Costa Mesa, Calif. - January 17, 2007 - Arrow Investments, Ltd., based in Greenwood Village, Colo., acquired Accutronics, Inc., a privately held business based in Littleton, Colo. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations, and acted as the exclusive financial advisor to Accutronics.
"The acquisition of Accutronics by Arrow Investments affords the company an opportunity to expand on its platform of precision machining companies in the Front Range area of the Colorado Rocky Mountains," said Brian Boyle, managing director of RSM EquiCo Capital Markets. "By combining Accutronics' workforce, capabilities and manufacturing capacity with an existing investment in a similar company in the area, Arrow will be able to realize significant synergies resulting in increased sales and profitability for both companies."
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets (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.
As specialists in facilitating mergers and acquisitions, providing access to capital markets and offering fairness opinions, RSM EquiCo Capital Markets plays an unusual role in the underserved "middle-market" field by providing advisory services on both the buy-side and sell-side. These services include facilitating the acquisition of North American companies and raising capital for a wide variety of purposes, ranging from acquisitions and leveraged buyouts to balance sheet restructuring.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
RSM EquiCo Capital Markets is a subsidiary of RSM EquiCo Inc., a financial services firm affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York, and London.
About Accutronics, Inc.
Accutronics is a leading precision-component manufacturer serving the medical and computer-related industries. The company delivers quality production and prototype components to its customers by utilizing state-of-the-art machine tools and computerized manufacturing plans. Capabilities include CNC machining, milling, turning, boring, drilling, deburring, grinding and construction of intricate mechanical assemblies. Its engineering staff assists customers with design for manufacturability support, enabling them to achieve cost reductions and reduced time to market. Accutronics has a very innovative engineering process that, when used in tandem with the most current computer technology, enables it to offer quality products while maintaining a cost advantage over its competitors.
About Arrow Investments, Ltd.
Arrow Investments provides business advisory and consulting services. The firm offers strategic planning, competitive analysis, due diligence, recruiting, and programs assessment and implementation services. Arrow Investments specializes in building businesses with thoughtful advice in formation, marketing, strategic investments and capital markets services.
CONTACT:
RSM EquiCo Inc.
Todd Cooley, Director of Communications
714.327.8865
tcooley@rsmequico.com