COSTA MESA, Calif., Nov. 7, 2007 (PRIME NEWSWIRE) -- New Stream Capital has acquired the stock of Siemens Laserworks, Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Siemens Laserworks, Inc.
"The acquisition is a great fit for both companies. New Stream was able to provide capital to help Siemens maintain its growth strategy and help finance a new facility in British Columbia," said Bruce Manchester, senior managing director of RSM EquiCo Capital Markets. "On the other side, New Stream was eagerly looking to invest in a solid company and management team within Western Canada's booming economy. New Stream was very impressed and will continue working with Siemens' existing management team to ensure that this growth continues."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Bruce Manchester, senior managing director, David Burke, vice president and Adrian West, associate vice president, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the FINRA and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About Siemens Laserworks, Inc.
Founded in 1996, Siemens Laserworks is a specialist fabricator in laser cutting, braking, punching, machining, welding, alodine surface finishing and EMI gasket deposition services. The company's primary production focus has centered around Lean Manufacturing concepts, through the use of direct-flow manufacturing, just-in-time production, vendor-managed inventory, Kanban replenishment and sequenced kit production. SLI currently offers very significant inventory reduction (and elimination) programs to several major clients through a direct-to-line process. SLI is currently the largest high-quality precision fabricator in Saskatoon and one of the most respected companies in western Canada.
Siemens Laserworks, which is based in Saskatoon, Saskatchewan, primarily serves original equipment manufacturers (OEMs) of agricultural equipment, industrial equipment, computer and electronics and oil and gas machinery. The company maintains a client base of 262 accounts located throughout Alberta, Saskatchewan, Manitoba, British Columbia, Wisconsin, Pennsylvania, Indiana and Ohio. Revenues in 2007 are expected to top $40 million.
About New Stream Capital
New Stream Capital, based in Ridgefield, Connecticut, is a private investment firm focused on providing funding solutions for unique, complex and opportunistic transactions for a wide range of industries. These direct investments offer customized structured finance solutions for growth capital, working capital, acquisition, project finance, regulatory capital and other specialty finance opportunities. (www.newstreamcapital.com)