Lincoln International Represents Aurora Capital Group and its Aurora Resurgence Funds in the sale of Lexington Precision Corporation’s Rubber Group to Industrial Growth Partners
Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, has announced that Lexington Precision Corporation (“Lexington” or the “Company”) has sold its Rubber Group to Industrial Growth Partners. Lexington is a portfolio company of Aurora Capital Group (“Aurora”).
With manufacturing and engineering locations in Georgia, Ohio, and South Carolina, the Rubber Group is a premier manufacturer of precision-molded rubber components which are critical to the end products of customers in the automotive aftermarket, automotive original equipment market and medical device market. The Company operates as a full-service, vertically-integrated supplier, offering its customers a complete, cost-effective solution for the design, tooling, manufacturing and delivery of the most complex molded-rubber components in high volumes.
Steve Martinez, Managing Director at Aurora Resurgence, commented, “Lincoln executed a successful, targeted sale process under an expedited timeline that generated an excellent outcome for Lexington’s shareholders, management team and employees. Lincoln’s combination of local execution and global automotive and healthcare industry expertise identified the right potential acquirers and managed the process seamlessly for Lexington.”
Chris Petrossian, Managing Director and Head of Lincoln’s Los Angeles office, commented, “We are honored that Aurora selected Lincoln to lead this important transaction. Lincoln is also pleased to close our inaugural transaction for the new Western Region Investment Banking effort and, in the process, working closely with our automotive and healthcare teams to deliver the best execution for our client.”
Lincoln International acted as the exclusive financial advisor to Aurora and Lexington, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, buyer coordination and contact, due diligence and final negotiation phases of the transaction.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices, three in the Americas, two in Asia, and seven in Europe, and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm 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.
About Aurora Capital Group
Aurora Capital Group is a Los Angeles-based private investment firm managing over $2.0 billion of capital across several private equity funds. Aurora's traditional private equity vehicle, Aurora Equity Partners, focuses principally on control-investments in middle-market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora's special situations fund, Aurora Resurgence, invests in debt and equity securities of middle-market companies and targets complex situations that are created by operational or financial challenges either within a company or a broader industry. Aurora Resurgence acts as a constructive partner with management teams and other stakeholders to help drive financial growth and operational improvements. Aurora Resurgence is active in both secondary market purchases of securities and in infusing new capital to companies. Aurora’s broad investment mandate allows the firm to be a flexible source of capital for companies across a broad array of industries. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing.
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