Corporate Finance - Recapitalization (Vinyl-Laminated Metal Products)
Falcon Advisors is pleased to announce that it has facilitated the management-backed
recapitalization of a leading Chicago-based manufacturer of vinyl clad steel and
related products used in commercial roofing as well as a wide variety of industrial and
consumer products. Seeking to complete a transaction prior to tax rate changes, Falcon
was able to prepare a comprehensive information memorandum including financial
consolidation of the operating entity with a real-estate entity, contact hundreds of
private equity groups, negotiate an LOI and close on the recapitalization in under
four months. With its new financial partner, management will be implementing an
acquisition plan for expanding its product line.
M&A - Corporate Divestiture (IT Professional Services)
Falcon Advisors is pleased to announce that it has facilitated the asset sale of a 10-year
old boutique IT professional services firm to a rapidly growing premier professional
services recruiting firm based in a nearby state. The acquisition provides a significant
addition to the buyer's presence in a major Midwestern market. The selling target
company offers specialized practices that provide entree into high-profile clients in the
central Midwest region. The Company provides IT staffing on contract basis, contract
for hire or permanent placement to higher profile private and public companies who
are likely to have a budget for consulting in areas of software development including:
programmers, testers, architects, business analysts, project managers, et al. A
significant service offering within IT leadership group is software testing and validation.
FA provided advisory services to the shareholders of the Seller in the transaction.
Corporate Finance - Credit Facility (Metal Parts Manufacturing)
Falcon Advisors is pleased to announce that it has facilitated a $5 million senior credit
facility for a middle-market metal stamping and fabricating company located in Ohio
and serving the heavy truck, automotive and other industrial markets. The multi-tiered
facility provides term debt as well as working capital that will permit the company
to continue pursuing organic growth plans as well as complete acquisitions. While
the company successfully navigated through the economic downturn, its previous
lender chose not to renew its credit facility. Falcon created a detailed memorandum
highlighting the company's sustainable business strategy, recent strong financial
performance, and dedicated management team. After contacting over 50 lending
sources, Falcon secured a conventional senior facility on very favorable terms.
Management was gratified that it was able to focus on running its business rather than
… From start to closing, Falcon completed this project in 90 days.
M&A - Corporate Divestiture (Aerospace Parts Fabricator)
Falcon Advisors is pleased to announce that it has facilitated the asset sale of a
successful aerospace parts manufacturer to a private equity-backed strategic acquirer.
This client company has a broad array of manufacturing capabilities including
stamping, forming, machining, laser cutting, laser welding and spot welding. It
specializes in making high value-added "intricate" stainless steel assemblies with a
particular expertise in manufacturing aircraft landing gear heat shields. By highlighting
the company's unique niche, Falcon was able overcome concerns about the company's
high customer concentration and limited management bench. FA advised the Seller in
M&A - Acquisition (Professional Services - Temporary and Contract Employees)
Falcon Advisors announces the acquisition of a 15-year old temporary staffing firm which
specializes in providing long-term "outsourced" work force solutions. The staffing firm
targets customers with long-term needs for unskilled or semi-skilled labor that prefer to
outsource to retain flexibility and unit labor cost efficiency. The firm had recently added
a wholly owned subsidiary which is part of the Homeland Security E-Verify program. This
allowed the firm to place temporary employees at firms that require use of government
sponsored work authorization verification. This relatively unique facet among temporary
staffing firms allows the firm to provide temps to customers with relatively specific
verification requirements. FA advised the buyer in this transaction, a well-established
independent provider of light industrial and temporary and contract employees to a variety
of industrial employers in a major Midwestern market.
M&A - Recapitalization (Financial Services - Consumer Finance Company)
Falcon Advisors is pleased to announce the recapitalization of a regional consumer finance
company with more than 70 branches throughout the Southeastern and Southwestern US,
by a private equity led syndicate in partnership with the management team at the company.
The company was founded in 1987 and specializes in auto and small personal loans to those
who might otherwise have limited access to credit through banks and other traditional
lenders. The new structure will support the aggressive growth strategy planned by the
new owners in this highly profitable niche industry. FA advised the selling ownership of the
consumer finance company in the transaction.