• Corporate Finance Transactions

BGL Announces the Recapitalization of Hynes Industries

August 25 2014

Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the recapitalization of Hynes Industries, Inc. and Hynes Kokomo, LLC (“Hynes”) by Resilience Capital Partners.  Members of the Bresnahan family will retain a minority ownership stake in the business.  The specific terms of the transaction were not disclosed.  BGL’s Metals & Metals Processing Group advised Hynes. 

Hynes is headquartered in Youngstown, Ohio and is a leading North American manufacturer of roll formed shapes, strip steel, and flat wire.  Hynes is a trusted partner to a diversified base of premier customers operating within the truck trailer, building and construction products, home and long-term care products, and a variety of other markets.

William J. Bresnahan, board member, commented, "We appreciate BGL’s exceptional work on this transaction which represents a strong outcome for our family and employees.  We are committed to working alongside our new partners to take Hynes to the next level of excellence."

Scott Berlin, managing director of Brown Gibbons Lang, said, “Hynes is a high quality manufacturer with deep customer relationships, talented employees, and significant opportunities for continued growth.  We’re honored to have had the opportunity to work with the company, the Bresnahan family, and Resilience Capital Partners on this transaction.”

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Energy & Environmental Services, Healthcare & Life Sciences, Human Resources Outsourcing, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland, and Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.

About Hynes Industries
Hynes Industries is a leading North American supplier and processor of roll formed shapes, strip steel, and flat wire.  Since 1925, Hynes has been recognized for its fierce commitment to quality, customer service, and on-time delivery.  Hynes’ unique metal working processes and technologies, supported by a vast inventory and expert engineering, offer an exceptional set of complementary and highly competitive products. Hynes continues to earn customer loyalty the old-fashioned way—by delivering no-nonsense reliability and real value. For more information on Hynes Industries, visit www.hynesindustries.com.

About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners invests in niche‐oriented manufacturing, distribution, and business service companies located in the Midwestern and Mid‐Atlantic United States with sustainable market positions and a clear path to cash flow improvement.  Resilience Capital targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company’s operations, competitive positioning, and profitability.  Since its founding in 2001, Resilience Capital has invested in 39 companies under 22 platforms.  Its portfolio companies today employ more than 5,000 people in 14 states and collectively represent over $2 billion in revenues.  Resilience Capital manages in excess of $320 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers, and investment consultants.  For more information, please visit www.resiliencecapital.com. 

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