Lincoln International represented Sanders Industries in the recent sale of its operating subsidiary, Alloy Die Casting, to Gladstone Investment Corporation and Gladstone Capital Corporation.
Alloy Die Casting Co. (ADC) is a manufacturer of finished aluminum and zinc castings used in the commercial aerospace, medical, industrial, defense, automotive aftermarket and communications /electronics industries. ADC provides its customers with engineering support and custom tool design and fabrication, as well as in-house machining and finishing capabilities. The company was founded in 1946 and is headquartered in Buena Park, CA (www.alloydie.com).
Lincoln International acted as the exclusive financial advisor to Sanders Industries and ADC, working with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, buyer coordination and contact, due diligence and final negotiation phases of the transaction.
“Lincoln executed a successful sale process that generated an excellent outcome for Sanders Industries and resulted in a great partner for ADC. Lincoln understood our end markets and our unique position within the die casting industry, and identified the right potential acquirers for the business,” said Larry O’Toole, President of Sanders Industries. “Lincoln delivered on its promise of local execution and their entire team was accessible and responsive throughout the process, ensuring a smooth transaction.”
Sanders Industries is a holding company that operates five specialty polymer companies that serve a variety of markets. Current operating subsidiaries include Rubbercraft Corporation of California (Long Beach, CA); Northern Engineering (Sheffield, UK); Creavey Seal Company (Olyphant, PA); Sanders Composites (San Diego, CA); and Fabritech (West Chester, PA). Sanders Industries is headquartered in Long Beach, CA (www.sandersind.com).
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. The firm also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. Lincoln International has 15 offices in the Americas, Asia and Europe and is headquartered in Chicago (www.lincolninternational.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-30-13
