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HOUSTON, TEXAS (September 20, 2011) -Statesman Corporate Finance, LLC is pleased to announce that R•O•M Corporation has acquired Bustin Industrial Products from MW Supply, Inc. of Glen Rose, TX. Statesman acted as a financial advisor to Bustin in this transaction.
Bustin, based in East Stroudsburg, PA, manufactures truck and trailer access products such as walkramps, steps and ladders, and platforms as well as industrial safety access solutions that include crossovers, servicing platforms, ladders, handrails and work stands. MW Supply will return to its roots as a manufacturer of cargo control solutions and will continue to distribute safety access solutions as a value added re-seller for R•O•M and Bustin products.
Bustin Industrial Products, founded in 1928, has pioneered innovative safe access equipment for a variety of industries and applications. The company's truck and trailer safety access and storage solutions include walkramps, pull-out platforms, slide-out platforms, ladders and steps. Bustin's Industrial access solutions include crossovers, ladders, handrails, work stands, servicing platforms, grating products and customizable engineered-to-order solutions. The company is headquartered in East Stroudsburg, PA. For more information on Bustin please visit the company's website at www.bustin-usa.com.
MW Supply is a manufacturer and distributor of cargo control and material handling solutions celebrating twenty years of business in 2012. Dealing directly with private fleets to provide customized solutions, the company focuses on service and a passion for understanding their clients' business in order to better serve them. The company website is www.mwsupply.com.
R•O•M Corporation, founded in 1947, is headquartered in a 65,000 sq. ft. facility in suburban Kansas City, MO. The company's food distribution product line includes insulated bulkheads, safety walkramps, trailer platforms, trailer ladders, LED lighting and self-closing strip doors. The company also manufactures products for the fire service industry, service and utility fleets, and building security markets. ISO 9001-certified and owner of 10 U.S. and Canadian patents, R•O•M serves its national and international customer base with a field staff of territory managers and an inside customer development team. For more information on R•O•M please visit the company's website at www.romcorp.com.
Statesman Corporate Finance, LLC (Houston, Texas) provides Investment Banking, Merger & Acquisition, Capital Sourcing, and Business Valuation services for middle-market companies. Drew Sudduth, Managing Director, led this transaction. Please contact Statesman to learn more about our services and expertise in representing family and entrepreneur-owned companies. |
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Statesman Business Advisors is pleased to announce Sid M. Shaver, Jr. has joined the firm as a Managing Director in its Corporate Finance and M&A Advisory Group. Sid's significant professional expertise has been garnered from over 30 years experience providing tax, accounting, consulting and transaction advisory services to mid market companies.
"We are absolutely thrilled Sid has joined our team" said Walter Tomlinson, Principal of Statesman. "Sid brings the highest integrity to his profession and his extraordinary breadth of knowledge on business transactions significantly strengthens our capabilities and furthers our commitment to providing the highest level of advisory services possible to business owners seeking to grow or exit their companies."
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The Alliance of Merger & Acquisition Advisors® (AM&AA) has conferred “Certified Merger & Acquisition Advisor®” (CM&AA) certification upon Will Jaco, Principal at Statesman Business Advisors in Houston. Will is one of an elite group of over 375 experienced corporate financial advisors worldwide to have earned the CM&AA certification. The CM&AA designation serves to distinguish those individuals who have mastered a comprehensive body of essential knowledge and also have committed to staying abreast of continuing new developments in the M&A profession.
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Nationwide Recovery Systems, Ltd. (“NRS”), headquartered in Carrollton, Texas, has been acquired by a newly formed acquisition subsidiary of Eli Global, LLC (“Eli Global”) of Durham, North Carolina. Statesman Business Advisors, LLC (“Statesman”) initiated the transaction and served as the exclusive financial advisor to NRS.
NRS is one of the larger collection agencies in the Southwest providing commercial, consumer, and healthcare debt recovery services. Additionally, NRS helps companies lower their DSO through flexible accounts receivable co-sourcing agreements, infield collections, pre-litigation intervention, international collections, and asset and liability searches. Founded over 30 years ago, NRS has collected well over $1 billion of delinquent accounts for its clients.
Eli Global is an international information and service management company that acquires, invests in, and operates a growing portfolio of healthcare, media, market intelligence, certification, and associated service businesses. The Company has more than 700 employees that work from over a dozen locations on three continents. NRS represents Eli Global’s third collections industry acquisition. Eli Global’s other collections industry holdings are Credit Management Company of Pittsburgh, PA and Harvard Collection Services, Inc. of Chicago, IL.
The Statesman transaction team was led by Principal Will Jaco. Tom Manford and Eric McCord of Bracewell & Giuliani, LLP provided legal representation to NRS on this transaction. |
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Diamond Gear Company, Ltd. (“Diamond Gear”), headquartered in Houston, Texas, has been acquired by ERIKS nv (“ERIKS”). Statesman Business Advisors, LLC (“Statesman”) acted as a financial advisor to Diamond Gear.
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King Southwest and Consulting, Inc. (“King Southwest”), headquartered in Houston, Texas, has successfully completed the acquisition of Hercon Instruments, Inc (“Hercon”). Statesman Business Advisors, LLC (“Statesman”) acted as the exclusive financial advisor to King Southwest for this transaction. In addition, Looper Reed & McGraw, P.C. provided legal counsel and Amegy Bank of Texas, NA provided acquisition financing for King Southwest.
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