Sperry Mitchell Advises Waterland on its Sale to KODA

New York, NY (August 8, 2018)Water-Land Manufacturing, Inc. d/b/a Continental Trailers and Waterland Supply Co., Inc. (collectively “Waterland”) of Doral, FL have been acquired by KODA Enterprises Group (“KODA”) of Waltham, MA. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Waterland.

Concurrent with the transaction, Mr. James “Kelly” Hays has been appointed President and CEO of Waterland. Mr. Hays has spent many years with Waterland, most recently serving as Executive Vice President. Mr. Hays states, “We are excited to have KODA as our new partner. We look forward to working with them to enhance our growth trajectory and to forging an exciting future together.”

Water-Land Manufacturing, Inc. d/b/a Continental Trailers (www.continentaltrailers.com) is a leading marine trailer manufacturer that maintains long-term relationships with its core customer base of boat dealers & manufacturers, trailer dealers, and marine accessory dealers. Continental Trailers’ product line spans a wide spectrum of trailers for saltwater boats, personal watercrafts, jet skis, pontoons, catamarans, Jon boats, skiffs, kayaks, and canoes. Waterland Supply Co., Inc. is a leading wholesale distributor of aftermarket parts and accessories for marine trailers, serving customers in Florida and internationally.

KODA Enterprises Group (www.koda.com) is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its portfolio companies.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry, Mitchell & Company has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.

 

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Mergers&Acquisitions

Sperry Mitchell Advises Carter Control Systems on its Sale to Lummus Corporation

New York, NY (June 26, 2018) Carter Control Systems (“CCS”) of Frederick, MD, a portfolio company of Tulcan of Houston, TX, has been acquired by Lummus Corporation of Savannah, GA, parent corporation of System Solutions of Kentucky (“SSK”) of Louisville, KY. Sperry, Mitchell & Company assisted in negotiations and served as exclusive financial advisor to CCS.

Carter Control Systems (www.cartercontrols.com) is a leading provider of automated material handling and industrial automation solutions to customers across the U.S., serving an array of end-markets, including: postal, parcel, retail, food & beverage, and pharmaceutical. CCS provides a full range of equipment, controls and software, which helps customers address all aspects of their material handling and industrial automation needs, increasing efficiency to save companies time and money.

Lummus Corporation (www.lummus.com), which dates to 1863, is the leading full-line supplier of machinery and replacement parts for the cotton ginning industry. System Solutions of Kentucky, an operating subsidiary of Lummus, is a single-source material handling systems integration company serving clients across North America. SSK is recognized for providing quality design, products, and high-touch services that allow customers to execute their logistics strategies.

Tulcan  (www.tulcan.com) is a private investment office specializing in growth equity and buyout investments in middle market companies. Tulcan invests in businesses with stable cash flows & successful management teams, focusing on investments in the process equipment manufacturing, heavy equipment, machining & metal fabrication, distribution, food processing, oilfield services, and chemical manufacturing markets.

Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and 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 $10 to $450 million.

 

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System Solutions of Kentucky

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Daniel Officer Featured as ACG New York’s Member of the Month

Dan Officer, Managing Director, was featured as ACG New York’s member of the month in March of 2018. He has been a member of ACG New York since 2013 and recently served as Vice Chair for their Manufacturing Conference, which was held in New York City.

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ACG New York Member Highlight

Alexander Coggin and Kyle Morgan Promoted to Associates

We are pleased to announce the promotion of Alexander Coggin and Kyle Morgan to Associates.

 

 

 

Alexander Coggin, Associate

B.A. Trinity College

 

Alex is primarily focused on company, transaction, and market analysis for potential and current clients, as well as providing overall sale process support. Prior to joining Sperry, Mitchell & Company, Alex held positions with Keefe, Bruyette & Woods and Fidelity Investments. Alex graduated from Trinity College with a degree in Economics.

 

 

 

 

 

 

Kyle Morgan, Associate

B.A. Johns Hopkins University

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Kyle Morgan is primarily focused on company, transaction, and market analysis for potential and current clients, as well as providing overall sale process support. Prior to joining Sperry, Mitchell & Company, Kyle worked for Oppenheimer & Company. Kyle graduated from Johns Hopkins University with a degree in Economics. During his time at Johns Hopkins, Kyle played wide receiver for the football team.

 

 

 

 

 

 

Beatrice Mitchell Speaks to Mergers & Acquisitions

Beatrice Mitchell gives her insight on the current state of the M&A market with Keith Button of Mergers & Acquisitions. To read the article, please click here.

Sperry Mitchell Advises C&M Corporation on its Sale to Winchester Interconnect

New York, NY (December 20, 2017) – C&M Corporation of Dayville, CT, a portfolio company of the Watermill Group of Lexington, MA, has been acquired by Winchester Interconnect of Norwalk, CT, a portfolio company of the Snow Phipps Group of New York, NY. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to C&M.

