Mesirow Financial Advises Magnus LLC on its Sale to A. Stucki Company
CHICAGO, January 16, 2018 - Mesirow Financial acted as the exclusive financial advisor to Magnus LLC (“Magnus” or the “Company”), a wholly owned subsidiary of LV Ventures, Inc., on its sale to A. Stucki Company (“A. Stucki”), a portfolio company of Stone Canyon Industries.
Headquartered in Fremont, NE, Magnus is the leading global producer of bronze locomotive traction motor support bearings. The Company is the supplier to all North American Class I railroads and major service repair shops. Magnus’ bearings are also used by regional and commuter railroads, international railroads and globally recognized OEMs.
John Macklin, president of Magnus, commented on the transaction, “Mesirow Financial was instrumental in conducting an effective and competitive transaction process that ultimately paired Magnus with an ideal strategic partner.”
Bill Farley, owner of Magnus, said, “Mesirow Financial’s expertise was pivotal in bringing this combination to fruition.”
Jeff Golman, vice chairman of Mesirow Financial, commented, “We were honored to represent the owner of Magnus in this process. We believe that this strategic combination will enable Magnus to continue delivering exceptional service and quality products to its customers.”
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s dedicated industrials team has a proven track record of completing highly complex and successful transactions.
About Magnus LLC
Magnus has been an innovator and an industry leader in the development and introduction of bearing technology since 1885, providing high-leaded bronze bearings to the world’s railroads. As a specialist in centrifugal casting, which provides superior grain structure to the bearing bronze, Magnus is recognized as the global premier supplier of solid bearings. To learn more, please visit magnus-bearings.com.
About A. Stucki Company
A. Stucki is a privately held company comprised of 17 global locations that are focused on the engineering, reconditioning, machining and manufacturing of railcar industrial parts. Since its founding, A. Stucki has led the industry in the development and application of railcar dynamic control products. Today, the company has a formidable presence in the U.S. and worldwide. To learn more, please visit stucki.com.
About Stone Canyon Industries, LLC
Stone Canyon Industries, LLC is a global industrial holding company based in Los Angeles, CA. The company focuses on acquiring market-leading companies with strong management teams in highly defensible industries around the world. To learn more, please visit stonecanyonllc.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit mesirow.com.
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Magnus LLC, LV Ventures, Inc., A. Stucki Company, Stone Canyon Industries or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.