BB&T Capital Markets Serves as the Exclusive Financial Advisor to Ramsey Industries, LLC in its Sale to Norwest Equity Partners
On November 6, 2017, Ramsey Industries, LLC (“Ramsey” or the “Company”), a portfolio company of AEA Private Debt Group and Gridiron Capital, LLC, was acquired by Norwest Equity Partners. BB&T Capital Markets served as the exclusive financial advisor to Ramsey.
About the Companies
Headquartered in Tulsa, Oklahoma, Ramsey is a market-leading provider of mobile equipment solutions. The Company engineers and manufactures a wide range of crane, gear & digger drive, and winch & hoist-related products through its three premium brands: Auto Crane®, Ramsey Winch®, and Eskridge®.
Gridiron Capital, LLC is a private equity firm focused on creating value by acquiring and building middle-market niche manufacturing, business services and specialty consumer companies in the United States and Canada. Gridiron Capital’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies.
AEA Private Debt Group invests in senior and mezzanine debt and makes equity co-investments in middle market companies across a wide range of industries and transactions. AEA Private Debt Group has invested more than $4.0 billion in over 200 companies since 2005.
Norwest Equity Partners is a leading middle market investment firm focused on partnering with business owners to build companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP has raised over $7 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP believes in long-term relationships and helping stakeholders realize liquidity at the appropriate time.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.