Chicago, IL – August 18, 2020
We are excited to share some good news in these trying times. In the last three months, Balmoral closed four sell-side advisory deals.
Each deal had its own challenges, resulting from the current pandemic. Our teams showed tremendous grit by overcoming numerous obstacles in the face of significant uncertainty. We are proud of each of our professionals for the role they played in getting these deals over the finish line.
- On May 29, KMCO LLC, sold its chemical manufacturing assets in a Chapter 7 Bankruptcy sale to an affiliate of ALTIVIA Petrochemicals. Balmoral served as sell-side advisor to KMCO. For details click here.
- On June 30, Nidec Minster, a division of Japan-based Nidec Corporation (TSE: 6594), divested its grey and ductile iron foundry to The C.A. Lawton Co., a portfolio company of Oakland Standard. Balmoral served as sell-side advisor to Nidec Minster Corporation. For details click here.
- On July 1, Americold Realty Trust (NYSE:COLD) sold Carthage Crushed Limestone, a supplier of construction aggregate and fine grind limestone products, to U.S. Lime & Minerals (NasdaqGS: USLM). Balmoral served as sell-side advisor to Americold. For details click here.
- On July 20, Oshkosh Corporation (NYSE: OSK) sold Concrete Equipment Company, Inc. (“CON-E-CO”) to Astec Industries (NasdaqGS: ASTE). CON-E-CO engineers, manufactures and supports a complete line of portable and stationary concrete batch plants, mixers, material handling systems and dust control. Balmoral served as sell-side advisor to Oshkosh. For details click here.
The market is slower, but our firm remains active. We specialize in helping clients sell their businesses, find and complete acquisitions, and raise or refinance capital. We work with business owners, corporations and financial investors worldwide involving early stage growth companies, successful mature businesses, corporate divestitures, distressed and special situations.