Stout announced that its client, Coldwater Machine Company, LLC (“Coldwater”), has been acquired by Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) (“Lincoln Electric”), from North River Capital LLC (“NRC”), a private equity firm based in Fort Wayne, IN. Stout served as exclusive financial advisor to Coldwater and NRC in connection with this transaction.

Coldwater, along with its sister company Pro Systems LLC, is a leading flexible automation integrator and precision machining and assembly manufacturer serving diverse end markets.

“We are very pleased with the outcome of this transaction,” said Grant Schultz, Partner at NRC. “Stout did a terrific job in finding the right partner for Coldwater, which is well-positioned to continue its success as a part of Lincoln Electric.”

“Coldwater has built strong brand recognition and has a long, rich history of providing automated solutions and complex precision components for blue-chip customers,” said Gian Ricco, Director at Stout. “It was a pleasure to work with the Coldwater and NRC teams on this transaction in order to yield an exceptional result.”

“The successful completion of the Coldwater transaction showcases Stout’s expertise and experience advising providers of highly engineered systems and components,” said Christopher Merley, Director and Head of Metals & Mining at Stout.

Stout’s Sidarth Balaji, Steven Simone, and Natalie Walgren assisted in executing the deal.

Ronald Ehinger, Partner at Bose McKinney & Evans LLP, served as the legal advisor and deal counsel to NRC.

Stout’s Investment Banking Group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family-owned businesses, and divisions of large corporate parents. See more transactions in the Metals & Mining sector.