InStar Services Group | T.A.W., Inc. | Blaze Recycling & Metals | Enco | AmerCable Incorporated | Representative Transactions
Morgan Keegan’s Industrial team is focused on meeting the needs of manufacturers, distributors and services firms serving the residential, commercial and industrial construction, power generation, process chemical and pulp and paper industries.
Case Studies
InStar Services Group
InStar Services Group, LP, a subsidiary of The ServiceMaster® Company, was acquired by BlackEagle Partners, LLC, a private equity firm with offices in New York and Bloomfield Hills, Mich. The transaction closed on August 19, 2008. Based in Fort Worth, Texas, InStar is a leading national provider of disaster response, insurance restoration and reconstruction services operating from 14 branches throughout the United States. In addition to disaster response, services include response to regularly occurring incidents, such as fires, floods, water-line breaks and storm damage in order to return damaged property to its pre-loss condition. The company also provides structural maintenance, renovation and modernization services to large multi-family properties. InStar markets its services to a broad range of customers, including retail, hospitality, manufacturing, healthcare, insurance companies and multi-family residential property owners/managers. Prior to the transaction, InStar was a division of The ServiceMaster® Company, a Fortune 500 portfolio company of private equity firm Clayton, Dubilier & Rice.
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T.A.W., Inc.
T.A.W., Inc. sold a majority ownership interest to an affiliate of Lime Rock Partners. Founded in 1967 and headquartered in Alma, Ark., T.A.W. is a leading provider of well site and pipeline construction, maintenance and support services to oilfield customers operating throughout the United States. T.A.W.’s well site preparation and construction services include site clearing, road construction, pad construction, reservoir pit construction and other complementary services. Additionally, T.A.W. provides comprehensive pipeline construction services. The company operates over ten locations and maintains a fleet of over 500 units of heavy equipment.
With $1.6 billion under management, Lime Rock Partners is a creative, value-adding, and long-term investor of growth capital in companies in the global exploration and production, energy service, and oil service technology sectors. From locations in Aberdeen, Scotland; Calgary, Alberta; Houston, Tex.; and Westport, Conn., the Lime Rock Partners team brings together a global network of relationships, deep interdisciplinary expertise in finance and energy company operations, and a strong track record of value creation.
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Blaze Recycling & Metals
Blaze Recycling & Metals completed a recapitalization transaction. Blaze Recycling & Metals is one of the leading integrated scrap operators in the southeastern United States. The company operates five scrap yards in Georgia and Alabama that purchase ferrous and non-ferrous scrap metal, including scrapped automobiles, copper wiring, copper, aluminum, brass, stainless steel, insulated wire, steel, tin, iron, industrial manufacturing scrap and various other scrap metal objects. Blaze owns and operates a high-capacity shredder and other processing equipment including a non-ferrous baler, a wire chopping line and a mobile shear. The company has a diverse customer base throughout the Southeastern United States including electric arc furnace mills, foundries, copper tube mills, integrated steel mills, metal brokers (for export) and other recyclers.
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Enco
Enco Materials, Inc. was acquired by Gerdau Ameristeel Corp. Enco is a leading value-added distributor of commercial construction materials in the Southeastern United States. The company’s products include fabricated reinforcing steel, concrete and masonry accessories, concrete forming and shoring equipment, fabricated structural steel and architectural products. Headquartered in Nashville, Tenn., the company serves the non-residential and highway and public works construction markets through its network of eight wholesale distribution centers. Enco’s customers include highway and public works contractors, specialty subcontractors, ready mix suppliers and building supply companies. The company serves some of the most attractive regions of the Southeastern U.S., including Northwest Arkansas, Central Arkansas, West Tennessee, Middle Tennessee (covering Alabama and portions of Kentucky), East Tennessee, the Tri-Cities region of East Tennessee (including western portions of North Carolina, West Virginia and Virginia) and Southwest Georgia (including Northern Florida).
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AmerCable Incorporated
AmerCable Incorporated is a leading designer, manufacturer and marketer of jacketed electrical cable products used in extreme operating environments, including mining, offshore oil and gas and a variety of specialty industrial applications. AmerCable targets markets that place value on specialized solutions rather than commodity products. The company’s products are designed to exceed exacting industry and customer specifications for a variety of physical properties such as flexibility, tensile strength, abrasion resistance, heat and flame resistance, low smoke and halogen free emissions. AmerCable, a former division of Associated Materials, was acquired by Wingate Partners in 2002.
AmerCable and Wingate Partners engaged Morgan Keegan as exclusive financial advisor in a process that culminated in the successful sale of AmerCable to Industrial Growth Partners in 2005. In 2007, Morgan Keegan again served as financial advisor to AmerCable when Quintana Capital acquired the company from Industrial Growth Partners.
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Representative Transactions
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