Mitsui has sold Hannibal Industries, Inc. to management

Lincoln International, a leading global mid-market investment bank, today announced that Mitsui & Co. (U.S.A.), Inc. (“Mitsui USA”) has sold Hannibal Industries, Inc. (“Hannibal” or the “Company”) to senior management through the formation of an Employee Stock Ownership Plan led by Hannibal’s President, Blanton Bartlett. Terms of the transaction were not disclosed.

Located in Los Angeles, California, Hannibal is a leading manufacturer of steel tube and material handling products. The Company is a value added metal fabricator offering custom carbon steel tubing products to original equipment manufacturers, distributors and retailers in residential construction, automotive, general manufacturing, exercise equipment and other markets. Hannibal is also a leading designer and manufacturer of a wide range of racking products for distribution and retail customers. The Company is the largest manufacturer of storage racks and provider of warehouse solutions west of the Rocky Mountains.

Lincoln International worked closely with Hannibal’s senior management team and Mitsui USA throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. The sale of Hannibal builds upon Lincoln International’s strong global industrials experience, having completed approximately 35 deals in the past year.

About Mitsui & Co. (U.S.A.), Inc.

Headquartered in New York, New York, Mitsui & Co. (U.S.A.), Inc. is the largest subsidiary of Mitsui & Co., Ltd. operating outside of Japan. Mitsui & Co., Ltd., a publicly-traded company headquartered in Tokyo, Japan, operates as a diversified global trading, investment and service company in Japan and internationally. In Fiscal Year 2007, Mitsui & Co., Ltd. had over $41 billion in revenues.

About Hannibal Industries, Inc.

Hannibal Industries, Inc. was founded in 1985 and is a premier manufacturer of steel tube and steel racking products in the Western United States. Headquartered in Los Angeles, California, Hannibal has a strong reputation for premier service and quality products in both its tubular and material handling businesses. More information about Hannibal’s products can be found at www.hannibalindustries.com.

Mitsui has sold Hannibal Industries, Inc. to management
  • 2008
    Close Year
  • Building Products
    Industry
  • Public
    Client Type
  • Financial | Domestic
    Transaction Type
  • USA
    Countries

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