C&M Corporation (www.cmcorporation.com) is a leading designer and manufacturer of wire & cable and coil cords for performance-critical applications. The company serves blue-chip customers across a variety of growing markets, including industrial automation, medical and military.

Watermill Group (www.watermill.com) is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

Winchester Interconnect (www.winconn.com) is a leading provider of custom-engineered interconnect solutions for diverse, growing end-markets requiring high reliability and application-specific expertise. Winchester’s complex, custom connectors and engineered cable solutions help connect power and data to numerous global, blue-chip OEMs. Winchester’s strategic global footprint provides local engineering and sales support to its customers.

Snow Phipps (www.snowphipps.com) is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services.  Since the firm’s founding in 1986, Sperry Mitchell has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.

 

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Cision PR Newswire

Business Wire

PE Hub

Sperry Mitchell Advises WaterFleet LLC on its Sale to EagleTree Capital

New York, NY (November 30, 2017) WaterFleet, LLC of San Antonio, TX has been recapitalized by EagleTree Capital of New York, NY.  Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to WaterFleet.

WaterFleet is an industry-leading, full-service provider of mobile water and wastewater treatment solutions for remote locations.  The Company’s innovative technology and green solutions have transformed the remote-location water and domestic wastewater industry, significantly improving remote workforce living conditions and reducing the cost and environmental risk of traditional wastewater services.  WaterFleet operates a technology-as-a-service platform, leasing its systems to customers and providing ongoing compliant treatment and remote monitoring & diagnostic services.

“We are pleased to be partnering with EagleTree, a firm that has significant water industry expertise,” said Alan Pyle, Co-Founder and CEO of WaterFleet.  “With EagleTree’s support, we’ll be better positioned to enhance our reach and scale by expanding our fleet capacity and real-time monitoring solutions in order to better serve our existing customers in the energy industry. We will also continue to build our presence in other sectors – such as industrial construction and emergency response – that would benefit from our solutions.  We look forward to working together closely with EagleTree to address the myriad of water-related problems that are impacting businesses, municipalities, and water-stressed populations in the U.S.”

Norton Rose Fulbright served as legal advisor to WaterFleet.  Jones Day served as legal advisor to EagleTree.

WaterFleet (www.waterfleet.com) operates a fleet of Mobile Drinking Water Production trailers  (The Water Rig) and Mobile Domestic Wastewater Processing trailers (The Reclaimer Rig) for oil field drilling, oil field completion, and large-scale industrial construction operations. Both systems are designed to the highest standards, with proprietary technology to address the particular demands of harsh, remote environments.

EagleTree Capital (www.eagletree.com), formerly Wasserstein Partners, is a leading independent private equity firm, focused primarily on leveraged buyout and growth equity investment activities. EagleTree manages capital on behalf of institutional and individual investors. The firm is focused on investments primarily in the media & communications, consumer products, water, and industrial sectors. EagleTree is located in New York, NY.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services.  Since the firm’s founding in 1986, Sperry Mitchell has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.

 

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Business-Wire

PE Hub

Yahoo Finance

Two Years in a Row, Beatrice Mitchell Has Been Commended as One of the Most Influential Women in Mid-Market M&A

For two years in a row, Mergers & Acquisitions has commended Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.

For nearly 30 years, Beatrice Mitchell has sold privately-held companies in manufacturing, distribution, retail, business services and other industries. Mitchell started Sperry Mitchell with husband Paul Sperry in 1986. The firm has remained successful by investing substantially in infrastructure, including databases and people, and cultivating connections and a good word-of-mouth reputation from clients. The firm focuses on putting together an excellent product: the selling memorandum and the list of potential acquirers.

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Tom Pogacnik Speaks at Capital Roundtable’s Conference for PE Acquisitions of Family-Owned Companies

Tom Pogacnik was a featured speaker at Capital Roundtable’s conference Best Practices For PE Acquisitions Of Family-Owned Companies. The conference was held at The University Club, in New York City on July 13th. The Capital Roundtable is America’s leading conference company for the middle-market private equity community.

Tom spoke on topics such as the transaction dynamics of acquiring family-owned businesses, the importance of understanding the goals and desires of families when selling their businesses, and what buyers look for when acquiring family-owned businesses. The conference was attended by private equity and family office professionals, debt providers, wealth management advisors, investment bankers, M&A lawyers, and business owners and executives.

For more information about the conference, click here.

2017 J.P. Morgan Corporate Challenge

Since 2000, Sperry, Mitchell & Company has fielded a competitive team for the J.P. Morgan Corporate Challenge road race. Our 2017 team was comprised of Paul Sperry, Tom Pogacnik, Dan Officer, Melissa Cole, Kyle Morgan, Alex Coggin and Krista Agatielli.

Kyle Morgan delivered the fastest time for the second year, although the rest of our team didn’t finish far behind.

The highlight of the evening was the post-race cocktails and dinner at Atwood.