sale

Leeds Electronics

Leeds Electronics, headquartered in Chicago, Illinois, is a well-regarded distributor of electro-mechanical and passive electronic components that are sold to commercial and industrial customers. Leeds was established in 1987 and has offices in five states in the Midwest (Illinois, Wisconsin, Minnesota, Indiana, and Ohio).

Hughes Peters, headquartered in Dayton, Ohio, is a distributor of electronic components and supplier of value-added services with offices in for states (Ohio, Pennsylvania, Michigan, and Texas). With its acquisition of Leeds Electronics, the second in a year for Hughes Peters, the company has significantly expanded its geographic footprint in the Midwest and augmented its product line card.

OEM Capital is a merger and acquisition advisory firm with its primary focus on electronics, communications, software and information technology companies. Its professionals have extensive experience in the industries that they cover. As a member firm in the International Network of M&A Partners, (IMAP), OEM Capital is able to expose its clients to potential acquisitions in every major technology market in the world.

OEM Capital was engaged to assist Leeds in finding a buyer. It prepared marketing materials to best reflect the business opportunity and then contacted companies in the US and abroad who it believed could have a serious interest. Through a competitive sale process, a premium valuation was secured.

OEM Capital’s success with Leeds illustrates that superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

Spire Methode Electronics

Spire Corporation, a publicly held company (Nasdaq: SPIR) based in Bedford, Massachusetts is a technology leader in the manufacturing of compound semiconductor wafers used in high bandwidth applications, a supplier of manufacturing equipment for assembling photovoltaic modules from solar cells, and a provider of ion implant services for implantable medical devices.

Methode Electronics, Inc., a publicly held company (Nasdaq METH) based in Chicago , Illinois is a manufacturer of electrical and optoelectronics components.

OEM Capital was asked to assist Spire Corporation in managing the sale of the business to one or more buyers to maximize shareholder value. Since the businesses were largely unrelated, we developed a sales program to find and secure synergistic buyers for each business in order to maximize shareholder value.

OEM Capital worked closely with the management to isolate the performance of each business and the recasting of historical and budgetary financial data showing the performance of each business and tying the results to the company’s audited financial statements.

Our marketing program elicited several attractive offers. A select group of bidders were invited to meet with management and receive a detailed presentation of the business. As a result of our involvement, Spire Corporation was able to conclude an attractive transaction in a timely manner while realizing a premium all-cash price of approximately US$13 million.

Our success with Spire Corporation illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well executed sales approach by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

Mettalon Engineered Materials Corp.

Metallon Engineered Materials Corp., based in Pawtucket, Rhode Island is a manufacturer of custom engineered clad metal products, principally for the electronics interconnect and switching industry. Metallon has been a key supplier to the electronics industry for more than ten years.

Copperweld Corporation, based in Pittsburgh , Pennsylvania , is a specialty metals fabricator and a wholly owned subsidiary of Imetal SA of France .

OEM Capital was asked by Metallon Engineered Materials Corp.’s principal investors, the Aegis Venture Funds and Landmark Partners, Inc., to assist in securing a buyer and negotiating the transaction in order that the shareholders could liquidate their holdings. From time to time they had been approached by potential acquirers, including management. However, they now wished to maximize shareholder value and retained us to manage a private sale with competitive bidding and assist in the negotiations.

OEM Capital worked closely with management to prepare a selling memorandum while developing a marketing program aimed at soliciting interest from strategic acquirers, time being of the essence. Using our network of international affiliates, this program elicited several interested parties and a selected group met with management and received a detailed presentation of the business.

Our success with Metallon illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

Benmar Marine Electronics

Benmar Marine Electronics, Inc., a wholly owned subsidiary of Belgrave Industries, Inc., is based in Newport Beach , California . The company provides marine navigation and control products to the recreational and commercial boating industry.

Datamarine International, Inc., headquartered in Mountlake Terrace , Washington is a publicly traded company that manufactures marine and land radios and navigational instruments, such as depth sounders, knotmeters, water temperature gauges, and wind speed and direction indicators.

OEM Capital was asked to assist Belgrave Industries, Inc. in selling its Benmar Marine Electronics business. The timely closing of a transaction helped Belgrave Industries, Inc. in its plan of reorganization.

As a result of our involvement in properly presenting the company to the most appropriate audience and our management of the sale process, our client was able to realize a timely transaction.

Our success with Belgrave lndustries, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

Astrosystems, Inc.

Astrosystems, Inc., a publicly held company based in Lake Success, New York, is listed on NASDAQ. It supplies AC frequency sources, power converters, uninterruptible power supplies, motion sensors and control devices as well as power supplies to industrial and defense oriented customers.

OEM Capital was asked to assist Astrosystems, Inc. in selling all of its operating businesses prior to a contemplated shareholder distribution. Since each of our client’s three businesses addressed distinct markets, we developed a sales program to find synergistic buyers for each business in order to maximize shareholder value.

OEM Capital worked closely with management to prepare detailed historical and budgetary financial data showing the performance of each product line and tying the results to the company’s audited financial statements. Although the historical performance and fortunes of each business were very different, we knew offering them as product lines would make them attractive to the largest number of bidders.

Our presentations elicited several offers for each business, with a few of the bidders indicating interest in more than one. Since we wished to coordinate the sale of the three businesses so as to minimize the expense to Astrosystems, Inc., it was necessary to assess not only the attractiveness of each offer but the flexibility of each bidder. As a result of our program, our client was able to conclude the divestitures in a timely manner, realize a premium price over book value and allow a large number of its employees to be hired by the purchasers.

Our success with Astrosystems, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

Astrosystems

Astrosystems, Inc., a publicly held company based in Lake Success , New York , is listed on NASDAQ. It supplies AC frequency sources, power converters, uninterruptible power supplies, motion sensors and control devices as well as power supplies to industrial and defense oriented customers.

OEM Capital was asked to assist Astrosystems, Inc. in selling all of its operating businesses prior to a contemplated shareholder distribution. Since each of our client’s three businesses addressed distinct markets, we developed a sales program to find synergistic buyers for each business in order to maximize shareholder value.

OEM Capital worked closely with management to prepare detailed historical and budgetary financial data showing the performance of each product line and tying the results to the company’s audited financial statements. Although the historical performance and fortunes of each business were very different, we knew offering them as product lines would make them attractive to the largest number of bidders.

Our presentations elicited several offers for each business, with a few of the bidders indicating interest in more than one. Since we wished to coordinate the sale of the three businesses so as to minimize the expense to Astrosystems, Inc., it was necessary to assess not only the attractiveness of each offer but the flexibility of each bidder. As a result of our program, our client was able to conclude the divestitures in a timely manner, realize a premium price over book value and allow a large number of its employees to be hired by the purchasers.

Our success with Astrosystems, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.