Advised on acquisition and merger of engineered cabs manufacturers
Subscribe to Transaction NewsAdvised on acquisition and merger of engineered cabs manufacturers
Subscribe to Transaction NewsKevin and his team acted as exclusive financial advisor to Angeles Equity Partners in the acquisition and merger of Crenlo Cab Products, LLC and Worthington Industries Engineered Cabs (WIEC).
Angeles merged Crenlo and WIEC to drive growth through improved manufacturing scale and capabilities, better geographic reach, and broader productive portfolio capabilities. The combined business are majority-owned and controlled by Angeles, with Worthington Industries retaining a minority ownership position as part of a cashless transaction with Angeles.
Crenlo designs and manufactures engineered cabs in Minnesota and through its wholly owned Siac do Basil subsidiary in South America. Crenlo’s Emcor® division provides high-quality server cabinets, enclosures, and consoles engineered to protect sensitive electronic equipment in the commercial enterprise and defense sectors in North America.
Worthington Industries Engineered Cabs designs and manufactures “Made in America” custom engineered cabs in South Dakota and Tennessee.
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm’s expertise in operational transformation and strategic repositioning.
Note: This work was performed prior to joining Stout.