Stout served as the exclusive financial advisor to Steward Advanced Materials, Inc. in a transaction in which Steward transferred its operating assets to Steward Advanced Materials, LLC. Steward LLC is a company formed by the principals of private equity firms Andlinger & Company, Inc. and Wellbridge Capital Partners, and Steward shareholders. Steward Advanced Materials is a leading producer of highly engineered materials and alloys for the defense industry and other commercial end markets. The business was founded in 2002 as a division of Steward, Inc., a company with over 130 years of experience in producing technical ceramics, ferrites and EMI suppression materials. Today, Steward Advanced Materials is dedicated to producing highly engineered specialty materials and alloys for domestic markets.