Seale & Associates Advises Grupo DLG on the Acquisition of Two Railcar Repair Shops from The Greenbrier Companies

MEXICO CITY, MEXICO – Seale & Associates announced that it acted as exclusive financial advisor to  Grupo DLG (DLG) on the acquisition of assets for the operation of two railcar repair shops in Mexico City from The Greenbrier Companies (NYSE: GBX). The repair shops are located at Ferrocarril y Terminal Del Valle De México S.A. de C.V. (Ferrovalle), Mexico’s largest rail terminal and intermodal transportation hub. The acquisition will strengthen DLG’s leadership position and presence in the Mexican rail services industry, and allow it to solidify business relationships with its customers, including Grupo Mexico’s Ferrosur & Ferromex, and Kansas City Southern de México.

DLG is a Monterrey, Mexico based privately held group focused on servicing the railroad industry. With more than 50 years of experience, the group is integrated by 5 companies that together offer more services to the Mexican railroad industry than any other competitor. With more than 300 employees at 11 locations throughout Mexico, DLG offers car repair, track work, logistic solutions, and financial services.

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is one of the leading designers, manufacturers and marketers of railroad freight car equipment in North America and Europe, and a manufacturer and marketer of ocean-going marine barges in North America. The company is a leading provider of railcar refurbishment and parts, leasing and other services to the railroad and related transportation industries in North America.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale Advises on Sale of Sicelub to Colfax Corporation

MEXICO CITY, MEXICO — Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to the majority shareholders of Sistemas Centrales de Lubricacion, S.A. de C.V. (“Sicelub”) on the sale of its stake to Colfax Corporation. Sicelub is a world leader in the reconfiguration of the tribo-thermo-dynamic processes of the energy Industry’s dynamic equipment. Colfax Corporation is a multi-platform diversified industrial company serving hundreds of global industries.

Sicelub was founded in 1988, has headquarters in Mexico City, and operates through more than 40 offices located across 9 countries. Sicelub serves the oil and gas, power generation, mining, cement, steel, food, and paper industries. Additional information about Sicelub is available at www.sicelub.com.mx

Colfax Corporation is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. Colfax brands are among the most highly recognized in each of the markets that it serves. The company trades at the New York Stock Exchange (NYSE) under the ticker symbol CFX. Colfax Corporation had consolidated net revenue of US$4.2 billion in 2013 with more than 16,000 employees. Additional information about Colfax is available at www.colfaxcorp.com.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale & Associates Advises Louisville Ladder on its Acquisition of the folding attic stairways business of Century Industries

LITTLE ROCK, ARKANSAS — Seale & Associates, Inc. announced that it acted as financial advisor to Louisville Ladder, Inc., a leading manufacturer of consumer and professional ladders and other climbing products, on its acquisition of the folding attic stairways business of Century Industries, Inc.

Louisville Ladder, Inc., founded in 1946, is a global industry-leading manufacturer of high quality aluminum, fiberglass and wood step ladders, extension ladders, stepstools, and scaffolds for consumer and professional applications worldwide.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale & Associates Advises on Sale of NorthAm Engineering to Foster Wheeler

MONTERREY, MEXICO – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Corporación E.G., S.A. de C.V. (“Corporación E.G.”) on the sale of NorthAm Engineering, S.A. de C.V. (“NorthAm”), one of the largest Mexican engineering and project management companies, to Foster Wheeler AG (“Foster Wheeler”). NorthAm has approximately 400 employees with its main operations based in Monterrey, Mexico City and Poza Rica with a track record in upstream, offshore and onshore, downstream and power projects in North America. The acquisition of Northam is part of a strategic initiative by Foster Wheeler to expand its operations in the growing Mexican market.

