Lincoln Partners Building Products Group Advises on Eighth Completed Assignment in Twelve Months
November 18, 2005 Chicago, IL Lincoln Partners, a leading middle-market investment bank, today announced the sale of a majority interest in WL Plastics to Sequel Holdings, Crow/Kaminski Capital and Falcon Investment Advisors. The WL Plastics management team will continue to own a significant stake in the company. Terms of the transaction were not disclosed.
WL Plastics is a leading manufacturer of High Density Polyethylene (HDPE) pressure pipe in the United States, primarily serving the oil and gas, municipal water, mining and industrial markets. WL Plastics three facilities are located in Casper, Wyo., Cedar City, Utah and Gillette, Wyo.
Lincoln Partners provided us with excellent service and strategic guidance throughout the entire transaction, said Mark Wason, co-CEO of WL Plastics. We are confident that our new investors will help us continue to drive our position as a leader in the industry.
Lincoln Partners managed an efficient, well-run sale process that resulted in an outstanding outcome for all shareholders, said Tim Mackenzie, managing director of Merit Capital Partners, the former largest shareholder of WL Plastics.
Lincoln Partners managed preparatory, marketing, negotiation and due diligence phases of the deal, working with all parties to finalize the transaction. This is the third completed assignment for a pipe manufacturing company and the eighth transaction for Lincoln Partners Building Products Group within the last 12 months, demonstrating the firm's leadership and expertise in this industry. Lincoln Partners Building Products Group focuses on companies in the building products and materials, and infrastructure sectors.
About Lincoln Partners
Lincoln Partners is a leading middle market investment bank specializing in mergers & acquisition services and private capital raising. Headquartered in Chicago and offering a depth of experience in a number of industries, Lincoln Partners ranks as one of the five most active middle market advisory firms in the United States. Its clients include major publicly-traded companies, well-respected private equity firms and prominent entrepreneurial businesses. The firm distinguishes itself by committing hands-on senior banker attention, in-depth industry expertise and international resources to every transaction, thereby producing outstanding results for its clients. For more information, visit www.lincolnpartners.com.
