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"McColl Partners demonstrated consistent dedication and provided sound advice throughout a carefully orchestrated marketing process. McColl Partners’ expertise in the building products industry and strong transaction experience proved beneficial during a difficult market environment."
Matthew Kaufman
Senior Managing Director
GSC Group |
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"We are excited to have assisted GSC Group in the realization of its investment in Burke. As a complement to Mannington’s extensive product portfolio, Burke will further leverage its strong reputation in the resilient commercial flooring market to achieve accelerated growth."
Eric Andreozzi
Managing Director
McColl Partners, LLC |
Deal Summary
McColl Partners, LLC served as exclusive financial advisor to Burke Industries, Inc. (“Burke” or the “Company”), a portfolio company of GSC Group, in its sale to Mannington Mills, Inc. (“Mannington”). Mannington’s acquisition of Burke, a leading manufacturer of high-quality resilient materials, will broaden Mannington’s range of hard surface commercial flooring offerings. The McColl Partners team included Eric Andreozzi, Jamie Lewin, Justin Cunningham, and Brad Burton. About Burke Industries, Inc.
Burke Industries, Inc. is a leading manufacturer of high-quality resilient materials, which are primarily sold into commercial construction, aerospace, defense, and industrial markets across the United States as well as in select international regions. Founded as Burke Rubber in 1942, the Company has grown from a family business into a professional organization that includes several well regarded brand names and operates through three divisions: (i) Burke Flooring; (ii) Custom Process; and (iii) Environmental Products.
About GSC Group
GSC Group is a registered investment advisor with $22.0 billion of assets under management as of March 31, 2008, including leverage, warehoused assets, and uncalled capital commitments. Founded in 1999, the firm specializes in credit-based alternative investment strategies including corporate credit, equity and distressed debt investing, and structured mortgage products. GSC Group is privately owned with over 160 employees in its offices in New Jersey, New York, and London.
About Mannington Mills, Inc.
Mannington Mills, Inc. is a manufacturer of residential and commercial flooring products in the United States. Mannington offers hardwood, vinyl, porcelain ceramic tile, laminate, vinyl tile and plank, carpet, resilient, and composite flooring products. Founded in 1915 and based in Salem, New Jersey, Mannington has plants in Epes, Alabama; Calhoun, Georgia; Salem, New Jersey; and High Point, North Carolina.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction or our private equity coverage effort, please contact Jamie Lewin or Brian Davis at (704) 333-0525. For more information about our Industrials and Building Products experience, please contact Eric Andreozzi at (704) 333-0518. More information about McColl Partners can be found at http://www.mccollpartners.com/. |
