Lincoln International Represents Fulham & Co. in the Sale of ZSi-Foster to Pfingsten PartnersLincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that ZSi, Inc. and Foster Manufacturing Co., Inc. (collectively “ZSi-Foster” or the “Company”) have been sold by Fulham & Co. (“Fulham”) to Pfingsten Partners, L.L.C., a Chicago, Illinois-based private equity firm which invests in manufacturing, distribution and business services companies. Terms of the transaction were not disclosed.
Headquartered in Canton, Michigan, with an additional manufacturing facility in Springfield, Missouri, ZSi-Foster is a market-leading manufacturer and supplier of highly engineered, mission critical clamping and coupling devices. The Company’s products are found in demanding environments across diversified end markets, including general industrial, fluid power, HVAC, refrigeration and electrical markets.
Lincoln acted as the exclusive financial advisor to ZSi-Foster in this transaction, working closely with its shareholders and management team throughout the process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. ZSi-Foster represents another successful Lincoln advisory assignment on behalf of Fulham, a Wellesley, Massachusetts-based private equity firm which invests in niche manufacturing companies, having previously assisted with the sale of Kerk Motion Products in 2008, F.R. Drake Co. in 2011 and Joyce/Dayton Corp. in 2014.
About Lincoln InternationalLincoln 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 sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in 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.
More information about Lincoln International can be obtained at www.lincolninternational.com