Cleveland, Ohio (December 4, 2009) Emprise Partners announces that its client, DCM Manufacturing, Inc., a Dreison International Company, has successfully completed the acquisition of the specialty motor, blower and defroster fan business and assets from the Von Weise of Canada Company located in Cambridge, Ontario, Canada. Emprise Partners initiated this transaction and acted as the exclusive financial advisor to DCM Manufacturing, Inc. and Dreison International, Inc.
John Berger, President of Dreison said, Mathew Hanson of Emprise Partners, initiated contact with the previous owner of Von Weise Corporation, in 2008. With Emprise Partners as its financial advisor, DCM was able to negotiate a letter of intent, but the owner was not able to close the transaction. DCM and Emprise Partners maintained contact with the surviving management team, resulting in the recent closing of this strategically important transaction."
Dreison International, Inc. is a private holding company based in Cleveland, Ohio whose operating subsidiaries include DCM Manufacturing, and Maradyne Corporation. Dreison manufactures proprietary component products that are marketed to both original equipment manufacturers and the aftermarket in the non-automotive transportation industry. Dreison's component products are used on mobile equipment such as heavy-duty trucks, buses, off-road vehicles, construction equipment, mining equipment, agricultural equipment, and industrial equipment. For more information, visit the Dreison International website at www.dreison.com.
DCM Manufacturing, Inc. is a manufacturer of component products for heating, ventilating and air conditioning systems for mobile equipment such as heavy-duty trucks, buses, off-road vehicles, construction equipment, mining equipment, and agricultural equipment. DCM's products include fractional horsepower wound field and permanent magnet DC motors, axial fans, radial blowers, heaters and dash fans. For more information, visit the DCM Manufacturing website
Von Weise, for nearly 50 years has designed and manufactured specialty motor, blower and defroster fans, gear motors and linear actuators to meet the requirements for a broad range of customer applications. The Von Weise products are used in a variety of agricultural, industrial and commercial applications. For more information, visit the Von Weise website at www.vonweise.com.
Emprise Partners is a merchant-banking firm that provides buy-side representation to corporations, private-equity groups, and industry specific management teams in the middle market. As a financial partner, we provide 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 40 buy-side transactions. For more information, visit the Emprise Partners website at www.emprisepartners.us.