SSG Capital Advisors acted as the investment banker to DFW Grating in the sale of substantially all of its assets to a subsidiary of Powerbrace. The transaction closed in May 2018.
Founded in 2003, DFW is a manufacturer and fabricator of bar, diamond and round hole safety grating products, primarily for rail and industrial applications. It aggressively invested in expanding its capabilities and capacity and today occupies 113,000 square feet of manufacturing space in Dallas.
DFW retained SSG as its exclusive investment banker to explore strategic alternatives including a refinancing of the existing indebtedness to fund future initiatives or a sale of the business. SSG conducted a comprehensive marketing process and contacted potential lenders, investors and strategic acquirers to achieve an optimal outcome for the company and its stakeholders. Ultimately, a sale of the company’s assets to Powerbrace was determined to be the best alternative.
Powerbrace is a wholly-owned subsidiary of Miner Enterprises, a supplier to the railroad industry since 1894, with world headquarters in Geneva, IL. Powerbrace manufactures light, medium and heavy-duty door securement products for cargo that is shipped by trailer or container.
