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Brown Gibbons Lang Announces the Recapitalization of Hynes Industries

August 27, 2014, 07:08 AM
Filed Under: Industry News

Brown Gibbons Lang & Company (BGL) announced the recapitalization of Hynes Industries, Inc. and Hynes Kokomo, LLC ("Hynes") by Resilience Capital Partners. Members of the Bresnahan family will retain a minority ownership stake in the business.  The specific terms of the transaction were not disclosed.  BGL's Metals & Metals Processing Group advised Hynes.

Hynes is headquartered in Youngstown, OH and is a leading North American manufacturer of roll formed shapes, strip steel, and flat wire.  Hynes is a trusted partner to a diversified base of premier customers operating within the truck trailer, building and construction products, home and long-term care products, and a variety of other markets.

William J. Bresnahan, board member, commented, "We appreciate BGL's exceptional work on this transaction which represents a strong outcome for our family and employees.  We are committed to working alongside our new partners to take Hynes to the next level of excellence."

Scott Berlin, managing director of Brown Gibbons Lang, said, "Hynes is a high quality manufacturer with deep customer relationships, talented employees, and significant opportunities for continued growth.  We're honored to have had the opportunity to work with the company, the Bresnahan family, and Resilience Capital Partners on this transaction."

Headquartered in Cleveland, Ohio, Resilience Capital Partners invests in niche-oriented manufacturing, distribution, and business service companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement.  Resilience Capital targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company's operations, competitive positioning, and profitability.  Since its founding in 2001, Resilience Capital has invested in 39 companies under 22 platforms.  Resilience Capital manages in excess of $320 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers, and investment consultants. 

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Energy & Environmental Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Newport Beach, San Antonio, and Tampa, in addition to Global M&A partner offices in more than 50 countries across five continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally.

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