Case Studies

Transactions


CASE STUDIES

Plastic Sales and Manufacturing
In 2007, Mr. William Popplewell Jr., the owner and president of Plastic Sales and Manufacturing, a privately held family owned business for over 40 years, was considering retirement. Mr. Popplewell, had been approached by potential acquirers throughout the years, including competitors and financial firms. He had spoken with one specific company several times about a possible acquisition, however the two never came to an agreement. full text

Haldex
In 2006, Haldex, a Swedish-based provider of proprietary and innovative solutions to the global vehicle industry with a focus on products in vehicles that enhance safety, environment and vehicle dynamics, wanted to concentrate its resources on its core business, Commercial Vehicle Systems. In evaluating its North American commercial vehicle operation, the board of directors determined the need to reduce the number of its North American manufacturing plants to streamline operations and identified the Paris, Tenn., facility for sale or closure. full text

Stuppy Floral Products Company
In 2006, Stuppy Floral Products Company, a 133-year-old North Kansas City, Mo.-based wholesale distributor, wanted to redeploy its resources in other areas including its international greenhouse manufacturing business. full text

National Beef Packing Company, LLC
In 2006, Kansas City-based National Beef Packing Co., LLC (National Beef) and its majority owner, U.S. Premium Beef, LLC (USPB), had an opportunity to acquire a beef processing plant owned by Brawley Beef, LLC, a California-based alliance of beef producers located throughout Arizona and California. full text

Tri-County Electric Cooperative
In an effort to promote long-term rate stability, increase efficiency, and expand its presence in the community, Tri-County Electric Cooperative of Hooker, Okla., sought to acquire neighboring service territory from an investor-owned utility. Although the cooperative's service territory included the majority of the Oklahoma Panhandle, Minneapolis-based Xcel Energy served most of the densely populated towns in the region. full text

C&T Enterprises
In 2003, C&T Enterprises, a wholly owned subsidiary of Claverack Rural Electric Cooperative, based in Wysox, Pa., and Tri-County Rural Electric Cooperative, with headquarters in Mansfield, Pa., acquired Tioga Energy and Tioga Propane, located in Lewisburg, Pa., as part of its long-term plan to diversify its portfolio and grow its businesses. full text

Mauna Lani STP, Inc.
In 2004, Mauna Lani STP, Inc. approached Christenberry Collet, a Kansas City-based investment banking firm that specializes in mergers and acquisitions, corporate fund-raising, and financial and strategic planning for corporate clients throughout the U.S. and abroad, to serve as its advisor to negotiate the sale of its wastewater system. Located on the Big Island of Hawai`i, Mauna Lani STP provided wastewater services to the Mauna Lani Bay Hotel and Bungalows, the Francis H. L`i golf courses, as well as another large resort, and all of the surrounding residential communities. Tokyu Corporation, an international conglomerate and publicly traded Japanese company owned Mauna Lani STP. full text

Haldex Group
Haldex Group, a provider of proprietary solutions to the global vehicle industry, headquartered in Stockholm, Sweden, wished to acquire two business units from The Holland Group, Inc., headquartered in Grand Rapids, Mich. The business units included a valve plant in Michigan and a spring brake plant in Monterrey, Mexico. full text

Kaua`i Electric
A committed group of community leaders in Kaua`i, Hawai`i, wanted to buy their electric company, Kaua`i Electric, and establish a cooperative utility. Their first attempt in 2000, without a strong group of transaction advisers, faced stiff opposition and was rejected by the Hawai`i Public Utilities Commission. full text

Kansas City Area Life Sciences Institute, Inc.
In 1999, Kansas City business leaders targeted the life sciences as a future growth opportunity for the community. They created the Kansas City Area Life Sciences Institute, Inc., to establish the region as a leader in life sciences research. Christenberry Collet was engaged to draft a formal business plan for the institute. full text

Pengo Corporation
The majority owner of Pengo Corporation, a Laurens, Iowa-based manufacturer, wanted to sell the company. Christenberry Collet was engaged to manage the transaction process, including identification of potential buyers, preparation of informational materials, and negotiation to a quick closing while maximizing value to the shareholders. full text