Origin Merchant Partners is pleased to announce the successful sale of Micropen Technologies Corporation (“Micropen”) to Exxelia USA Holding Inc. (“Exxelia”). Origin Merchant Partners acted as the exclusive financial advisor to Micropen on this transaction.
Micropen is an industry-leading custom manufacturer of precision high voltage resistors and electronic components using a proprietary electronic printing technology and design. Micropen serves leading customers in the medical, military, test and measurement, and detection markets.
Exxelia is a wholly-owned subsidiary of a Paris-based leading global designer and manufacturer of high-rel passive components and subsystems. Exxelia Group is comprised of thirteen manufacturing entities serving high-tech industrial sectors.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to provide a Formal Valuation and Fairness opinion to the Special Committee of the Board of Directors of Hydrogenics Corporation (“Hydrogenics”) with respect to a proposed acquisition by Cummins Inc. (“Cummins”) for all of the outstanding shares of Hydrogenics, other than the shares already owned by The Hydrogen Company.
Hydrogenics is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
Cummins, a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel and natural gas engines to hybrid and electric platforms, as well as related technologies, including battery systems, fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and over 7,600 dealer locations and generated sales of $23.8 billion in 2018.
Origin Senior Lead: Jim Osler
Origin Merchant Partners is pleased to announce the successful sale of ACS, Inc. (“ACS”) to LMR Distributing, LLC (“LMR”). Origin Merchant Partners acted as the exclusive financial advisor to ACS on this transaction.
ACS is the largest value-added distributor of Motorola two-way radio products in North America. With extensive distribution capabilities, ACS serves resellers with corporate offices in nine Midwest states, as well as large national accounts based throughout the U.S.
LMR is a value-added distributor of Motorola commercial radios primarily in the Midwest.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to announce the successful sale of Modineer Co., Inc. (“Modineer”) to an entity established by Westbourne Capital Partners and Hall Capital. Origin Merchant Partners acted as the exclusive financial advisor to Modineer.
Modineer is a manufacturer and fabricator of metal components for the automotive, military, truck/trailer and industrial markets utilizing stamping, roll forming, welding, machining, painting, e-coating and other specialty processes.
Westbourne Capital Partners is a Chicago-based private investment firm with investments focused on family and founder owned businesses in the manufacturing and food sectors.
Hall Capital is a family-owned private investment company based in Oklahoma, with investments focused on automotive, real estate and private investment companies.
Origin Senior Lead: Nick Newlin
Origin Merchant Securities Inc. is pleased to announce that Wyse Meter Solutions has received a significant minority investment from ONCAP.
Origin Merchant Securities Inc. acted as exclusive financial advisor to Wyse Meter Solutions with respect to this transaction.
Wyse Meter Solutions Inc. (“Wyse”) provides turnkey submetering and utility expense management services to building owners, developers and property managers across Canada. Headquartered in Newmarket, Ontario, Wyse is licensed and regulated by the Ontario Energy Board, delivering its services in seven provinces.
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential.
Origin Senior Leads: Rob Penteliuk, Jim Osler
Origin Merchant Partners is pleased to announce the successful acquisition of OCV Control Valves, LLC, AMS Machining Specialists, LLC, and Precision Coatings, LLC (collectively, “OCV”) by entities established by Dorot Control Valves and its parent company, MAT Investment Holding, S.L. (“MAT Holding”).
OCV is a US-based market leader in designing and producing hydraulically-operated automatic control valves for sale in North America, Europe and Asia.
MAT Holding is a multinational industrial group with more than 80 years of history investing in leading companies in the areas of crop protection, irrigation efficiency and water treatment and handling. Through its subsidiaries, MAT Holding operates in more than 100 countries.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce the successful sale of Meeco Sullivan, LLC (“Meeco Sullivan”) to Tuckahoe Holdings LLC (“Tuckahoe Holdings”). Origin Merchant Partners acted as the exclusive financial advisor to Meeco Sullivan.
Meeco Sullivan is one of North America’s leading designers, manufacturers and installers of commercial marina and dock systems. Over its almost 60-year history and with an installed base of over 5,000 commercial sites, the Company has become known for superior quality and is considered the industry-standard in timber and galvanized steel dock fabrication for both freshwater and saltwater applications.
