental company. $52,000,000 follow-on offering of common stock
The Gerstentager Company (Wooster, OH) Manufacturer of exterior sheet metal components for the automotive service and original equipment markets. Sold to: Worthington Industries, Inc. (Columbus, OH)
Trim and Lighting Division (Kalkaska, MI) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of automotive seating and other trim components. Sold to: Eagle Trim Inc. (Kalkaska, MI)
TRW Inc. (Lyndhurst, OH) Diversified manufacturer of components for aerospace, defense and automotive markets. Co-Manager: $500,000,000 senior notes offering
Urethane Division (Sterling Heights, MI) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of urethane door trim panels, package trays, and energy absorption products for the automotive industry. Sold to: The Becker Group Inc. (Warren, MI)
WI Acquisition Corp. (Canton, OH) Manufacturer of diesel engines for military usage. Acquired: White Engine Co. (Canton, OH)
Wiseco Piston Company, Inc. (Mentor, OH) Manufacturer of high performance pistons for automotive, motorcycle, marine racing and aftermarket applications. Sold to: Dover Diversified, Inc. (New York, NY)
Zanxx, Inc. (Avilla, IN) Manufacturer of lamp sockets, lighting assemblies and other electrical components for the automotive industry. Sold to: Cooper Industries Inc. (Houston, TX)