The Principals of Founders Investment Banking, LLC acted as lead financial advisor in a sponsored majority recapitalization of Spartan Energy Services, LLC – which includes subsidiaries Spartan Thru Tubing, LLC and Spartan Flow Control, LLC. The recapitalization was sponsored by Harren Equity Partners who was supported by the debt provider Prospect Capital Partners.
BIRMINGHAM, Ala. (April 16, 2015) — Founders Investment Banking, LLC today announced that Mike McCraw has joined its firm as managing director of the newly formed Founders Strategic Advisory Practice. After a decade of advising business owners with transactions, Founders has developed vast knowledge and expertise on what makes a company sellable and how a…
By Madison Davis, Senior Analyst Customer concentration is a notorious deal killer, yet many business owners fail to address this issue prior to pursuing a recapitalization or exit. After all, from an owner’s perspective, landing one household name as a client could be exactly what an up-and-coming company needs to build its credibility in the…
By J. Wesley Legg, COO There has been recent speculation that Apple is looking to get into the automotive industry. Exhibit number one for the speculators is the fact that Apple has been on a hiring spree for auto industry talent. In fact, Apple’s poached so many car battery engineers from A123 Systems, that A123…
BIRMINGHAM, Ala. (April 2, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Timco Services, Inc. (Timco), a leading provider of tubular running services and rental equipment, to Frank’s International N.V. – NYSE: FI (Frank’s). Timco and Frank’s entered into a definitive purchase agreement on March 12, 2015 and the transaction…
By: Duane P. Donner II, Managing Partner M&A in the U.S. reached pre-recession levels last year and continue to build momentum on the back of a lot of dry powder (buyers with cash) and very favorable financing. Right now, it’s a seller’s market for most industries and sectors. Last year, Founders advised on seven transactions,…