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Discussion in 'Pacific Region' started by IGOR, May 14, 2003.
ya i saw that posted on obh a few days ago /forums/images/graemlins/eek.gif
Oh that's even better yet - /forums/images/graemlins/angryfire.gif /forums/images/graemlins/angryfire.gif
this is the info i got
Report: Warn Industries up for sale
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
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
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
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
/forums/images/graemlins/eek.gifThat sucks, hope everything works out for you... /forums/images/graemlins/deal.gif
As the Greek might say... "muchth suckth" /forums/images/graemlins/tongue.gif
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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