Tuckahoe Holdings is a Virginia-based private investment firm focused on investing in and growing middle market companies on a permanent basis.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to announce the successful sale of Dedoes Industries, Inc. (“Dedoes”) to entities established by Ashland Capital Partners. Origin Merchant Partners acted as the exclusive financial advisor to Dedoes Industries, Inc.
Dedoes is the exclusive U.S. producer of mixing, blending, formulation and storage equipment solutions for the automotive refinish industry and a leader in the worldwide market, serving the leading paint manufacturers and distributors on a global basis.
Ashland Capital Partners is a Chicago-based private investment firm devoted to investing in and growing companies in the middle market.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce that The Society of Energy Professionals (“The Society”) has completed its acquisition of shares of Hydro One Limited (“Hydro One”) and the related arrangement and structuring of financing for an aggregate investment of approximately $39 million.
Origin Merchant Partners acted as exclusive financial advisor to The Society with respect to this transaction.
The Society of Energy Professionals represents more than 8,000 professional employees in the electricity industry in Ontario, including engineers, scientists, supervisors and finance specialists. Formed in 1948, The Society advocates for long-term, evidence-based planning and decision-making in the energy sector. The Society is Local 160 of the International Federation of Professional and Technical Engineers, based in Washington, D.C. with 80,000 members in the U.S. and Canada.
Hydro One Limited is Ontario’s largest electrical transmission and distribution utility with approximately $23 billion in assets and 2014 revenues of over $6 billion. Hydro One’s regulated transmission and distribution operations are owned by Hydro One Inc., a wholly-owned subsidiary of the Company. Hydro One Inc. owns and operates Ontario’s approximately 29,000 km high-voltage transmission network and an approximately 122,000 circuit km primary low-voltage distribution network.
Origin Senior Leads: Andrew Muirhead, Jim Osler
Origin Merchant Securities Inc. is pleased to announce that Hydrogenics Corporation (“Hydrogenics”) has successfully completed its US$7.5 million note offering.
Origin Merchant Securities Inc. acted as Agent to Hydrogenics with respect to this transaction.
Hydrogenics Corporation is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centres in Russia, Europe, the US and Canada. www.hydrogenics.com.
Origin Merchant Securities Inc. (“OMSI”) is a wholly-owned affiliate of Origin Merchant Partners. OMSI is an exempt market dealer that will agent private placements of debt and equity securities to finance the acquisition capital, growth capital or recapitalization needs of our clients. OMSI is registered as an Exempt Market Dealer with the Ontario Securities Commission.
Origin Senior Leads: Jim Osler, Rob Penteliuk
Origin Merchant Partners is pleased to announce the successful sale of Shape LLC (“Shape”) to Gen Cap America, Inc. (“GCA”). Origin Merchant Partners acted as the exclusive financial advisor to Shape in this transaction.
Shape is a leading global manufacturer of optimally designed-for-performance electrical transformers. The Company specializes in the production of large transformers with rated wattage above 250 watts. Shape’s transformers are used in airport lighting, airport security systems, ultraviolet curing, water sanitation, telecom equipment and other niche applications. Shape products are sold directly to original equipment manufacturer customers. The Company’s headquarters and manufacturing facility is located in Addison, Illinois.
GCA is a private equity firm based in Nashville, Tennessee, focusing on the middle market and lower middle market privately held businesses.
Origin Senior Lead: Bob Wujtowicz
Origin Merchant Partners is pleased to announce that Decker Acquisition Corp. (d/b/a “Blessing Industries”) and Quamaco Corp. (“Quamaco Corp.”) have been acquired by Prairieland Holdings, Inc. (“Prairieland”). Origin Merchant Partners acted as the exclusive financial advisor to the shareholders of Blessing Industries and Quamaco Corp.
Blessing Industries and Quamaco Corp. produce light-medium and heavy fabrications utilizing laser and plasma cutting; machining centres; turret punches; shearing; press brakes; welding; finishing and painting; and drilling and tapping. Their customer base includes Blue Chip equipment and machinery manufacturers and many medium and small OEMs.
Prairieland was created by five former U.S. Navy officers to build a dynamic, nationwide organization of metal fabricators serving the aerospace, defense, healthcare, agriculture, transportation and industrial markets. The acquisition of Blessing Industries provides Prairieland with an established base in the agriculture, transportation and industrial markets. Prairieland is backed by a boutique private equity firm that specializes in introducing LEAN manufacturing principles into its portfolio companies.
