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…
When Terry Scott and his business partner wanted to sell their 28- year-old company, Albertville based Factory Connection LLC, they turned to Founders Investment Banking LLC. Within a few months, Founders brought several offers to the table – one for an all cash buyout and others that would allow company owners to retain a sizeable…
Shelby County has landed another tenant with expansion plans for its corporate park off Interstate 65 in Alabaster. Handoff Wireless will move its operations from Industrial Road in Alabaster to a 50,000-squarefoot building in Shelby West Corporate Park that the county sold for $1.7 million. The company refurbishes and recycles cellular telephones. Rayford Higginbotham, its…