We are pleased to have assisted Ford Industrial and its ownership in achieving their goals and realizing an outcome that benefitted all parties involved
Chicago, Il and Sebastian, Fla (Vocus) February 11, 2010
Houlihan Smith & Company, Inc. ("Houlihan") acted as exclusive sell-side advisor in the asset sale of Ford Industrial Leasing, Inc.(“Ford Industrial”) to Southwire Company, it was announced today by Charles Botchway, Group Managing Director and Vice Chairman of Houlihan. The transaction was led by Houlihan Smith Managing Director Sylvester Gbewonyo.
“Houlihan was able to effectively manage our transition throughout the entire process, identifying a perfect fit for our business, addressing our concerns along the way, and ensuring a successful completion,” said Laurie Ford Russelburg, President of Ford Industrial. “ The transaction will not only have lasting effects for our company, but to our family as well. We appreciate the hard work and effort Houlihan put forth in getting it done.”
“We are pleased to have assisted Ford Industrial and its ownership in achieving their goals and realizing an outcome that benefitted all parties involved,” Gbewonyo said.
Ford Industrial Leasing, Inc. dba Ford Wire and Cable, based in Sebastian, Florida, manufactures and distributes insulated copper wire and cable products to HVAC and electrical markets across the country. The business founded in 1986 by William and Charlotte Ford, who continued to run the company along with their three children. The principals spent two successful decades in the wire and cable industry and developed dozens of mutually beneficial supplier and customer relationships over that time.
Southwire Company is a major wire and cable provider in North America, manufacturing building wire and cable, metal-clad cable, cord products, utility cable products, industrial power cables, and copper and aluminum rod using continuous casting technology. Southwire Company’s OEM Division will be in charge of integrating its newly acquired assets.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing, and valuation services to public and private businesses. Houlihan is a registered broker-dealer and FINRA/SIPC Member. Houlihan understands the time sensitivity of corporate finance, and responds quickly and tenaciously to opportunities.
The Houlihan approach creates corporate finance transactions in which business owners and investors mutually benefit. We have the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise. We provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately held businesses.