Corporación E.G., based in Monterrey, Mexico, is a leader in the design, manufacture and supply of centrifugal pumps primarily serving oil and gas, power generation, heavy industry, chemical processing, mining, and water and wastewater markets worldwide. Founded in 1979, Corporación E.G. employs more than 2,000 employees in over 90 countries with manufacturing facilities, machine shops, service centers, and offices strategically located around the world . Corporación E.G. provides products and services under the brands Ruhrpumpen, Barnes de Colombia, Barnes, WDM, and Tigerflow.

Foster Wheeler (NASDAQ:FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company had approximately US$3.4 billion in total revenue in 2012 and employs approximately 13,000 professionals with specialized expertise dedicated to serving clients through two primary business groups . The Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. Foster Wheeler is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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We are Pleased to Announce Another Strong Year in 2013

  • Despite an uneven global M&A environment in 2013, Seale & Associates had another outstanding year due to the trust our clients place in our unique capabilities to solve their most challenging financial issues. Once again, we offer our thanks to our colleagues and friends for supporting our continued success.
  • The breadth of our M&A and corporate finance activity once again took us around the globe as our team managed transactions in Brazil, Canada, India, Italy, Mexico, the United Kingdom, and the United States.
  • We successfully advised leading public and private companies in a wide range of industries including automotive, chemicals, commercial refrigeration, construction products, data analytics, engineering & construction, healthcare, hospitality, oil & gas pumps, and security.

REPRESENTATIVE 2013 TRANSACTIONS

2013 YIR Tombstones

TEAM UPDATE

Our professionals remained active beyond client service, including:

  • Seale & Associates joined the United States-Mexico Chamber of Commerce as a Presidential Sponsor and Brett Carmel, Senior Managing Director, was nominated to the Binational Board of Directors.
  • Seale & Associates sponsored the Wounded Warrior Project through their participation and sponsorship in the Yellow Ribbon Fund for Injured Service Members.
  • Seale & Associates hosted several conferences covering current market trends and M&A deal activity at chambers of commerce, business associations and academic institutions in Mexico, including the San Luis Potosi Chamber of Industry (Canacintra) and The Monterrey Institute of Technology and Higher Education (ITESM).

We are pleased to announce the following promotions and additions to our team:

  • Seale is pleased to announce the promotion of Tom Clancy and Francisco Viornery to Vice President. Tom is a CPA and is pursuing his CFA designation, having passed the level III CFA Exam. Francisco has been a member of the Mexican Finance Executive Institute (IMEF) since 2007. We are also pleased to announce the promotion of George Mucibabici to Senior Associate and Andrea Vandersall to Associate.
  • Seale & Associates is pleased to announce John Schauss joined as a Senior Director. Prior to Seale, John held senior operating and financial positions with Media General, The George Washington University, Eastern University, and Tulane University. John has more than 30 years of experience in corporate finance, mergers and acquisitions, and general corporate advisory, including specialized expertise in taxable and tax-exempt – public and private debt financings.
  • Seale & Associates is pleased to announce the hiring of Edmi Vazquez as an Analyst. Prior to Seale, Edmi worked at McLarty Associates in the Latin American team, where she regularly monitored key trade and investment issues in the region, as well as authored reports on speeches, panel discussions, and economic policy forums. Edmi is a graduate from Dickinson College with a B.A. in Economics and International Business. She is fluent in English and Spanish as well as proficient in French.

ABOUT SEALE & ASSOCIATES

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information please visit www.sealeassociates.com.

ADVISOR TO LEADING COMPANIES WORLDWIDE

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Seale & Associates Advises United Technologies Climate, Controls & Security on Sale of its Forney Business to Washington Post

DALLAS,TEXAS – Seale & Associates announced that it acted as exclusive financial advisor to UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX), on the sale of its Forney Business to The Washington Post Company (NYSE:WPO). Forney is a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications.

UTC Climate, Controls & Security is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide with revenues of over $61 billion. UTC Climate, Controls & Security is the leading provider of heating, air conditioning and refrigeration systems, building controls and automation, and fire and security solutions with revenues of over $17 billion.

