PRZOOM - /newswire/ -
Chicago, IL, United States, 2010/12/06 - Stout Risius Ross Advisors, LLC (SRR) announced today that its client, S.W. Anderson Company (SWACO) has been acquired by Balvenie Partners, Inc. (Balvenie). SRR served as financial advisor to SWACO in connection with this transaction.
Founded in 1926, SWACO is a premier stocking distributor and engineering representative of specialty and standard fasteners, and electronic, electro-mechanical, and other OEM components. SWACO serves nearly 6,000 customers with high quality products in a broad range of industries including industrial, electronics, aerospace, defense, transportation, and general manufacturing. The Company is headquartered in Downers Grove, Illinois and has additional facilities in Ellisville, Missouri; Fullerton, California; Oakwood Village, Ohio; and Shakopee, Minnesota. Balvenie is a privately held holding company.
“As a fourth generation family business, we feel fortunate to have found Balvenie to acquire the business. The SWACO family has always adhered to a strong value system based on integrity, dedication, respect for others, and hard work. Balvenie maintains the same value system and will be a great fit for our customers, suppliers, and employees,” stated Dick Worcester, President of SWACO.
“The acquisition of SWACO by Balvenie Partners, Inc. is a key strategic transaction for Balvenie, provides an attractive liquidity event for SWACO’s shareholders, and is a validation of the career long efforts by the SWACO management team to build an industry leading distribution company,” commented Mr. David West, Managing Director at SRR.
Mr. John Ebe, Director at SRR, further commented, “The transaction was successful in accomplishing the various objectives of SWACO’s shareholders. The shareholders had specific objectives that needed to be met and Balvenie diligently worked with our team to meet these objectives. Balvenie will be an excellent new owner for SWACO.”
Mr. West and Mr. Ebe have successfully advised numerous companies in merger, acquisition, and capital raising transactions.
SRR’s Investment Banking Group provides mergers and acquisitions (“M&A”) advice, private capital raising services and other financial advisory services to family owned businesses, portfolio companies of private equity firms, and divisions of large corporate parents.
Stout Risius Ross (SRR) is a financial advisory firm. We specialize in Investment Banking, Valuation & Financial Opinions, and Dispute Advisory & Forensic Services. SRR’s clients range from Fortune 500 corporations to privately held companies in numerous industries around the world.
SRR (srr.com) is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm.