Lincoln International Represents Electronic Controls Company in its Sale to Berwind Corporation
CHICAGO September 27, 2007 Lincoln International, a leading mid-market investment bank, today announced that Electronic Controls Company (ECCO Group), the world's largest designer, manufacturer, and marketer of proprietary back-up alarms and amber warning lights for commercial vehicles, has been acquired by Berwind Corporation (Berwind).
Berwind is a family-owned investment management firm headquartered in Philadelphia, Pennsylvania, with operating companies that serve a number of industries including pharmaceutical, specialty chemical, office and craft, automotive, and natural resources.
ECCO, which was previously a majority ESOP-owned company, will continue to be led by Ed Zimmer, CEO, and the exisitng senior management team.
About ECCO Group
Founded in 1972, ECCO is a market leader in the global commercial vehicle safety warning products market in which it participates. Headquartered in Boise, Idaho with additional manufacturing facilities in Leeds, England and Launceston, Australia, ECCO sells its back-up alarms and warning lights via a network of over 1,000 distributors covering every state in the U.S. as well as 55 other countries. ECCO supplies a loyal base of both commercial vehicle OEM and distributor customers in a diverse range of new and replacement end markets including agriculture, truck body, earth moving, emergency services, industrial, material handling, mining, construction, utilities, transit, highway maintenance, roadside recovery, and refuse collection. Prior to being acquired by Berwind, ECCO was a majority ESOP-owned company. Further information about ECCO is available on its website at www.eccogroup.com.
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, Paris and Vienna, 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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