Metals

Client/Company Business Transaction
Aeroquip Air Conditioning & Refrigeration Division (Ft. Wayne, IN) of Eaton Corporation (Cleveland, OH) Designer and manufacturer of specialized fluid conveyance and subassembles for air conditioners and refrigeration. Sold to: Parker Hannifin Corp. (Cleveland, OH)
Albion Wire, Inc. (Kendallville, IN) Drawing, stranding and bunching of fine wire at four plants in Indiana and Texas Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst(Dallas, TX)
Allied Die Casting & Manufacturing Subsidiary (Franklin Park, IL), of Bankruptcy Estate of Grabill Corp. (Chicago, IL) Manufacturer of aluminum die castings Sold to: RCM Corporation (Akron, OH)
American Compressed Steel, Inc. (Kansas City, MO)

Recycler of ferrous and non-ferrous scrap metal and demolition contractor

Sold to: The David J. Joseph Company (Cincinnati, OH) Subsidiary of Nucor Corporation (Charlotte, NC)
Anomatic Corporation
(Newark, OH)
Provider of high-volume anodized aluminum packaging components and custom decorative assemblies to global cosmetics packaging companies. Recapitalization by Brookstone Partners
(New York, NY)
Apex Corporation (Indianapolis, IN) Manufacturer of high precision jet turbine components and assemblies. Sold to: RDK Capital LP (Cleveland, OH)
Atlas Foundry and Machine Co. Division (Tacoma, WA) of Bankruptcy Estate of TIC United Corporation (Dallas, TX) Very large part, exotic metal foundry Sold to: Snyder Family Partnership, Ltd. (Dallas, TX)
Bankruptcy Estate of AL Tech Specialty Steel Corp. (Dunkirk, NY) Processor of stainless steel billets into long products. Sold to: Atlas Steel Inc. (Welland, Ontario, Canada)
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.
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)
The Burger Iron Company
(Mogadore, OH)
Steel service center and fabricator specializing in heavy gauge steel plate Recapitalization through the repurchase of common stock
Chemitrol Chemical Co. (Fremont, OH) Manufacturer of large propane and ammonia tanks Sold to: Harsco Corporation (Camp Hill, PA)
Claymont Steel Holdings, Inc.
(Claymont, DE)
Steel mini-mill specializing in heavy gauge ferrous-plate Sold to: Evraz Group S.A.
(Moscow, Russia)
(Fairness Opinion)
Dekko Wire Inc. (Kendallville, IN) Insulating of automotive wire at four plants in Alabama and Texas. Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst(Dallas, TX)
Drop Dies & Forgings Company (Cleveland, OH) Manufacturer of high quality, specialty forgings from difficult to forge metals serving aerospace, heavy-duty trucks, and other markets. Sold to: Precision Castparts Corporation (Portland, OR)
Elyria Foundry Company
(Elyria, OH)
Leading provider of medium and large-sized complex grey and ductile iron castings primarily for the energy industry and other critical applications. Recapitalized by: Silverhawk Capital Partners, LLC (Greenwich, CT) and members of management
Excel Mining Systems, Inc. (Bowerston, OH)
Leading producer of roof bolts and related roof support control products to the U.S. underground coal mining industry. Sold to: SPG Partners, LP
(New York, NY)
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
Hawthorn Manufacturing Corporation
(Independence, OH)
Manager and acquirer of metal tubing and fabrication producing companies Recapitalization of three operating units by PNC Bank, National Association
Henco Enterprises, Inc. Subsidiary (Niles, MI) of Bankruptcy Estate of Grabill Corporation (Chicago, IL) Machining facility specializing in aerospace components. Sold to: HHC Acquisition, Inc. (Niles, MI)
Hoosier Wire Inc. (Kendallville, IN) Drawing, stranding, bunching and PVC Insulating, and distributing of wire at five plants in Indiana. Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst(Dallas, TX)
Kropp Forge Division (Chicago, IL) of Bankruptcy Estate of TIC United Corporation (Dallas, TX) Manufacturer of large aerospace forgings. Sold to: Park-Ohio Holdings (Cleveland, OH)
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)
Luntz Corporation (Canton, OH) Recycler of ferrous and non-ferrous scrap metals Sold to: Philip Environmental, Inc. (Hamilton, Ontario, Canada)
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)
Naporano Iron & Metal Co. (Newark, NJ) Leading broker, processor and exporter of ferrous and non-ferrous scrap metal in New York Harbor. Sold to: Metal Management, Inc. (Chicago, IL)
NN Ball & Roller, Inc. (Erwin, TN) Manufacturer of ball and roller bearings. $42,418,433 follow-on public offering of common stock.
NN Ball & Roller, Inc. (Erwin, TN) Manufacturer of ball and roller bearings. $32,200,000 initial public offering of common stock.
The Ohio Moulding Company
(Willoughby, OH)
Leading provider of highly engineered roll formed products. Recapitalization of debt and equity by JPMorganChase.
Olympic Steel Inc. (Bedford Heights, OH) Steel service center. $62,500,000 follow-on offering of common stock.
OmniSource Corporation (Ft. Wayne, IN) Diversified scrap metal processing and trading concern. Acquired: Jackson Iron & Metal Co. (Jackson, MI)
Presque Isle Corporation (Presque Isle, MI) jointly owned by LTV Steel (Cleveland, OH) National Steel (South Bend, MI) Bethlehem Steel (Bethlehem, PA) Lake based metallurgical limestone mine. Sold to: Lafarge Corporation (Herndon, VA)
PTC Alliance Corp
(Wexford, PA)
Manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts and precision components ($250+ million sales) Financial advisor to the company in its out-of-court recapitalization and conversion of secured indebtedness to new preferred stock and minority to common equity
RDK Capital Limited Partnership (Cleveland, OH) Manufacturers of aerospace components. Acquired: Heintz Corporation (Philadelphia, PA)
RDK Capital Limited Partnership (Cleveland, OH) Manufacturer engaged in heat treating and brazing of aerospace components. Acquired: Aerobraze Corporation (Cincinnati, OH) Subsidiary of Bankruptcy Estate of Grabill Aerospace Company (Chicago, IL)
Reliance Steel & Aluminum Co. (Los Angeles, CA) Steel service center. $137,500,000 follow-on offering of common stock.
Sharon Custom Metal Forming (Farrell, PA)

