Daily News: May 10, 2012

Corporate Finance Associates Advises in DeWayne’s Recap


Corporate Finance Associates (CFA) announced it advised in the management recapitalization of DeWayne’s Quality Metal Coatings by Acuity Capital Partners. Acuity Capital Partners and Tenth Street Capital provided the recapitalization financing.

On May 1, 2012, Acuity Capital Partners and Tenth Street Capital recapitalized DeWayne’s Quality Metal Coatings in a private transaction. The terms were not disclosed. Greg McKinley of CFA advised in the transaction.

Established in Lexington, TN in 1990, DeWayne’s specializes in providing environmentally sound and cost-effective metal finishing solutions to OEMs in a wide variety of industries such as agricultural equipment, automotive, fasteners, heavy truck, industrial, and lawn and garden equipment. DeWayne’s prides itself on providing creative problem solving and the highest level of customer service possible for its clients. The company employs approximately 110 full-time employees.

Having remained a strong and viable business throughout the recession, DeWayne’s management determined that in order to take advantage of available growth opportunities, they would need a partner that would increase the company’s financial, managerial and corporate development capabilities. After careful consideration, DeWayne’s selected Acuity Capital Partners as the partner best suited to further their growth agenda.

“It has been a pleasure working with Jim Terry and his management team. Founded on the old-fashioned values of hard work and integrity, they’ve built an exceptional business, in which customers and employees are treated as partners,” said Greg McKinley, managing director of Corporate Finance Associates in Nashville.

Corporate Finance Associates is a major investment banking services firm, providing middle-market companies with a wide range of financial advisory services in support of mergers, acquisitions, divestitures, capital sourcing, and corporate restructuring.