Lincoln International represents Cameron Holdings Corporation in the sale of Henderson Enterprises Group, Inc. to Douglas Dynamics, Inc.
CHICAGO, Feb. 13, 2015 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Clayton, Missouri-based Cameron Holdings Corporation ("Cameron") has sold Henderson Enterprises Group, Inc. ("Henderson" or the "Company") to Douglas Dynamics, Inc. ("Douglas"), for approximately $95 million in cash, subject to post-closing adjustments. The transaction closed on December 31, 2014.
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Henderson is the leading North American manufacturer of customized, turnkey snow and ice control equipment solutions for heavy duty trucks focused on State Departments of Transportation (DOTs), counties and municipalities. Henderson's expansive product portfolio includes ice-control equipment, snow plows, dump bodies, muni-bodies and replacement parts. Henderson is headquartered in Manchester, Iowa, which includes a 170,000 square foot manufacturing facility where most of its 350+ employees are based. The Company also maintains five truck equipment upfit facilities located in New York, Iowa, Ohio, New Jersey and Illinois, which provide turnkey assembly and delivery of heavy duty trucks to customers. Don Metzger, Senior Vice President of Cameron, commented, "We are extremely pleased with the outcome. Lincoln provided us with advice and counsel tailored to our specific needs and objectives. Their hands-on approach, disciplined execution and process insights led to a positive outcome for the Company, its employees and shareholders."
Additional information regarding Henderson is available at www.hendersonproducts.com.
Lincoln International acted as the exclusive financial advisor to Cameron and Henderson, working closely with the management team and shareholders throughout the sale process. Additional information regarding Cameron can be found at www.cameron-holdings.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
[email protected]
(312) 506-1950
SOURCE Lincoln International
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