SELECTED CONSUMER & INDUSTRIAL TRANSACTIONS

 

 

CLIENT
Altana Chemie AG

INDUSTRY
Manufacturer of specialty pigments, paint additives, packaging coatings and wire insulation

SUMMARY
Stonebridge was retained by German-based Altana to assist the Company in an acquisition that would extend its overprint varnish business into North America.

TRANSACTION TYPE
Buy-side advisory

SELLER
Kelstar International

DEAL SIZE
Not disclosed


CLIENT
The Butcher Company

INDUSTRY
Branded floor care and cleaning products for commercial and industrial applications

SUMMARY
Following a highly competitive auction, Stonebridge successfully sold 100-year old The Butcher Company to a leading provider of floor care and cleaning products.

TRANSACTION TYPE
Sell-side advisory

BUYER
JohnsonDiversey, Inc. (formerly Johnson Wax Professional)

DEAL SIZE
$128 million


CLIENT
Credit Data of New England

INDUSTRY
Provider of credit risk decisions and risk management products to credit providers and collection agencies in New England

SUMMARY
Stonebridge was hired to implement a successful sale of the Company to a new ownership group which included key senior managers.

TRANSACTION TYPE
Sell-side advisory

BUYER/SELLER
Marshall Financial Partners, L.P. and Management

DEAL SIZE
Not disclosed


CLIENT
Dead River Company

INDUSTRY
Distributor of petroleum products in Northern New England and developer of commercial real estate properties

SUMMARY
Dead River engaged Stonebridge to evaluate, structure and implement a strategy to provide liquidity for the equity interest of one of the Company's major shareholders.

TRANSACTION TYPE
Financial advisory/ recapitalization


CLIENT
Feinstein Kean Partners

INDUSTRY
Leading communications and business consulting practice serving the healthcare industry

SUMMARY
Stonebridge was retained to negotiate and structure a sale of the Company to an acquiror who would provide both the capital and the global reach necessary for the Company to achieve its strategic growth objectives.

TRANSACTION TYPE
Sell-side advisory

BUYER/SELLER
Ogilvy Public Relations Worldwide

DEAL SIZE
Not disclosed


CLIENT
Hershey Entertainment & Resort Company

INDUSTRY
Owns and operates amusement and hotel properties

SUMMARY
Hershey retained Stonebridge to assist in developing and implementing a comprehensive restructuring plan which included the refinancing of debt obligations and the divestiture of non-core assets.

TRANSACTION TYPE
Financial advisory/ restructuring


CLIENT
JohnsonDiversey, Inc./ CMA Dishmachines

INDUSTRY
Commercial dishmachine manufacturer

SUMMARY
JohnsonDiversey retained Stonebridge to assist the company in divesting CMA Dishmachines. Stonebridge contacted both domestic and international potential buyers, ultimately selling CMA to a global Italien food services equipment group.

TRANSACTION TYPE
Sell-side advisory

BUYER
Ali Group SpA

DEAL SIZE
Not disclosed


CLIENT
Kryptonite Corporation

INDUSTRY
Premium locks for bicycle, motorcycle, portable equipment and other applications

SUMMARY
Kryptonite retained Stonebridge to conduct a targeted sale process designed to maximize shareholder value and preserve the Krytonite brand name which resulted in its sale to Ingersoll Rand's security group which owns Schlage locks.

TRANSACTION TYPE
Sell-side advisory

BUYER
Ingersoll-Rand

DEAL SIZE
Not disclosed


CLIENT
MicroFinancial, Inc. (NYSE: MFI)

INDUSTRY
Commercial finance/ leasing of microticket items

SUMMARY
MFI hired Stonebridge as its financial advisor to assist the Company in refinancing the existing bank credit facility to permit the Company to expand its lease funding.

TRANSACTION TYPE
Private placement

DEAL SIZE
$30 million of senior debt


CLIENT
P&F Industries, Inc.

INDUSTRY
Diversified manufacturer of building products, pneumatic hand tools and other products

SUMMARY
P&F retained Stonebridge to identify acquisition targets to augment its builders' hardware business and to assit with the structuring and financing of the acquisition of Woodmark.

TRANSACTION TYPE
Buy-side advisory

SELLER
Woodmark International, L.P.

DEAL SIZE
$30 million


CLIENT
Uponor Oyj

INDUSTRY
PVC pipe for municipal engineering applications

SUMMARY
Uponor, a publicly-traded company located in Finland, hired Stonebridge to divest its non-core U.S. subsidiary, Uponor ETI. Stonebridge approached domestic and international potential buyers, ultimately selling to a leading resin pipe manufacturer pursing a consolidation strategy.

TRANSACTION TYPE
Sell-side advisory

BUYER
PW Eagle Inc. (NASDAQ: PWEI)

DEAL SIZE
$34 million


CLIENT
Wawa, Inc.

INDUSTRY
Large convenience store chain in the Middle Atlantic region

SUMMARY
Having completed multiple assignments for Wawa, Stonebridge was retained to assist the Company in raising capital to fund store openings in core and expanded markets.

TRANSACTION TYPE
Private placement

DEAL SIZE
$90 million of senior notes


CLIENT
Welch Foods Inc.

INDUSTRY
Marketer of Concord grape- and other fruit-based products.

SUMMARY
A longstanding client, Welch's retained Stonebridge to assist the Company in securing long-term financing for strategic initiatives while preserving its strong debt rating.

TRANSACTION TYPE
Private placement

DEAL SIZE
$25 million of equity