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Well this makes me feel REAL secure about my job!

Discussion in 'Pacific Region' started by IGOR, May 14, 2003.

  1. IGOR

    IGOR 1/2 ton status Premium Member

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  2. mudhog

    mudhog THEGAME Staff Member Super Moderator

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    ya i saw that posted on obh a few days ago /forums/images/graemlins/eek.gif
     
  3. IGOR

    IGOR 1/2 ton status Premium Member

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    Oh that's even better yet - /forums/images/graemlins/angryfire.gif /forums/images/graemlins/angryfire.gif
     
  4. mudhog

    mudhog THEGAME Staff Member Super Moderator

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    this is the info i got

    Report: Warn Industries up for sale
    Robert Goldfield
    Private equity firm Endeavour Capital is preparing to sell one of its
    portfolio companies, winch maker Warn Industries of Clackamas, according to
    a trade publication.
    The Deal, an online publication serving the investment banking industry,
    reported May 12 that Harris Williams & Co. of Richmond, Va., an adviser to
    Warn, recently received first-round bids from private investment groups. The
    publication cited an unidentified source as saying that the company is
    seeking a purchase price more than seven times Warn's earnings before
    interest, taxes, depreciation and amortization (EBITDA), or more than $280
    million.
    Endeavour principal John von Schlegell told The Business Journal that his
    Lake Oswego-based firm has indeed hired Harris Williams to review a variety
    of options for Warn, which currently employs more than 550. He declined to
    say whether Warn was for sale. Endeavour helped finance a management-led
    buyout of Warn in 2000.
    Again citing an anonymous source, The Deal estimated Warn's annual sales at
    $151 million.
    The publication named New York-based investment firm Castle Harlan Inc.,
    Michigan-based Heartland Industrial Partners LP and New York's Harvest
    Partners, all of which control auto-related companies, as potential bidders.

    Founded in 1948, Warn manufactures a broad line of off-road equipment and
    accessories--such as winches, axles, hubs and four-wheel-drive control
    systems--for four-wheel-drive vehicles and all-terrain-vehicles. It
    distributes products through wholesalers and directly to motor vehicle
    manufacturers.
     
  5. ntaj*ep

    ntaj*ep 1/2 ton status

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    HAHA! I was meaning to ask you about some parts BTW.... /forums/images/graemlins/rotfl.gif
    Don't worry dude, you could always teach englash....... /forums/images/graemlins/rotfl.gif
     
  6. chevyfumes

    chevyfumes Court jester

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    Watch for the muzzleflash!
    /forums/images/graemlins/eek.gifThat sucks, hope everything works out for you... /forums/images/graemlins/deal.gif
     
  7. MEPR

    MEPR 1/2 ton status

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    As the Greek might say... "muchth suckth" /forums/images/graemlins/tongue.gif
     
  8. Muddytazz

    Muddytazz 1 ton status

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    I read the same thing, then instantly called my mom (who works there) she said that a bunch of suits (perspective buyers) toured the place the other day....I do also know that there is a stipulation in the contract to whoever does/if buys Warn, that they have to stay in business for at least 5 yrs before they can decide to do anything /forums/images/graemlins/thumb.gif
     

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