Founders Investment Banking, LLC is pleased to announce that Richard E. Simmons, III has joined the firm’s Board of Advisors. “It is quite an honor to have Richard join our Board of Advisors. The combination of his strong business acumen and his demonstrated leadership in establishing and directing an organization that impacts the personal development…
Jemison Investment Company has successfully completed the divestiture of its investment stake in Tarrant Hydraulic Service, Inc. The existing management team will assume full ownership of the company. Headquartered in Tarrant, Alabama with additional operations in Mobile, Tarrant Hydraulic specializes in the custom manufacturing, modification, repair and maintenance of hydraulic/pneumatic cylinders, pumps, valves, air tools…
Founders Investment Banking, LLC is pleased to announce that American Firewear, Inc. has been acquired by Morning Pride Manufacturing, Inc., a division of Norcross Safety Products, L.L.C. Headquartered in Ohatchee, Alabama, American Firewear is a specialty manufacturer and valueadded reseller of high-quality, cost-efficient and innovative personal protective clothing and accessories designed for a variety of…
Founders Investment Banking, LLC is pleased to announce that the sale and leaseback of the corporate headquarters and manufacturing operations of Ward’s Cabinetry, LLC has been completed. The approximately 76,000 square foot facility, located in Clanton, AL, was purchased for approximately $1.4 million by the Foundation Sale Leaseback Fund I. Following the recent recapitalization of…
Founders Investment Banking, LLC is pleased to announce that Chandler/May, Inc. (“CMI”) has completed a recapitalization by Washington, D.C.-based Arlington Capital Partners, a private equity firm with over $800 million of committed capital and a focus on the aerospace/defense sector. Headquartered in Huntsville, Alabama, CMI is a systems integrator that specializes in the design, development…
Founders Investment Banking, LLC is pleased to announce that American Rotor Corporation (“ARC”) has received a $1.6 million CAPCO investment from Stonehenge Capital Company, LLC. The financing allows ARC to take advantage of imminent growth initiatives while also providing working capital to better participate in large specialty projects within its niche electric motor remanufacturing and…