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Seitz Corporation

Seitz Corporation

BellMark Partners LLC (“BellMark”) is pleased to announce that it advised Seitz Corporation (“Seitz”) in its sale to management and the pr incipals of private investment and management firm Andlinger & Company, Inc. (“Andlinger”). Seitz, based in Torrington, CT is a leader in small-scale motion control and gear train sy stems. The company designs, engineers, manufactures and assembles complex plastic a nd metal components for Fortune 1000 customers engaged primarily in business equipment, medical products and food & beverage products. Seitz also provides strong engineering capability in developing innovative solutions to customers’ product design issues. Andlinger is a private i nvestment and management firm founded in 1976 by Gerhard R. Andlinger. Andlinger focuses on management buyouts, growth equity capital, corporate divestitures, and acquisitions of private businesses. BellMark is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer products, industrial, healthcare, and business services industries. BellMark provides advice to family businesses, entrepreneurial or closely-held companies, private equity-owned companies, and small-cap public companies. Services include: mergers a nd acquisitions, strategic alternatives reviews, restructurings, debt & equity capital raising, valuations & fairness opinions. Download as...

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Seitz Corporation Deal Announcement

BellMark Partners LLC (“BellMark”) is pleased to announce that it advised Seitz Corporation (“Seitz”) in its sale to management and the pr incipals of private investment and management firm Andlinger & Company, Inc. (“Andlinger”). Seitz, based in Torrington, CT is a leader in small-scale motion control and gear train sy stems. The company designs, engineers, manufactures and assembles complex plastic a nd metal components for Fortune 1000 customers engaged primarily in business equipment, medical products and food & beverage products. Seitz also provides strong engineering capability in developing innovative solutions to customers’ product design issues. Andlinger is a private i nvestment and management firm founded in 1976 by Gerhard R. Andlinger. Andlinger focuses on management buyouts, growth equity capital, corporate divestitures, and acquisitions of private businesses. BellMark is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer products, industrial, healthcare, and business services industries. BellMark provides advice to family businesses, entrepreneurial or closely-held companies, private equity-owned companies, and small-cap public companies. Services include: mergers a nd acquisitions, strategic alternatives reviews, restructurings, debt & equity capital raising, valuations & fairness opinions. Download as...

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BellMark Partners LLC 2nd Quarter M&A Update

M&A Market Update U.S. M&A market activity has slowed from the increases experienced in 2010 for the second quarter ended June 30, 2011: Total deal volume increased approx. 2% from 3,001 deals for the three months ending June 30, 2010 to 3,054 deals during the comparable period in 2011 For the first six months ending June 30, total deal volume increased approx. 3% from 5,610 deals in 2010 to 5,790 deals in 2011 and total dollar value of deals increased 27% from $328 billion in 2010 to $416 billion in 2011 Strategic acquirers have been particularly active, accounting for approximately 82% of total deal volume [1]. Many factors support increased M&A activity in the second half of 2011 including: significant capital availability, credit market liquidity, and sustained corporate earnings growth. However, this growth may be muted as fears of a prolonged economic recovery continue due to weak unemployment and housing figures, as well as governmental budget deficits in the U.S. and abroad. Available Capital Still at Historically High Levels Corporations and private equity firms continue to hold significant capital. As of the first quarter of 2011, nonfinancial U.S. corporations are currently holding in excess of $1.8 trillion in cash [2]. With lower interest rates, such corporations will deploy cash more aggressively through employee hires or plant improvements and expansions, or alternatively, through stock buybacks, dividend payouts, or acquisitions. Furthermore, private equity groups have approximately $485 billion (excluding debt financing) in capital with many managing funds nearing expiration [3]. Credit Markets Supporting LBO Activity For the second quarter ending June 30, LBO activity decreased (9.4%) from 510 deals in 2010 to 462 deals in 2011. Total dollar value of deals increased 34% from $29 billion in 2010 to $39 billion in 2011 as improving credit markets supported larger deals. While deal activity fell, market fundamentals remain strong. In addition, the market’s first and second half performance compare against a surge of activity in the fourth quarter of 2010 due to anticipated tax increases. Strength continued in the credit markets since their rebound in 2010. Total debt to EBITDA multiples for middle market deals less than $500 million totaled 4.75x –...

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Big Rock Sports, LLC

Big Rock Sports, LLC

NEWPORT, NC – July 8, 2011 – Furthering its strategy to deliver the most comprehensive and diversified outdoor sports product offering, Ed Small, Chief Executive Officer of Big Rock Sports, LLC announced today that Big Rock has acquired PA Live Bait Vending. A leader in the live bait and tackle industry, PA Live Bait Vending operates out of Elverson, Pennsylvania and has been supplying and supporting 24 – hour vending machines for the fishing industry since 1997. “This acquisition combines PA Live Bait Vending’s preeminent vending equipment with Big Rock’s unparalleled portfolio of products and services, resulting in more opportunities for our customers to fuel future growth within their businesses. With this transaction, we welcome and embrace PA Live Bait Vending’s customer – focused culture, which since 1997, has supported and supplied 24 – hour vending machines throughout the United States” said Ed Small. PA Live Bait Vending President Gary Harsel will continue with Big Rock Sports, and will help Big Rock expand the 24 – hour vending concept into other product categories. PA Live Bait Vending is committed to the betterment of the sporting goods industry by presenting Big Rock’s customers an opportunity to give the consumer the products they need 24 – hours a day, 7 days a week. Partnering with Big Rock Sports will provide the resources and capital necessary to bring new products and innovations to s porting goods retailers throughout North America. Big Rock Sports was assisted in this transaction by BellMark Partners in Cleveland, Ohio. Big Rock Sports, LLC, is an outdoor sports wholesaler, service provider and business partner to the retail market. Big Rock Sports is international in scope, regional in focus and local in relationships. Big Rock services over 15,000 retailers internationally with a direct sales force who represent over 1,200 manufacturers. Download as...

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Big Rock Sports, LLC Deal Announcement

NEWPORT, NC – July 8, 2011 – Furthering its strategy to deliver the most comprehensive and diversified outdoor sports product offering, Ed Small, Chief Executive Officer of Big Rock Sports, LLC announced today that Big Rock has acquired PA Live Bait Vending. A leader in the live bait and tackle industry, PA Live Bait Vending operates out of Elverson, Pennsylvania and has been supplying and supporting 24 – hour vending machines for the fishing industry since 1997. “This acquisition combines PA Live Bait Vending’s preeminent vending equipment with Big Rock’s unparalleled portfolio of products and services, resulting in more opportunities for our customers to fuel future growth within their businesses. With this transaction, we welcome and embrace PA Live Bait Vending’s customer – focused culture, which since 1997, has supported and supplied 24 – hour vending machines throughout the United States” said Ed Small. PA Live Bait Vending President Gary Harsel will continue with Big Rock Sports, and will help Big Rock expand the 24 – hour vending concept into other product categories. PA Live Bait Vending is committed to the betterment of the sporting goods industry by presenting Big Rock’s customers an opportunity to give the consumer the products they need 24 – hours a day, 7 days a week. Partnering with Big Rock Sports will provide the resources and capital necessary to bring new products and innovations to s porting goods retailers throughout North America. Big Rock Sports was assisted in this transaction by BellMark Partners in Cleveland, Ohio. Big Rock Sports, LLC, is an outdoor sports wholesaler, service provider and business partner to the retail market. Big Rock Sports is international in scope, regional in focus and local in relationships. Big Rock services over 15,000 retailers internationally with a direct sales force who represent over 1,200 manufacturers. Download as...

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