Manufacturer of highly-engineered roll-formed products for various end markets

Sold to: Roll Forming Corp., a subsidiary of voestalpine AG (Krems, Austria)
Silicones, Inc. (Kendallville, IN) Stranding, bunching and silicone insulating of high-temperature wire for appliance industry at an Indiana plant. Sold to: International Wire Group, Inc. (St. Louis, MO), a portfolio company of Hicks, Muse, Tate & Furst (Dallas, TX)
Sinter Metals, Inc. Manufacturer of metal powder precision components. $60,720,000 follow-on offering of common stock.
Steel Dynamics, Inc. (Butler, IN) Steel mini-mill company formed by three steel industry entrepreneurs. Raising of $380,000,000 to develop company.
Steel Dynamics, Inc. (Butler, IN) Steel mini-mill company formed by three steel industry entrepreneurs. $181,125,000 initial public offering of common stock.
Stegemeyer Screw Corp. & National Screw Corp. Subsidiaries (Chicago, IL) of Bankruptcy Estate of Grabill Corporation (Chicago, IL) Manufacturers and distributors of fasteners Sold to: Quality Screw Company (Bensonville, IL)
Suspension Division (Southfield, MI) of Eaton Corporation (Cleveland, OH) Manufacturer of automotive and light truck leaf springs. Sold to: Oxford Automotive, Inc. (Troy, MI)
Trust Technologies, Inc. (Willoughby, OH) Manufacturer of high precision airframe and jet turbine components. Sold to: RDK Capital LP (Cleveland, OH)
W. Pat Crow Forgings Division (Ft. Worth, TX) of Bankruptcy Estate of TIC United Corporation (Dallas, TX) Manufacturer of aluminum aerospace forgings. Sold to: WPC, Inc. (Bainbridge, OH)
West Michigan Steel Foundry Division (Muskegon, MI) of Bankruptcy Estate of TIC United Corporation (Dallas, TX) Grey iron foundry. Sold to: Michigan Steel, Inc. (Downers Grove, IL)
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)