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| Client: |
Wolverine Tube, Inc. |
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| Acquirer: |
Standish Capital |
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| Situation: |
BGL was engaged by shareholders of Wolverine Tube to divest its Small Tube Products division ("STP"). |
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| Business: |
Headquartered in Altoona, Pennsylvania, STP is the leading North American producer of precision redrawn, small diameter, thin wall copper and specialty alloy tubes. The Company is capable of manufacturing tubes in 24 different alloys and over 900 unique shapes and offers customized processing capabilities that include drawing, shaping, cutting, fabricating, annealing, cleaning, and finishing. STP has established itself as one of the most respected and trusted manufacturers in the industry serving customers in a diverse set of attractive and growing end markets, including heavy construction equipment, heat transfer, electrical, welding, controls, and consumer products markets. |
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| Results: |
BGL commenced a broad auction that included financial sponsors and both international and domestic strategic acquirers. The Company was sold to Standish Capital.
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