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Investments: Current Investments: Dearborn Mid-West Conveyor Co.
DMW Mid-West Conveyor Co. |  Investment Date: NOV 2007  |  Investment Type: Buyout

Business Description:
Dearborn Mid-West Conveyor Company ("DMW") is a leading engineering, procurement and construction company that provides custom engineered, turn-key material handling solutions. The company has a long and distinguished track record of over 60 years and serves a blue-chip customer base in diversified end-markets, including the power generation, automotive, general industrial and postal industries. DMW’s solutions primarily include complex, highly engineered conveyor systems, and the breadth of DMW’s capabilities in addressing these product needs is unparalleled in the industry.

Falcon Solution:
In November 2007, Falcon, working closely with a non-traditional private equity group, helped to finance the acquisition of DMW. The transaction involved significant due diligence complexities including understanding financial results that utilized cost-of-completion accounting, a business that was somewhat tied to the ailing automotive industry, understanding and planning for the company to be carved-out from a large parent entity and the company’s significant surety bonding requirements.

 

 

Industry:
Material handling
Sponsor:
Non-traditional private equity group
Securities:
Senior subordinated notes and preferred stock with warrants
Financing Challenge:
Carve out from parent company
Exit Date:
Current investment
Company Website:
http://www.dmwcc.com/