Lincoln International Represents Pfingsten Partners in the sale of SpeeCo to Blount International
CHICAGO, August 10, 2010 – Lincoln International, a leading global mid-market investment bank, has announced that SpeeCo, Incorporated (“SpeeCo”) has been sold to Blount International (NYSE: BLT) (“Blount”). SpeeCo was a portfolio company of Pfingsten Partners, LLC, an operationally focused private equity firm based in Chicago, Illinois.
Based in Golden, Colorado, SpeeCo is a premier provider of agricultural implements, tractor replacement parts and accessories. Its products, which include log splitters, post hole diggers, tractor three-point linkage parts and equipment and farm accessories, serve the high-growth ruralist and hobby farmer market. SpeeCo products are sold through farm and ranch retailers and farm equipment dealers, primarily under the SpeeCo® and Huskee® brands. Blount is a global manufacturer, marketer and distributor of replacement parts, equipment and accessories for the global forestry, lawn and garden, and construction industries. Blount is the market leader in manufacturing saw chain and guide bars for chain saws under the OREGON®, Carlton® and Windsor® brands.
Lincoln International acted as the exclusive financial advisor to Pfingsten Partners, working closely with SpeeCo’s senior management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Scott Finegan, Managing Director at Pfingsten Partners, commented, “Through a targeted marketing effort and clear understanding of SpeeCo’s industry dynamics, Lincoln achieved an attractive outcome for the shareholders.” Paul Valas, President and CEO of SpeeCo, added, “Lincoln produced an outstanding result for SpeeCo, helping us find the right strategic partner in an expedited manner. The transaction will allow the business to continue on its aggressive growth trajectory.”
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions and valuations on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America 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.comhttp://www.lincolninternational.com/
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