Beatrice Mitchell Has Been Recognized as One of the Most Influential Women in Mid-Market M&A
For the SEVENTH year, Mergers & Acquisitions has recognized Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.
Sperry Mitchell Advises Highway Safety on its Sale to Race Rock Infrastructure
New York, NY (January 24, 2023) – Highway Safety Corporation (“HSC”) of Glastonbury, CT, and Ohio Galvanizing Corporation (“OGC”) of Marion, OH (together “Highway Safety”) have been acquired by Race Rock Infrastructure (“Race Rock”) of Houston, TX. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to Highway Safety.
HSC (www.highwaysafety.net), a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by W. Patric Gregory III in Glastonbury, CT. In 1994, Mr. Gregory expanded fabrication and galvanizing operations by establishing OGC (www.ohgalv.com) in Marion, OH, to better serve the company’s nationwide customer base. Following the transaction, Mr. Gregory will remain as President of HSC and OGC and join the Board of Directors of Race Rock.
Donald W. Young, Chairman and CEO of Race Rock Infrastructure, commented, “We are thrilled to partner with Patric Gregory and the talented people at Highway Safety and support them in their continued growth. HSC and OGC fit well with our broader infrastructure strategy and provide increased scope and scale to our existing lines of business to further support critical infrastructure buildout in the United States.”
W. Patric Gregory III, founder of HSC and OGC, added, “Getting to know the team at Race Rock over the last six months, it became clear to me that they are the ideal partner for the business I have spent the last 40 years building. Our shared values of providing a quality product in a timely manner with an emphasis on customer service and environmentally sustainable operations makes this a natural next step in Highway Safety’s journey. I am excited for the future of our combined businesses.”
Race Rock Infrastructure is a Houston-based manufacturer of critical infrastructure products and solutions for transportation, energy transmission/distribution & telecommunications. Race Rock’s main operating unit is Structural and Steel Products (SSP), a Fort Worth-based manufacturer and distributor of engineered poles, sign structures, and highway safety products.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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Sperry Mitchell Advises Le Sueur Incorporated on its Sale to Delos Capital and The Silverfern Group
New York, NY (January 10, 2023) – Le Sueur Incorporated (“LSI”) of Le Sueur, MN, has been acquired by Delos Capital (“Delos”) of New York, NY, and The Silverfern Group (“Silverfern”) of Greenwich, CT. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to LSI. Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction.
“We are excited to partner with Silverfern and the management team of LSI, a leading provider of complex precision aluminum casting and plastic injection molding components,” said Michael Rakiter, Partner at Delos Capital. “We are honored to continue the legacy of a successful third-generation family-owned business created by the Mueller family.”
LSI Chief Executive Officer Dick Seidenstricker said, “We’re thrilled to be partnering with Delos and Silverfern to write the next chapter in LSI’s history. We look forward to the growth opportunities the partnership creates while maintaining the values and culture that has been the foundation of LSI’s success for the past 77 years.”
Silverfern Managing Director Deepak Ghosh added, “LSI is a leading manufacturer of specialized aluminum castings and injection molded plastics, serving global customers successfully over the past seventy-seven years. We look forward to partnering with the management team to grow the Company through a focus on technology and manufacturing excellence in partnership with its customers.”
Le Sueur Incorporated (www.lesueurinc.com) is a leading supplier of complex and pressure-tight aluminum castings and plastic injection molding components. LSI specializes in utilizing permanent mold, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes, to provide its global customers with the most cost-effective method of manufacturing.
Delos Capital (www.deloscap.com) is a lower middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
The Silverfern Group (www.silfern.com) is a global middle-market investment management firm headquartered in Greenwich, CT.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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