InSight

Exit and Growth Strategies for Middle Market Businesses

CFA Advises DeWayne’s Quality Metal Coatings

By Kim Levin | May 15, 2012

CFA Advises DeWayne’s Quality Metal CoatingsCorporate Finance Associates (CFA), an international middle-market investment banking services firm providing merger and acquisition, business valuation, capital resources, and financial advisory services, announced it advised in the management recapitalization of DeWayne’s Quality Metal Coatings by Acuity Capital Partners.  Recapitalization financing was provided by Acuity Capital Partners and Tenth Street Capital.

Established in Lexington, Tennessee in 1990, DeWayne’s specializes in providing environmentally sound and cost-effective metal finishing solutions to OEMs in a wide variety of industries such as agricultural equipment, automotive, fasteners, heavy truck, industrial, and lawn and garden equipment.  DeWayne’s prides itself on providing creative problem solving and the highest level of customer service possible for its clients.  The company employs approximately 110 full time employees.

Having remained a strong and viable business throughout the recession, DeWayne’s management determined that in order to take advantage of available growth opportunities, they would need a partner that would increase the company’s financial, managerial and corporate development capabilities.  After careful consideration, DeWayne’s selected Acuity Capital Partners as the partner best suited to further their growth agenda.

“It has been a pleasure working with Jim Terry and his management team.  Founded on the old-fashioned values of hard work and integrity, they’ve built an exceptional business, in which customers and employees are treated as partners,” said Greg McKinley, Managing Director of Corporate Finance Associates in Nashville. 

Transaction Information

On May 1, 2012, Acuity Capital Partners and Tenth Street Capital recapitalized DeWayne’s Quality Metal Coatings in a private transaction. The terms were not disclosed. Greg McKinley of CFA advised in the transaction.

About Corporate Finance Associates

Corporate Finance Associates is a major investment banking services firm, providing middle-market companies with a wide range of financial advisory services in support of mergers, acquisitions, divestitures, capital sourcing, and corporate restructuring. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA’s experience and extensive resources. CFA has over 20 offices in United States, three in Canada, three in India and 16 partner offices in Brazil, China and throughout Europe. More information is available via the internet at www.cfaw.com

About Acuity Capital Partners

Based in Chicago, Illinois, Acuity Capital Partners is a middle-market private equity firm that invests in growth-oriented low to mid-technology manufacturing, value-added distribution and select services companies.

About Tenth Street Capital

With offices in Chattanooga and Nashville, Tennessee, Tenth Street Capital provides capital to lower middle-market companies in the form of subordinated debt and equity for later-stage growth, acquisitions, management buyouts and recapitalizations. The firm focuses on investing in lower middle-market companies, in a broad range of industries across the United States.


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