|By Marketwired .||
|July 14, 2014 12:41 PM EDT||
CHICAGO, IL -- (Marketwired) -- 07/14/14 -- Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm, announced today that it advised Guardian Industries, Inc. in its sale to Altra Industrial Motion Corp. (NASDAQ: AIMC). Guardian is a leading supplier of flywheel, motion control and general industrial couplings. Altra is a global manufacturer and marketer of electromechanical power transmission and motion control products.
"We believe that Altra is an excellent partner for Guardian and are excited about the additional growth opportunities that Guardian will have under Altra's umbrella," said Keith Sandin, President of Guardian. "We are very pleased with the transaction and very appreciative of the advice and focused execution provided by Dresner Partners. Dresner's team, led by Paul Hoffman, worked seamlessly with our company and our legal advisors throughout the process and were critical in helping us consummate this successful transaction."
"This acquisition not only provides Altra with highly complementary products, but also enables Guardian to leverage Altra's worldwide distribution network to penetrate additional geographic markets," said Paul Hoffman, Director at Dresner Partners. "The combination is expected to accelerate Guardian's strong growth trajectory."
Steve Dresner, President of Dresner Partners, added, "It was a privilege to represent Guardian in this synergistic transaction. Guardian has a strong reputation in the industrial couplings industry and we believe that this acquisition will significantly strengthen Altra's market position in this space."
Guardian was founded in 1941 and is based in Michigan City, Indiana. The company sells its products to a wide array of industrial power transmission distributors and original equipment manufacturers. For more information about Guardian, please visit: www.guardiancouplings.com.
Altra Industrial Motion Corp., through its subsidiaries, is a leading global designer, producer and marketer of a wide range of electromechanical power transmission products. The company brings together strong brands covering over 40 product lines with production facilities in eleven countries. Altra's leading brands include Ameridrives Couplings, Bauer Gear Motor, Bibby Turboflex, Boston Gear, Delroyd Worm Gear, Formsprag Clutch, Guardian Industries, Huco, Industrial Clutch, Inertia Dynamics, Kilian Manufacturing, Lamiflex Couplings, Marland Clutch, Matrix, Nuttall Gear, Stieber Clutch, Svendborg Brakes, TB Wood's, Twiflex, Warner Electric, Warner Linear, and Wichita Clutch. For more information, go to: www.altramotion.com.
About Dresner Partners
Dresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, Illinois with offices in New York City, Palo Alto, Calif., and Richmond, Va. Founded in 1991, Dresner Partners provides financial advisory services to middle market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services. Dresner Partners is also a member of IMAP, an exclusive global organization of leading merger and acquisition advisory firms. An affiliated company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations. For more information, visit: www.dresnerpartners.com or www.imap.com/locations/office.cfm?OfficeID=416. You can also follow Dresner partners on Twitter: www.twitter.com/DresnerPartners.
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