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EMPRISE PARTNERS
                      Middle Market Merchant Banking

Emprise Partners Announces Buy-Side Engagement for American Spring Wire Corporation

Cleveland, Ohio (August 5, 2013)—Emprise Partners announced the engagement by American Spring Wire Corporation to conduct an acquisition search for strategic investment opportunities that complement American Spring Wire’s existing operations and could benefit by access to their manufactured wire, procurement strength, operational competencies, and market knowledge.

Tim Selhorst, President of American Spring Wire said, “With our strong management team in place, we bring significant capabilities to an acquisition. We are looking for companies that sell business-to-business and that manufacture parts or semi-finished materials with a manageable market and product sophistication. Examples include springs, metal fasteners, tools and utensils, chain, fence, cold finished bar or threaded rod, wire rope, or miscellaneous fabricated products such as fan guards, wire baskets, shopping carts, carriers, wire shelving and decking, point of purchase displays.”

American Spring Wire www.americanspringwire.com is North America’s largest manufacturer of valve and commercial quality wire used in the automotive, agricultural equipment, and appliance industries from its plants in Cleveland, OH, Atlanta, GA and Houston, TX. The ASW product line includes valve spring and commercial grade wire in carbon and alloy steels in round, flat, and shaped profiles in diameters from .035" (0.90 mm) to .625" (16 mm). The company also manufactures PC Strand.

In 2007 ASW acquired J&L Wire Cloth, LLC www.jlwire.com with the assistance of Emprise Partners. J&L Wire Cloth draws bright basic and galvanized steel wire, and fabricates pallet rack decking used in warehouse storage, material handling, and logistics. Located in St. Paul, Minnesota, J&L Wire Cloth also manufactures woven wire flooring and confinement panels for the agricultural industry for hog production.

Mathew Hanson, Managing Director, Emprise Partners, said, “We are excited about the opportunity to work along with American Spring Wire again. We will be looking for companies with sales of $15 to $30 million and EBITDA of $1 million and greater.”

Emprise Partners (www.emprisepartners.us) is a merchant-banking firm that provides buy-side representation to corporations, private-equity groups, and industry specific management teams in the lower middle market. As a financial partner, it provides both advice and capital for the acquisition and growth of manufacturing and value-added distribution businesses with proprietary products or defensible niche positions. Emprise Partners has completed over 50 buy-side transactions.

 

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