Building Products

Client/Company Business Transaction
Addison Products Company and WeatherKing Corporation (Addison, MI) Manufacturers and marketers of residential unitary heating and cooling equipment Sold to: Rheem Manufacturing (New York, NY) Subsidiary of Paloma Ltd. (Tokyo, Japan)
Adorn, Inc., (Elkhart, IN) Manufacturer of wallboard and wood building components for the manufactured housing and recreational vehicle industries Sold to: Linsalata Capital Partners (Cleveland, OH)
Arnco Corporation
(Elyria, OH)
Leading developer and manufacturer of high-quality, high-density polyethylene (HDPE) conduit used primarily by the telecommunications and energy industries Sold to: Audax Group (Boston, MA)
Amweld Building Products, Inc. (Garrettsville, OH) Manufacturer of custom and standard hollow metal doors. Sold to: Midwest Metal Products, Inc. (Beachwood, OH)
Anvil Inc. (Mars, PA) and Canvil Ltd. (Simcoe, Ontario, Canada) Subsidiaries of Sporran, Inc. (Mars, PA) Manufacturers of specialty forged steel valves and fittings. Sold to: Tyco Laboratories, Inc. (Exeter, NH)
Artesian Plumbing Products, Inc. (Mansfield, OH) Manufacturer and retailer of china, plastic and faux-marble plumbing products Sold to: Crane/Fiat Ltd. (Evanston, IL)
Bankruptcy Estate of Sanymetal (Vanceburg, KY) Manufacturer of decorative injection plastic and plastic-laminated toilet and shower partitions Sold to: Crane/Fiat Ltd. (Evanston, IL)
Blazon Tube Company Division (West Point, MS) of Par Industries, Inc. (Medina, OH) Manufacturer of light and medium gauge circular steel tubing Sold to: Leggett & Platt, Inc. (Carthage, MO)
Bock Products, Inc. (Elkhart, IN) Leading manufacturer of heavy duty rectangular structural tubing. Sold to: Bull Moose Tube Co. Subsidiary (St. Louis, MO), of Caparo Industries Plc., (London, England)
Brunswick Technologies Inc. (Brunswick, ME) Leading manufacturer of stitchbonded engineered composite reinforced fabrics made from fiberglass, carbon and other fibers Sold to: Saint-Gobain (Paris, France)
Cohesant Technologies, Inc.
(Indianapolis, IN)
Protection and renewal of water systems, manufacturer of plastics equipment and speciality coatings Sold GlasCraft subsidiary to Graco, Inc. (Minneapolis, MN) and spun off CIPAR subsidiary to current shareholders (Fairness Opinion and tax appraisal)
Crossmann Communities, Inc. (Indianapolis, IN) Developer and builder of residential homes Sold to: Beazer Homes USA, Inc. (Atlanta, GA)
Crossmann Communities, Inc. (Indianapolis, IN) Developer and builder of residential homes. $21,000,000 initial public offering of common stock
ENPAC
(Eastlake, OH)
Manufacturer of plastic spill prevention, secondary spill containment and industrial handling products Financial advisory services
Fabwel, Inc. (Elkhart, IN) Manufacturer of aluminum, steel, vinyl and sheet glass exterior building components. Sold to : Fiberboard Corporation (Dallas, TX)
Gibraltar Steel Corporation (Buffalo, NY) Leading manufacturer of commercial and residential building products, leading metal processor and leading commercial heat treater $69,230,000 follow-on offering of common stock
Gibraltar Steel Corporation (Buffalo, NY) Leading manufacturer of commercial and residential building products, leading metal processor and leading commercial heat treater $25,000,000 placement of senior subordinated notes
Gibraltar Steel Corporation (Buffalo, NY) Leading manufacturer of commercial and residential building products, leading metal processor and leading commercial heat treater $25,000,000 placement of senior secured notes
Gibraltar Steel Corporation (Buffalo, NY) Leading manufacturer of commercial and residential building products, leading metal processor and leading commercial heat treater $75,000,000 placement of senior secured STEP notes
Hancor Inc. (Findlay, OH) Manufacturer of corrugated plastic PVC drainage pipe. Sold to: Citicorp Venture Capital (New York, NY)
National Enterprises Inc. (Lafayette, IN) Manufacturer of prefabricated homes. Sold to: ferrous Inc. (Toronto, Ontario, Canada)
The Gibson-Homans Company (Twinsburg, OH) Leading manufacturer of adhesives, sealants and coatings for building construction and maintenance Sold to: Gardner Asphalt (Tampa, FL)
TruSeal Technologies, Inc. (Beachwood, OH), a portfolio company of Kirtland Capital Corporation (Cleveland, OH) Leading manufacturer of engineered spacers and sealant systems for insulated windows. Sold to: Quanex Corporation (Houston, TX)
Zaring Homes Inc. (Cincinnati, OH) Developer and builder of residential homes. $27,000,000 initial public offering of common stock.