The Washington Post Company (“TWPC”) is a diversified education and media company. TWPC’s Kaplan subsidiary provides a wide variety of educational services, both domestically and outside the United States, including programs to prepare students for careers in healthcare and many other fields. Its media operations include newspaper publishing (principally The Washington Post – subsequently sold to Jeff Bezos), television broadcasting (through the ownership and operation of six television broadcast stations) and cable television systems. TWPC also owns Celtic Healthcare, a multistate provider of Medicare-certified home healthcare and hospice services.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale Advises on Sale of WoodCrafters to Fortune Brands Home & Security

WESLACO, TEXAS – Seale & Associates, Inc. (“Seale”) announced that it acted as financial advisor to WoodCrafters Home Products (“WoodCrafters”), a leading designer and high quality manufacturer of bathroom furniture in North America, on the sale of the company to Fortune Brands Home & Security, Inc. (NYSE: FBHS) (“FBHS”), an industry-leading home and security products company. WoodCrafters will operate as a business unit of MasterBrand Cabinets, which is the kitchen and bath cabinetry unit of FBHS. The announced value of the transaction was US$300 million.

Woodcrafters, headquartered in Weslaco, Texas, is a leading, privately-owned manufacturer of bathroom vanities and tops with estimated annual sales of US$230 million and approximately 2,000 associates. WoodCrafters operates highly efficient, vertically integrated manufacturing operations in southern Texas and northern Mexico, including the world’s largest and most sophisticated facility for the production of composite vanity tops. Products are sold through the largest home improvement centers in North America. WoodCrafters is led by a strong seasoned management team with an execution-driven culture.

FBHS, headquartered in Deerfield, Illinois, provides home and security products and services for use in residential home repair, remodeling, new construction, and security and storage applications. The company’s trusted brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. FBHS holds market leadership positions in all of its segments. FBHS has more than 16,000 full-time associates and generated $3.6 billion in net sales in 2012.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale & Associates Advises Rheem Manufacturing Company on its Acquisition of Heat Transfer Products Group

ATLANTA, GEORGIA – Seale & Associates, Inc. (“Seale”) announced that it acted as financial advisor to Rheem Manufacturing Company (“Rheem”), a leading designer and high quality manufacturer of heating, cooling, and water heating solutions, on its acquisition of Heat Transfer Products Group (“HTPG”), a manufacturer of heat transfer and refrigeration equipment.

Rheem, headquartered in Atlanta, Georgia, is an industry-leading provider of total heating, cooling and water heating solutions for the residential, commercial, and industrial markets. Rheem’s wide range of product offerings includes heating, cooling, conventional and hybrid storage-style water heaters, tankless water heaters, solar water heating systems, hydronic and geothermal systems, indoor air quality accessories, and replacement parts for all categories. Rheem is a subsidiary of Paloma Industries of Nagoya, Japan, with over $3 billion in annual sales.

HTPG designs and manufactures heat transfer and refrigeration equipment under the premium brand names, Russell, Witt, Kramer, and ColdZone. HTPG is a leading supplier of refrigeration equipment through its broad offering of thermal management solutions, including components such as unit coolers, condensing units, air cooled condensers, fluid coolers, chillers, custom coils, and air handlers, as well as complete packaged systems.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.

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Seale & Associates Sponsors Wounded Warriors

Seale & Associates is proud to announce our participation in the Yellow Ribbon fund’s 6th Annual Golf Classic for Injured Service Members. The event was held on July 15 at the Army Navy Country Club in Arlington, VA. Three associates from Seale were partnered with an injured service member and honored our nation’s injured heroes with an enjoyable day on the golf course. Our colleagues were grateful to have had the opportunity to participate and support the bravery and recovery of our injured servicemen and women.

