Lincoln International represents Thermafiber, Inc. in its sale to Altus Capital Partners
CHICAGO, July 30, 2007 - Lincoln International, a leading mid-market investment bank, today announced the sale of Thermafiber, Inc. ("Thermafiber") to Altus Capital Partners and management. Thermafiber was a subsidiary of Hercules Fiber II, LLC ("Hercules"). The Thermafiber transaction is the latest deal handled by Lincoln International's Building and Construction Group, which has completed 17 assignments since the beginning of 2006.
Based in Wabash, Indiana, Thermafiber is a leading producer of mineral wool insulation products in the United States for commercial and industrial applications. Thermafiber has a widely-recognized brand name, and its products have become the industry standard specification in architectural design and engineering applications. Thermafiber's leading market share is a result of its more than 72 years of experience, its innovative, proprietary products and its excellent service reputation. This industry excellence has resulted in its products being installed in most well-known high-rise buildings around the world. The transaction aligned company management with new partners who are committed to extending strong company growth trends and enhancing Thermafiber's value proposition.
"Lincoln was a valuable and trusted partner throughout the sale process," said Steve Edris, President of Thermafiber. "Their advice and experience assisted us through a complex sale process that resulted in a great outcome for all parties involved."
About Altus Capital Partners
Altus Capital Partners, Inc. is a private equity firm pursuing an investment strategy to acquire small to middle market manufacturing businesses with enterprise values between $15-75 million. The firm concentrates on businesses based in the Midwest, South, and East Coast regions of the United States. Additional information can be found at www.altuscapitalpartners.com.
About Lincoln International
Lincoln International Group ("Lincoln International") specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, and Paris, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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