Wheaton Laboratories
We are pleased to announce that Brookwood Associates advised Wheaton Industries Inc., a portfolio company of River Associates Investments, LLC and PNC Mezzanine Capital, on the sale of the Company to PNC Equity Partners. River Associates and PNC Mezzanine teamed with existing management in 2006 to carve-out Wheaton from its corporate owner, Alcan, Inc. Having built the infrastructure for a fully independent company and designed and executed growth initiatives, the shareholders retained Brookwood to advise the company regarding the timing and scope of a marketing process. This process highlighted the Company’s critical market position, 120-year-old brand name, management and systems strength, and scarcity value as an acquisition platform in a highly fragmented industry.
The transaction yielded an attractive outcome for the shareholders and management, including a new sponsor partner interested in driving further industry consolidation. This transaction extends Brookwood’s track record in the scientific products sector and represents the second time Brookwood has represented both River Associates and PNC Mezzanine Capital in portfolio company exits.
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"Brookwood conducted a very professional process that led to a successful outcome for all parties. They were particularly effective at explaining to the market the complexities of Wheaton’s business and industry. We also appreciate that Brookwood truly has provided senior-level attention to our assignments."
Patten Pettway Partner, River Associates Investments, LLC
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