Daily News: July 15, 2014

Dresner Advises Guardian on Altra Sale

Dresner Partners announced it advised Guardian Industries in its sale to Altra Industrial Motion.

“This acquisition not only provides Altra with highly complementary products, but also enables Guardian to leverage Altra’s worldwide distribution network to penetrate additional geographic markets,” said Paul Hoffman, director at Dresner Partners. “The combination is expected to accelerate Guardian’s strong growth trajectory.”

Steve Dresner, president of Dresner Partners, added, “It was a privilege to represent Guardian in this synergistic transaction. Guardian has a strong reputation in the industrial couplings industry and we believe that this acquisition will significantly strengthen Altra’s market position in this space.”

Michigan, IN-based Guardian is a supplier of flywheel, motion control and general industrial couplings. Altra is a global manufacturer and marketer of electromechanical power transmission and motion control products.