Selinsky FORCE
Company Description
Selinsky FORCE (the “Company” or “Selinsky”), headquartered in Canton, Ohio, is a leading provider of critical preventative, planned, and emergency industrial maintenance services, piping and refractory solutions, steel erection, and other turnkey solutions for its customers within the engineered materials, industrial manufacturing, power, recycling, civil construction, and other industrial end markets. Located in the Midwest, the Company enjoys reoccurring, critical maintenance demand with a nested presence in customer facilities, where arduous production and manufacturing processes drive a perpetual need for maintenance, repair, and overhaul work, augmented by scheduled turnaround and specialty capital projects.
With approximately 250 employees consisting of 220+ skilled union technicians in the field, the Company’s breadth of services creates a diverse array of industrial disciplines, including equipment & machinery rebuild and millwright services, refractory (castable and ceramic brick) tear out and relining, piping maintenance and replacement, concrete construction and rehabilitation, rotating crushing equipment services, manlift rental, and other steel erection and civil services. Working closely with customers and facility owners, Selinsky crafts maintenance solutions that leverage the Company’s range of industrial service offerings.
Services Provided
MelCap Partners served as the exclusive investment banker and financial advisor to Selinsky in the sale of the Company. MelCap Partners would like to thank Selinsky for hiring us to represent the Company in this transaction. It was an honor and pleasure to work with Selinsky throughout this exciting process.
Result
In an effort to provide the shareholders with liquidity, the active management team with equity ownership, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, Selinsky was sold to KLH Capital, headquartered in Tampa, FL. KLH Capital is a private equity firm serving family and founder-owned, lower middle-market companies, that focuses within the specialty industrial service and value-added distribution business models.
Client Quote
"It was great working with a company like MelCap who is obviously well-versed in gathering much of the needed diligence information up front in the sale process, summarizing that wealth of information, and presenting it in an attractive package that helps narrow the focus for potential buyers. The process made it much easier to be assured that the interested parties coming to the table had real interest based on all the facts and support provided to them in advance. MelCap was there to be the “middleman” in the process, effectively helping to translate needs and answer questions between buyer and seller throughout the entire progression. Thank you to the entire MelCap team!".
Ms. Lori Scott
President & CEO of Selinsky FORCE
Deal Team
We would also like to thank the deal teams for both sides that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank Preferred Legacy Trust, Clark Hill PLC, Grossman Yanak & Ford LLP, Akerman LLP, FORVIS, Ice Miller LLP, Squire Patton Boggs, Foley Hoag LLP, and Lockton Companies.
About MelCap Partners, LLC
MelCap Partners (www.melcap.com) is an investment banking advisory firm specializing in providing high quality and innovative financial advisory services to middle market companies. Services provided include merger, acquisition, and divestiture advisory services, the private placement of senior debt, subordinated/mezzanine debt, and equity capital, and general advisory services including business valuations, restructurings, and feasibility assessments. In order to assist MelCap Partners with securities related transactions, the investment bankers of MelCap are Registered Principals/Representatives of M&A Securities Group, Inc. (“MAS”), a FINRA broker-dealer firm.
About Globalscope Partners Ltd.
MelCap Partners is also a partner in Globalscope Partners Ltd., (www.globalscopepartners.com), an international M&A network with 55 firms in 47 countries. Globalscope is a leading group of investment bankers and business advisors supporting clients in domestic and international M&A transactions.
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Construction and Building Products, Industrials, Private Equity, Sell-Side M&A