Industry
Industrials
Target Company
Lionheart Industries, Inc.
Buyer/Investor
Foundry Acquisition Group
Client Description:
Lionheart, headquartered in Salem, Ohio, is a premier manufacturer of specialized metal castings for a diverse range of industries. Lionheart filed for Chapter 11 Bankruptcy protection in April 2003 as a result of a variety of market and operational challenges coupled with significant financial leverage brought on by an aggressive acquisition strategy. BGL was hired by Lionheart in July 2003 to pursue a sale of the business.