Since 2005, the Yellow Ribbon Fund has provided help and support to injured service members and their families while they recover in Washington, DC at Water Reed National Military Medical Center, Fort Belvoir Community Hospital, and after they return to their homes. Today, the Yellow Ribbon Fund continues to provide practical support by providing free hotel stays, rental cars and cab rides for visiting families as well as free apartments to keep families together during outpatient treatment; pro bono legal services, as well as innovative mentoring and ongoing support even after injured service members leave the hospital and return home. The Yellow Ribbon Fund is one of the only service organizations to offer family caregiver support, which includes childcare, spa visits, dinners out and more. The Yellow Ribbon Fund also provides social events and outings to build self-esteem and offer relief from their recovery.

For more information on the Yellow Ribbon Fund, their events and how to get involved please visit their website at http://www.yellowribbonfund.org.

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Brazilian Political Divide Reveals Investment Opportunities

SÃO PAULO, BRAZIL – As Brazil enters the international sports spotlight, first with the Confederations Cup and then the 2014 World Cup and the 2016 Olympics, it is at a social crossroad.  The recent protests are an open exhibition of the urban and middle class dissatisfaction with the political landscape.  Although these displays of free speech are often ugly reminders of political instability, they also call attention to the growing middle class demands for basic public services and infrastructure improvements outside of the investment in FIFA stadiums.  The pleas of the middle class highlight tremendous opportunities for investment to satisfy these needs.

Despite improvements in the gross earnings of Brazilians in recent years, the standard of living in Brazil’s large urban centers has deteriorated as the growth in costs has outpaced the growth in wages.  The impact of inflation, especially on the service sector and middle class, has been severe.  Inflation for families is much higher than the overall official inflation figure.  For example, although overall inflation in Brazil in 2012 was reported at 5.8%, inflation of private schools and healthcare were 12% and 9%, respectively.  Although the higher relative inflation of specific items is not unique to Brazil, it is one of several underlying factors driving the protests.  It has been reported that the general public’s dissatisfaction with government services has also been a significant driver of these protests.

A Movement without a Leader

As young people took to the streets to protest increases in public transportation costs, other groups of all ages voiced their concerns of increasing utility prices.  Inevitably, the protest expanded and the movement diversified.  These protests are the largest since 1992 and have attracted hundreds of thousands across several of Brazil’s largest cities.  Given the numbers involved, it is natural that the range of concerns is broad.  Despite a range of concerns, the Brazilian people have been very specific in their demands for better hospitals, transportation, educational opportunities, and price controls.

Highlights of the Movement

  • The protests have attracted widespread support among the “common citizen” despite being a movement of urban dissatisfaction for public services
  • It is a horizontal mobilization, a movement without centralized leadership
  • The movement carries a strong level of rejection and frustration given the budgetary overages on FIFA stadiums and unwavering political parties

Rejection of Political Parties

The rejection of the political parties comes from a crisis of representation. This crisis began with the 2010 presidential election, where Marina Silva, candidate of the green party (Partido Verde or “PV”) unexpectedly received almost 20% of the vote. Reportedly citizens did not see Marina as a viable alternative, but opted for her in order to send a message to the current ruling party (Partido dos Trabalhadores or “PT”). Protesters, jaded by current political parties, demonstrate dissatisfaction with the PT, but do not support the main opposing party (Partido da Social Democracia Brasileiro or “PSDB”). President Rousseff recently announced a bill to spend 50 billion reais (US$25 billion) on urban mobility projects in an effort to assuage the disenfranchised constituents. Additional legislature has been proposed which would spend Brazil’s oil royalties on education and healthcare.

Investment Opportunities

The rising tensions from growing costs and neglected infrastructure projects have given rise to the recent protests. Businesses and entrepreneurs are aware of the potential impact an eventual resolution will bring. Although the protests are an exhibition of uncertainty, the catalyst of the movement is the need for a more robust infrastructure – which serves as the paramount investment opportunity in Brazil.

For more information, please contact:

Luiza Barguil
Managing Director
lbarguil@sealeassociates.com

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