CLEVELAND, Feb. 1, 2017 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Midland Stamping & Fabricating (Midland), a subsidiary of Advanced Alloy Processing and portfolio company of Peak Rock Capital, to Speyside Equity (Speyside). BGL's Metals team served as the exclusive financial advisor to Midland in the transaction.
Midland, based in Schiller Park, IL, is a leading specialty provider of metal stamping and fabricated products sold into the automotive, transportation, cookware, and construction end markets. Midland's products include complex and engineered stampings and fabrications, as well as a series of highly specialized products, including polished cookware lids and trash and linen chutes. The Company's extensive manufacturing capabilities include high tonnage stamping presses, plasma cutting, laser cutting, turret presses, punch press, 3-axis vertical machining center, drill press, and automated polishing and welding equipment.
Formed in 2005, Speyside Equity employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming, and food ingredients businesses. It targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company