Fort Dearborn Advises on Sale of Anderson Shumaker

Chicago, IL - Fort Dearborn Partners is pleased to announce the sale of substantially all operating assets of Anderson Shumaker Company through a 363 sale. Anderson Shumaker, founded in 1902, is a Chicago-based, open-die forging and finishing company that experienced a sudden revenue decline due to lower demand from its oil and gas customers. Fort Dearborn initiated the transaction, assisted in the negotiations and acted as sole financial advisor to Anderson Shumaker. Fort Dearborn utilized its investment banking expertise and worked with the management team to formulate a strategy that included a vigorous sale process. Fort Dearborn quickly developed the information memorandum and identified a targeted list of potential acquirers, which resulted in multiple interested parties. The bankruptcy auction, consisting of three buyers, yielded a nearly 20% premium over the stalking horse offer.

Deal Team

Kevin Cleary
(312) 683-3642

Mark Kroeger
(312) 683-3656

Fort Dearborn Partners / Fort Dearborn Advisors

190 South LaSalle Street
Suite 1650
Chicago, Illinois 60603

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