Cleveland, Ohio (September 14, 2012) Emprise Partners announces that its client, Brechbuhler Scales, Inc., has completed the sale of its Suspension Technology Industries division to Timbren Industries of Whitby, Ontario, Canada. Emprise Partners initiated this transaction and acted as the exclusive financial advisor to Brechbuhler Sales.
Kraig Brechbuhler, President of Brechbuhler Scales, said, "Emprise Partners contacted Suspension Technology Industries as a potential acquisition candidate for one of their buy-side engagements. We had discussions, but when we decided to take the business to market, we wanted Emprise Partners to represent us. Mathew Hanson's knowledge of the specialty vehicle industry allowed us to focus our efforts, achieving our price objective and a transaction quickly. Mathew invested the time to understand our business and clearly does what is right for all concerned."
Suspension Technology Industries (www.ridetheair.com) manufactures axles and primary air suspensions for light duty trailers. Suspension Technology's LBS Series air suspensions provide a smooth vehicle ride and protect the cargo trailer and tow vehicle, while improving vehicle handling on Horse Trailers, Cargo Trailers, Race/Stacker Trailers, Equipment Trailers, Boat Trailers, Medical Trailers, Recreational Vehicle Trailers, and Special Use Trailers.
Brechbuhler Scales (www.brechbuhler.com) manufactures, sells, rents, and services scales through 16 full service branches in Ohio, Indiana, Pennsylvania, and West Virginia. Founded in 1929 in Canton, Ohio, Brechbuhler Scales' product offerings include a full line of Truck, Rail, Industrial, Floor, Bench and Medical scales as well installation, recalibration and repair services.
Timbren Industries (www.timbren.com) has been producing quality ride control products and suspensions since 1968. Its core product, the Aeon Hollow Rubber Spring, is world-renowned as an efficient, reliable suspension system used by manufacturers, including Bombardier, Mack, and Kenworth. In the aftermarket, many fleets, modifiers and converters install the Aeon spring as a supplementary suspension for their vehicles.
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, Emprise Partners 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.