CHICAGO, Nov. 14, 2014 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, has announced that the Automotive Division of Curtis Screw Company LLC ("Curtis Screw" or the "Company") has been sold to MacLean-Fogg Component Solutions ("MFCS"), a division of the MacLean-Fogg Company. The newly formed division of MFCS will be known as MacLean Curtis LLC. Terms of the acquisition were not disclosed. Lincoln International acted as the exclusive financial advisor to Curtis Screw.
Curtis Screw is a leading North American manufacturer of close tolerance, performance-critical automotive components, including pinion and sun gear blanks, parking components, hydraulic connectors, engine timing components and retainer assemblies, serving major vehicle programs. The Company supplies a number of automotive OEMs and Tier 1 suppliers, providing a full service offering, including advanced engineering and design expertise.
Lincoln International advised the Company in connection with the marketing, negotiation and due diligence phases of the transaction and worked closely with Curtis Screw's management team and shareholders throughout the sale process. John Hoskins Jr., Executive Vice President of Curtis Screw Company LLC, commented, "Lincoln's deep knowledge of the automotive industry, guidance throughout the transaction and execution of a highly competitive sale process delivered outstanding value to Curtis Screw's shareholders."
About Curtis Screw LLC
Founded in 1905, Curtis Screw Company LLC is a leading North American manufacturer of highly engineered, precision machined components for automotive OEMs and Tier I suppliers. Headquartered in Buffalo, NY, Curtis Screw employs approximately 275 individuals and operates two manufacturing facilities in Buffalo, NY and Cornelius, NC strategically located near its major OEM customers in North America. For more information please visit www.curtisscrew.com.
About Lincoln International and its Global Automotive & Truck Group
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm 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.
Lincoln International's Global Automotive & Truck Group specializes in automotive component transactions in the mid-market. The group's highly integrated, international team of M&A professionals has extensive experience advising the leading Tier I suppliers in the industry, as well as privately-held and private equity-owned companies supplying automotive components, systems and services. Lincoln International's Global Automotive & Truck Group has advised on 65 transactions since the beginning of 2010. Selected corporate clients of Lincoln in the automotive and truck industry include Alcoa, Bosch, Cummins, Daimler, Delphi, Dyson, Freudenberg, Gentherm, Johnson Controls, Trelleborg, Tyco Electronics, Valeo and Wanxiang.
More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
SOURCE Lincoln International