LMW2 Partners has recapped Kopetz Mfg. Financial terms weren’t announced. Decatur, Ill.-based Kopetz is a metal fabricator of large pressure vessels and heat exchangers to the process industries and energy sectors. Sikich Investment Banking provided financial advice to Kopetz owners.
Sikich Investment Banking (“Sikich”) has announced its most recent transaction: the recapitalization of Kopetz Mfg., Inc. (“Kopetz” or the “Company”) by private equity firm, LMW2 Partners, LLC. Sikich served as the exclusive financial advisor to the owners of Kopetz.
Kopetz, founded in 1976 with roots going back more than 60 years, is based in Decatur, Illinois. Kopetz is a leading metal fabricator of large pressure vessels and heat exchangers to the worldwide process industries and energy sectors. The Company has grown rapidly in recent years, nearly doubling its workforce from early in 2010. Much of this success is due to its expansion in the burgeoning Liquefied Natural Gas (“LNG”) industry. Kopetz produces custom, proprietary, LNG vaporizers for both land-based and ship-borne applications used around the world including Asia, the Middle East and South America.
Having successfully led the Company through the recession, Jim Grady, Kopetz’s owner, was looking for an investment partner to assist in taking Kopetz to the next level. Grady engaged the services of Chicago-based Sikich Investment Banking to guide him in this process. The Sikich team, led by Partner-in-Charge, Christopher Geier, and Managing Director, Bob Stutz, was able to develop numerous attractive proposals for Kopetz. Sikich, with a long history of working with private companies, quickly saw the value in Kopetz. “Kopetz is a global leader in the LNG space. With significant growth opportunities across multiple industries, LMW2 is an ideal capital partner with capacity to support that growth,” commented Geier.
“In addition to capital, we were seeking a partner that could provide strategic advice, industry connections and international expertise. Sikich helped us to tell the story of Kopetz in a compelling way, and they were able to bring us several investors interested in the Company,” said Jim Grady. “Their industry knowledge and operational experience were integral, and those strengths are not common in a financial advisor. In the end, Sikich found the right investment partner in LMW2 to help us realize the full potential of Kopetz.”
Terms of the transaction were not disclosed.
About Sikich Investment Banking Based in Chicago, Sikich Investment Banking is part of Sikich LLP, a highly integrated, multidisciplinary professional services firm with more than 400 employees working out of eight offices located in Illinois, Indiana, Missouri and Colorado. Sikich Investment Banking is the Firm’s corporate finance and advisory practice, and through its wholly-owned subsidiary, Sikich Corporate Finance LLC, a registered broker-dealer and member of FINRA/SIPC, it provides capital raising, mergers and acquisitions, and strategic advisory services tailored to middle market clients in the U.S. and abroad. The Firm’s investment banking partners are known for their expertise in negotiating complicated issues and structures, and navigating through the complexities inherent in industries such as technology, life sciences, manufacturing, and others. Their strategic advisory acumen enables them to effectively guide client companies through the process of defining and honing their value proposition, understanding the competitive landscape and where they fit, and ultimately realizing maximum investment returns. Visit the Sikich Investment Banking page at http://www.sikich.com/IB for more information.
Securities are offered through Sikich Corporate Finance LLC, a registered broker dealer with the Securities Exchange Commission and a member of FINRA/SIPC.
About Kopetz Mfg., Inc. Kopetz Mfg., Inc. fabricates custom ASME pressure vessels and TEMA heat exchangers. The Company specializes in chemical processing equipment, shell & tube heat exchangers and LNG vaporizers, offering its clients 60 years of precision fabrication experience, advanced engineering skills, outstanding quality and specialized high-tech equipment. Founded in 1976, Kopetz’s facility is located in Decatur, Illinois, and the Company’s fabrications have been shipped all over the world to countries such as China, Brazil, Japan, Turkey, Germany, Indonesia, Taiwan, India, Columbia and Korea.
About LMW2 Partners, LLC LMW2 Partners, LLC is a New Jersey-based private equity firm founded by individuals with diverse investment backgrounds and expertise. Across the group, LMW2 has successfully made investments in the middle market industrial, healthcare, real estate and professional sports sectors in the US and abroad. Through their experience and associations, LMW2 has proven to be a valuable partner for the growing companies in which they have invested.