Origin Senior Lead: Bob Wujtowicz
Origin Merchant Partners has successfully advised Designed Alloy Products, Inc. and Alloy Rod Products, Inc. (collectively “DAPI”) on restructuring their debt capital through obtaining a senior revolving credit facility from Wells Fargo Bank (“Wells Fargo”) and a junior term debt loan from Enhanced Capital (“Enhanced Capital”).
DAPI, headquartered in Aurora, Illinois, is a privately held manufacturer of certified ingot and alloy rod products, and a processor of scrap metal. The company supplies its products to mills and foundries in the United States and to distributors serving foreign markets. DAPI has manufacturing operations in Illinois, Oklahoma, Pennsylvania and Tennessee.
Wells Fargo is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, it provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations in 36 countries. With more than 264,000 active, full-time equivalent team members, Wells Fargo serves one in three households in the United States and ranks No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo ranked fourth in assets and first in the market value of its common stock among all U.S. banks at December 31, 2013.
Enhanced Capital is a diversified, national asset management firm providing investment capital to small businesses that are underserved by traditional sources of financing. Enhanced Capital seeks to create innovative structures that fit the needs of small businesses, helping them to grow and create value for all constituents. Enhanced Capital is headquartered in New York City, and has regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, Stamford, Tampa and Washington, D.C.
Origin Senior Leads: Nick Newlin, Bob Wujtowicz
Origin Merchant Securities Inc. assisted Pure Energies Group (“Pure”) in securing US$5.7 million in a combination of bridge equity and debt financing in advance of its successful transaction with NRG Energy, Inc. (“NRG”).
Origin Merchant Securities Inc. arranged the financing to support the growth of Pure during their strategic review process and through the closing of their sale transaction to NRG.
Pure Energies Group (“Pure”) is a leading energy advisor in Canada and the United States. Pure helps homeowners save money on their electricity bills while helping them invest in a more sustainable lifestyle. Pure is committed to being the most trusted energy advisor to homeowners by facilitating the adoption of solar energy and home conservation products across North America for the benefit of communities and future generations. With locations in Toronto, Mississauga and San Francisco, Pure is proudly representing North America in the rapidly expanding international solar, LED and EV market, as a top energy company. Pure completes the residential solar capabilities that NRG, a Fortune 250 company, has been working to assemble.
Origin Merchant Securities Inc. (“OMSI”) is a wholly-owned affiliate of Origin Merchant Partners. OMSI is an exempt market dealer that will agent private placements of debt and equity securities to finance the acquisition capital, growth capital or recapitalization needs of our clients.
Origin Senior Lead: Jim Osler
Origin Merchant Partners is pleased to announce the successful merger of Maryland Materials Inc. and its affiliates (collectively. “MMI”) with entities controlled by Bluegrass Materials Company, LLC (“Bluegrass Materials”). Origin Merchant Partners acted as the exclusive advisor to Maryland Materials.
Maryland Materials is one of the largest independent aggregates quarries in the United States. Located in North East, Maryland, MMI produces a complete line of crushed stone products from granite and trap rock reserves that are used for construction site development, highway construction projects and the production of hot mix asphalt and concrete.
Bluegrass Materials is an aggregates producer with headquarters in Jacksonville, Florida and operations in the Southeast and Mid-Atlantic regions of the United States.
Origin Senior Lead: Nick Newlin
Origin Merchant Partners is pleased to announce that Capstone Infrastructure Corporation (“Capstone”) and Renewable Energy Developers Inc. (“ReD”, formerly Sprott Power Corp.) have successfully completed the previously announced plan of arrangement (the “Arrangement”) pursuant to which Capstone acquired all of the issued and outstanding common shares of ReD.With the completion of the Arrangement, it is anticipated that the ReD shares will be delisted from the TSX as soon as practicable. ReD is now a subsidiary of Capstone.
Origin Merchant Partners acted as financial advisor to Capstone with respect to this transaction.
