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Recent Transactions

  

  Autocraft Interiors Co., Inc. - October 13, 2010, a Brynavon portfolio company, LeBaron-Bonney Company, Inc. (“LeBaron”), acquired certain assets and assumed certain liabilities of Autocraft Interiors Co., Inc. (“Autocraft”). Autocraft is engaged in the manufacture and distribution of automobile seat covers, panels, carpets, seat frames, head liners and various other interior parts for the restoration and customization purposes. LeBaron moved the acquired operations into its facility in Amesbury, MA. This was a complementary acquisition for LeBaron Bonney which expanded LeBaron's product offering as well as broadened its manufacturing/sourcing capabilities. Web site:   http://www.lebaronbonney.com 
     

  GE Industrial of PR LLC- March 1, 2010, a Brynavon portfolio company, Flight Systems Industrial Products Company (“FSIP”), acquired certain assets and certain equity interests from a division of General Electric. Together these acquisitions comprised a majority of GE’s Motion Systems division which manufactured, distributed and serviced electric vehicle controls primarily for the global electric forklift market. The GE division was located in Patillas, Puerto Rico and FSIP moved the acquired operations into its facility in Carlisle, PA. Web site:   http://www.fsip.biz 
     

  Pacific Sheet Metal, Inc. - August 13, 2009, A newly formed affiliate of Brynavon, PSM Acquisition Corporation, acquired 60% of Pacific Sheet Metal, Inc. ("PSM").  The Company is located in Carbondale, CO with an additional location in Aspen, Co.  Pacific Sheet Metal manufactures metal roofs, gutters and HVAC ductwork as well as installs gutters, back-up generators, HVAC systems (Premier Lennox dealer) and various roofing systems. Consistent with Brynavon's philosophy of management significantly participating in ownership, Pacific Sheet Metal's management team owns 40% of the new entity.  Web site:  http://www.pacificsheetmetal.net 
     

  A.B.C. Auto Cover Co. - August 22, 2006, LeBaron Bonney Company, Inc., a subsidiary of Brynavon, acquired substantially all of the assets of A.B.C. Auto Cover Co. ("A.B.C.").  A.B.C. manufactured and distributed interior fabric and component kits associated with the restoration market for antique Ford automobiles manufactured and/or sold between the years 1928 and 1962.  This was a complementary acquisition for LeBaron Bonney which expanded LeBaron's product offering as well as broadened its manufacturing/sourcing capabilities.Web site: http://www.lebaronbonney.com
     

  Ramsey Electronics, Inc. - April 28, 2006, After six years of ownership, Brynavon sold the assets of Ramsey Electronics to its management team.  This transaction also reflects Brynavon’s philosophy that the best owner of a small company is its management team. Ramsey Electronics manufactures and distributes electronic products and kits such as AM & FM Transmitters, Hobby Kits, Video Cameras, Time & Weather Products, Amateur Radio Gear, Mini-Kits. Web site: http://www.ramseyelectronics.com 

 
     

  The Macton Corporation - March 17, 2006, The Brynavon Group sold its majority interest in The Macton Corporation to Peter McGonagle of McGonagle Holdings. The transaction included a continuing commitment with the existing management team, and preserved some of their minority interest in Macton. Brynavon originally purchased Macton on April 17, 1989. Brynavon’s original equity commitment was $500,000 which eventually was sold for a valuation of $5,000,000. The invested yielded a multiple of ten times the original investment and an IRR of slightly less than 20%. Web site: http://www.macton.com 

 
   

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