SiMETCO, Inc. was a manufacturer of silicon metal used in the
production of aluminum and as a raw material in the manufacture
of silicones. As financial adviser, Hanson & Company prepared
an offering memorandum on the financially distressed business
of SiMETCO. It then
identified and solicited potential buyers, including Capital
One Partners, and provided the rationale for the investment.
Hanson & Company introduced Capital One Partners to an
operator who was president of a competitor. With its combination
and management capabilities, the newly formed SIMCALA, Inc.
acquired the business and operating assets of SiMETCO, Inc.
through a plan
of reorganization under Chapter 11 of the U.S. Bankruptcy Code.
“Hanson & Company
really understood the business and investment opportunities
and risks of SiMETCO.
He was able
to articulate the situation clearly and provide the road map
for moving the business
forward. As financial buyers, we were intrigued but indicated
that we would not move forward without a new operator to lead
Mathew Hanson identified the right management from a competitor
and introduced us.”
of the right business opportunity, outstanding operating
management, and financial
acumen created a home-run
investment for Capital One Partners and the management team.”
Jim Petras and Jamie Ireland
Capital One Partners, LLC