Capstone Infrastructure Corporation’s mission is to build and responsibly manage a high quality portfolio of infrastructure businesses in Canada and internationally in order to deliver a superior total return to shareholders by providing reliable income and capital appreciation. Capstone’s portfolio comprises investments in Canada’s power infrastructure, including gas cogeneration, wind, hydro, biomass and solar power generating facilities, representing approximately net 465 megawatts of installed capacity, and contracted wind power development projects totalling net 79 megawatts of capacity. Capstone also invests in utilities, including a 33.3% interest in a district heating business in Sweden, and a 50% interest in a regulated water utility in the United Kingdom. For more information, please visit www.capstoneinfrastructure.com.
Origin Senior Lead: Jim Osler
Origin Merchant Partners is pleased to announce the successful sale of Energy Manufacturing Company, Inc. (“Energy”) to Ligon Industries, LLC (“Ligon”). With the addition of Energy, Ligon expands its presence in the mobile industrial equipment end market and further strengthens its products offering. Origin Merchant Partners acted as exclusive financial advisor in this transaction.
Energy Manufacturing Company is a leading designer and manufacturer of hydraulic cylinders and related products for mobile and stationary industrial equipment. Their products are sold to customers in a wide variety of industries including agriculture, construction, lawn & garden, refuse compaction, forestry and medical. Energy Mfg. is based in Monticello, Iowa. The Company has access to Asian sourcing of cylinders through an exclusive manufacturing relationship in Dongguan, China.
Ligon is the largest independent manufacturer of hydraulic cylinders in North America through its operating businesses including HDM Hydraulics, HTI, Ramrod Industries, Seabee Corporation, Fisher Hydraulics, Great Bend Industries, Hydratech and now Energy Mfg.
Origin Senior Lead: Bill Doepke
Origin Merchant Partners is pleased to announce the successful sale of certain assets of the Tool Steel Division of Steel Warehouse Company, LLC (“Steel Warehouse”) to Cincinnati Tool Steel Company Inc. (“Cincinnati Tool Steel Company”). Origin Merchant Partners served as the exclusive financial advisor to Steel Warehouse.
Steel Warehouse is one of the largest family-owned industrial concerns in the U.S. and Mexico focused on the metal service center sector. The company offers a broad range of processing services to provide production-ready steel for metal stampers, fabricators and manufacturers. Services include leveling, slitting, temper/cut-to-length, blanking/shearing, pickling and cold reduction. Steel Warehouse affiliates produce mechanical and structural grade steel tubing and fabricate medium to heavy gauge components for original equipment manufacturers. The Tool Steel Division is headquartered in South Bend, Indiana, and is operated as a master distributor of multiple tool steel products. Its processing capabilities include sawing, milling, and grinding.
Cincinnati Tool Steel Company is a value-added distributor of tool steel, powder metal and alloys based in Rockford, Illinois.
Origin Senior Lead: Bob Wujtowicz
Origin Merchant Partners is pleased to announce the successful acquisition of Precise Structural Products (“Precise Structural”), a business unit of L.B. Foster Company, to Cianbro Fabrication and Coating Corporation (“Cianbro”). Origin Merchant Partners acted as the exclusive financial advisor to L.B. Foster Company and Precise Structural.
Precise Structural is engaged in manufacturing fabricated steel products for the highway, bridge, transit and construction markets. Precise Structural provides custom fabrication and related services including welding, sawing, cambering, blasting and painting. Precise Structural is headquartered in Georgetown, Massachusetts.
Cianbro is a provider of heavy industrial, civil construction and construction management services based in Pittsfield, Maine.
Origin Senior Lead: Bob Wujtowicz
Origin Merchant Partners is pleased to announce the successful sale of Magna-Tech Manufacturing , Inc. (“Magna-Tech”) to CapitalWorks, LLC (“CapitalWorks”). Origin Merchant Partners served as the exclusive financial advisor to Magna-Tech and its shareholders.
Magna-Tech is the largest independent provider of vacuum impregnation sealing solutions in North America for both cast metal and electronic components. The Company also offers metal machining, leak testing, chromating, cleaning, shot blasting, sub assembly and thermal deburring services. Its customers primarily produce components for the automotive, railcar, pleasure boat, electric motor, electronic module and wire/cable industries.
CapitalWorks is a private equity firm focused on control investments in middle-market companies in the United States and Canada.
Origin Senior Leads: Bill Doepke, Nick Newlin
