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Standard Locknut |
| Western
Window Systems |
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Standard Locknut , Inc.
Standard Locknut, Inc. is a leading ISO certified manufacturer of bearing accessories and a broad line of precision machined products. The Company markets its products to a variety of industries including bearing, heavy construction, paper, mining, oil field, energy, automotive, and industrial industries. In an effort to provide the shareholders of Standard with liquidity, and to transition the business to the next level, the Company was sold to Capital for Business, Inc. and Centerfield Capital Partners, L.P., two experienced private equity groups. Capital for Business and Centerfield's acquisition of Standard will enable the Company to further its position in the market place and to support management's growth plans for the business. MelCap Partners successfully represented Standard Locknut in this sale transaction. As the Company's exclusive investment-banker and financial advisor through this process, MelCap Partners was instrumental in enabling the shareholders of Standard Locknut to realize significant value for the business. Standard Locknut's President, Mr. Scott Waddell, said, “Having never been through the process of selling a business before, we went looking for a professional "mid-market" group that could effectively represent our shareholders and their ownership transition goals. MelCap Partners is where we turned, and the final results exceeded our expectations. Thank you MelCap for your leadership and persistence throughout this successful transaction!” |