CLEVELAND, May 24, 2014 – The investment bank of Vetus Partners announced that its client, Melexa S.A. and its affiliates (collectively, "Melexa"), have been acquired by Sonepar. Melexa is the largest distributor of electrical and datacom supplies in Colombia with annual sales exceeding €80 million. The Company covers the country with its eight branches, and also has a presence in Panama. As a Rockwell distributor, Melexa supplies industrial customers, resellers, and installers with cable, industrial automation, and datacom products and solutions. Vetus Partners served as exclusive financial advisor to Melexa. Terms of the transaction were not disclosed.
CLEVELAND, October 31, 2013 –The investment bank of Vetus Partners announced that its client, Leff Electric, has been acquired by AMP Electrical Distribution Services, Inc. (“AEDSI”), headed by Richard Worthy. The H. Leff Electric Company, Inc. and affiliates, Leff/Akron Electric, LLC and Leff/Warren Electric, Inc., and Leff Wire and Cable, LLC (collectively, “Leff Electric”) is a leading independent, value-added distributor of electrical supplies and hardware, headquartered in Cleveland, Ohio. Vetus Partners served as exclusive financial advisor to Leff Electric for the transaction. Terms of the transaction were not disclosed.
CLEVELAND, July 9, 2013 – The investment bank of Vetus Partners is pleased to announce that it served as due diligence advisor to Charlesbank Capital Partners in its investment in Trojan Battery Company, the world's largest manufacturer of deep-cycle lead acid batteries in its target markets.
In this important transaction, the Charlesbank team drew on Vetus Managing Director, Jay Greyson’s deep knowledge of the energy storage solutions industry to lay the groundwork for a successful outcome.
CLEVELAND, December 28, 2012 – The investment bank of Vetus Partners announced that its client, Summers Rubber Company (“Summers”), has been acquired by Singer Equities, Inc. (“Singer”), a wholly owned subsidiary of SBP Holding LP and portfolio company of private equity firm AEA Investors. Summers provides wire rope and rigging products and industrial rubber products through 40 locations to a variety of industrial end-markets. Vetus Partners served as exclusive financial advisor to Summers Rubber Company for the transaction. Terms of the transaction were not disclosed.
CLEVELAND, January 18, 2010 – Vetus Partners LLC, a leading investment bank specializing in domestic and cross-border mergers, acquisitions and corporate divestitures of middle market businesses, announced today that The M&A Advisor awarded Vetus Partners an unprecedented six M&A Awards at its 8th Annual M&A Awards Gala:
• Boutique Investment Banking Firm of the Year
• Cross-Border Deal of the Year
• Lower Middle Market Deal of the Year
• Media, Entertainment or Telecom Deal of the Year
• Dealmaker of the Year
• Industrial Distribution / Manufacturing Deal of the Year
CLEVELAND, October 14, 2009 – Vetus Partners LLC announced today that The M&A Advisor has awarded Vetus Partners a Global M&A Award for Industrial Manufacturing / Distribution Deal of the Year in Europe.
"In a challenging deal environment, where financing has been tight or non-existent, all of the nominees have demonstrated that they are among the best, brightest, and most significant trendsetting dealmakers today," said Roger Aguinaldo, founder and chief executive of The M&A Advisor.
Vetus Partners Advises on its Second Public Company
Divestiture in 2009
CLEVELAND, March 12, 2009 – The investment bank of Vetus Partners is pleased to announce that its publicly-traded client, Embarq Corporation ("EMBARQ") [NYSE:EQ], has divested its wholly-owned EMBARQ Logistics subsidiary ("EMBARQ Logistics") to KGP Telecommunications, Inc. ("KGP"). Vetus Partners served as exclusive financial advisor to Embarq for the transaction.
Vetus Partners Advises Leading Materials Science Company in a Corporate Carve-out Divestiture to Global Specialty Chemicals Co.
CLEVELAND, January 5, 2009 – The investment bank of Vetus Partners announced today that its U.K.-based, publicly-traded client, Cookson Group plc ("Cookson") [LSE:CKSN], has sold its Hi-Tech Ceramics filters business ("Hi-Tech") to Süd-Chemie AG. Details of the transaction were not disclosed. Vetus Partners served as financial advisor to Cookson for the transaction.
Vetus Partners Advises North America's Leading Distributor of Consumer Electronics Accessories in its Sale to the World's Largest Technology Distributor
CLEVELAND, June 13, 2007 – The investment bank of Vetus Partners announced today that its client, DBL Distributing, Inc. ("DBL"), signed a definitive agreement to be acquired by Ingram Micro, Inc. [NYSE:IM], the world's largest technology distributor and ranked No. 70 on the 2007 Fortune 500® list of companies. DBL is one of the nation's largest wholesale distributors of consumer electronics accessories, generating more than $300 million in annual revenues.
CLEVELAND, June 7, 2007 – The investment bank of Vetus Partners announced today the successful recapitalization of its client, Lewis-Goetz and Company, Inc. Lewis-Goetz is a leading independent value-added distributor of industrial rubber products, including industrial, hydraulic, and metal hose; conveyor belts; gaskets and seals; and related accessories. The recapitalization was led by Audax Group, a private equity fund managed by Boston-based Audax Group.
Vetus Principals Advise Roden Electric's Shareholders in Sale to Kendall Electric
CLEVELAND, July 20, 2007 – The investment bank of Vetus Partners announced today the sale of Roden Electric, one of the largest independent distributors of electrical products in the South Central U.S to Kendall Electric, a full line electrical distributor that serves the Michigan and northern Indiana markets.