metal stamping and fabricated products

$20M Revenue

Company Overview

The Company was a leading manufacturer of power transmission components & assemblies (i.e., highly engineered pulleys, sprockets, gears, pinions, spindle & steering gear assemblies, etc.) to large OEMs in a variety of industries, including lawn & garden, other outdoor power equipment, fitness, agricultural, conveyors and overhead doors.

Engagement Overview

The Company experienced significant financial and operational challenges. Ownership engaged FDP to serve as financial advisor to represent the Company for sale.

FDP prepared marketing materials and a buyer’s list and reached out to several industry participants.

The process yielded numerous site visits and management meetings that produced multiple offers. 

Fort Dearborn also guided Company management through the detailed due diligence process for multiple potential buyers.

The sale closed within four months from the date of the sale mandate.  In addition to our investment banking role, Fort Dearborn provided extensive cash management, vendor management and profit improvement consulting services.

Results

The Company was ultimately sold through a Receivership and yielded 100% recovery to the Company’s senior lender with a significant distribution to unsecured creditors that was beyond expectations.

FDP News

Sep - 20

Fort Dearborn Advises Motor Distributor

Fort Dearborn Partners served as a financial advisor for the refinancing of a $3.5M Line of Credit and $2.2M mortgage for a $20 million Illinois-based motor distributor coming... Read More

Jul - 20

Fort Dearborn Advises Private High School

Chicago, IL - Fort Dearborn Partners is pleased to announce that we served as exclusive financial advisor to a private high school for the refinancing of $13,000,000 in... Read More

Jul - 20

July 2020 Newsletter

Since early March, we have monitored the impact of COVID-19 on our client base. As expected, early results display widely divergent financial performance - some industries have... Read More