Lincoln International's Building and Construction Group Represents ITOCHU Corporation in the Acquisition of Galleher, Inc.
CHICAGO February 20, 2007 ITOCHU Corporation (TSE: 8001) has announced that it has acquired Galleher, Inc., a leading full-service flooring distributor. Lincoln International, a leading mid-market investment bank, acted as the exclusive financial advisor to ITOCHU Corporation. Terms of the transaction were not disclosed.
ITOCHU Corporation, headquartered in Japan, is a general trading company with more than $18 billion in revenues and 675 subsidiaries and affiliates worldwide. Galleher, Inc., headquartered in Santa Fe Springs, Calif., distributes wood and other flooring products to the Southwest region of the United States. Galleher is one of the largest floor covering distributors in the U.S. and primarily serves builders, contractors and retailers.
Lincoln International worked closely with ITOCHU to identify a strategic target and structure a transaction that would enable the company to enter the U.S. wood flooring distribution market and leverage the strengths of its existing building products businesses.
We were very focused on acquiring a flooring distribution company in the U.S. that fit with our culture and strategic goal of establishing a platform for future growth in the flooring distribution business, said Scott C. Suh, Director of ITOCHU's Chemicals, Forest Products and General Merchandise Division. Lincoln International was invaluable in negotiating a transaction that worked for both sides and was instrumental in keeping the deal moving forward.
Lincoln International used its extensive network of relationships and deep experience in the building and construction industry to assist ITOCHU in initiating contact with Galleher, said Andrew Bohutinsky, managing director and head of Lincoln Internationals Building and Construction group. Using our expertise, we were able to help ITOCHU structure a transaction that was beneficial to all parties.
About Lincoln International
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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