Transaction Summary

McColl Partners, LLC advised Merit Capital Partners (“Merit”) in connection with the recapitalization of its portfolio company, Peerless Industrial Group, Inc. (“Peerless” or “the Company”), by WestView Capital Partners (“WestView”), in partnership with existing management.

Drawing on our industry experience and knowledge of prevailing capital markets trends, McColl Partners rendered a fairness opinion and the recapitalization transaction closed in early April 2010.

About Peerless Industrial Group, Inc.

Peerless is the largest manufacturer of chains, fittings, wire forms, tire chains, wire rope, and cordage in the United States, serving a broad array of customers in various distinct end markets, including retailers and distributors of automotive, farm, hardware, and home center products; industrial and specialty distributors; and original equipment manufacturers. Founded in 1917, Peerless is recognized as a national leader in the chain and fitting industry with a reputation for excellence in product quality, innovation, and service. The Company has established a wide geographic footprint, with seven manufacturing and distribution centers throughout the United States. Peerless is comprised of Peerless Chain Company, ACCO Chain Company, Jeannette Custom Lifting Devices, and Weissenfels USA.

About Merit Capital Partners

Merit Capital Partners, headquartered in Chicago, Illinois, is a private equity firm specializing in mezzanine and equity investments in middle-market companies. With over $1 billion of capital, Merit partners with owners and managers of leading middle market companies primarily in the manufacturing, distribution, and service industries. 

About WestView Capital Partners

WestView Capital Partners, headquartered in Boston, Massachusetts, is a private equity firm focused exclusively on lower middle-market companies. WestView partners with existing management teams to sponsor majority and minority recapitalizations, buyout, growth, acquisitions, and consolidation transactions. With approximately $500 million of capital under management, WestView focuses on investments in the business services, industrial and manufacturing, software and information technology, technology enabled companies, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media and publishing industries. 

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 entrepreneurs, family-owned businesses, private equity groups, 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.