Mesirow Financial Advises SeaStar Solutions Incorporated, a Portfolio Company of American Securities LLC, On Its Acquisition of Moeller Marine Products, Inc.
CHICAGO, July 19, 2017 – Mesirow Financial acted as the exclusive financial advisor to SeaStar Solutions Incorporated (“SeaStar Solutions” or the “Company”), a portfolio company of American Securities LLC (“American Securities”), on its acquisition of Moeller Marine Products, Inc. (“Moeller”).
Headquartered in Litchfield, IL, SeaStar Solutions is a leading supplier of marine steering and control systems, fuel systems, engine parts and related products.
Yvan Cote, president and chief executive officer at SeaStar Solutions, commented, “We are extremely happy to add Moeller to our portfolio. Given the new environmental regulations, fuel systems are an increasingly important part of any powerboat. With the addition of Moeller, SeaStar Solutions becomes the clear leader in this important field.”
Rocky Pontikes, managing director of Mesirow Financial’s Investment Banking group, added, "We were honored to have represented SeaStar Solutions on this acquisition. Our targeted buy-side representation continues to add value to our corporate and private equity clients."
The transaction represents another successful assignment completed by Mesirow Financial’s Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s team has a proven track record of completing successful transactions.
About Moeller Marine Products, Inc.
Moeller Marine, a 2015 Ovation Award winner for Excellence in Manufacturing, furnishes custom and off-the-shelf fuel systems or components of vessels, which range from bass and ski boats to offshore saltwater fishing craft. Moeller also offers a line of open stock portable, topside, and permanent tanks, as well as delivery systems, livewells, water and waste tanks, seat substrates, and interior components for boaters and builders. To learn more, please visit moellermarine.com.
About SeaStar Solutions, Inc.
SeaStar Solutions is the leading global provider of OEM and aftermarket products and accessories for the recreational marine and related markets. Sold around the world under the SeaStar, Sierra, BayStar, Shields, Inca, Mallory, Prime Line and Proheat brands, the Company’s products are recognized for their quality, reliability and technical innovation. To learn more, please visit seastarsolutions.com.
About American Securities LLC
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenue generally ranging from $200 million to $2 billion and/or EBITDA ranging from $50 million to $300 million. American Securities and its affiliates have approximately $15 billion under management. To learn more, please visit american-securities.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirowfinancial.com.