Sperry Mitchell Advises Rex Forge on its Recapitalization in Partnership With CounterPoint Capital Partners
New York, NY (August 2015) – Rex Forge of Plantsville, CT, a division of the J.J. Ryan Corporation (“Rex Forge”), has announced that it has been recapitalized in partnership with CounterPoint Capital Partners of Los Angeles, CA. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Rex Forge.
Rex Forge (www.rexforge.com) is a leading provider of high-quality, specialized forged steel components. Rex Forge serves customers who require critical “cannot fail” steel components. Rex Forge sells components into a range of end-markets, including Heavy Truck & Off-Highway, Light Truck & Automotive, and Fluid Control Valves & Fittings. Rex Forge’s combination of superior quality, unique forging capabilities, and captive die-making capabilities have resulted in a loyal customer base.
CounterPoint Capital Partners (www.counterpointcp.com) is a private equity firm focused on acquiring lower-middle market companies headquartered throughout the United States and Canada with $10 million to $200 million in annual revenues.
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 $500 million.