client_transactions

SSG Client Transactions

Title

Citation Corporation-Navasota Forge
Client Profile

Client Profile

Navasota Forge, acquired by Citation Corporation in 1996 in its purchase of Interstate Southwest Forgings, Inc., is an $85 million manufacturer of forged steel products for the construction, light automotive, aerospace and medium and heavy truck industries. Key products include draw bars, end bits, landing gears, ripper shanks, steering knuckles/arms, tension struts, turbine blades and valve bodies.
Situation

Situation

Citation Corporation made a strategic decision to divest its forging assets, which contributed less than 10% of its total sales, to focus on its core casting capabilities and reduce debt.
Solution

Solution

National City acted as Citation’s exclusive financial advisor in the sale of Navasota Forge to Balmoral Advisors LLC, a Los Angeles-based private equity firm. The Transaction was completed in December 2006.
December 2006
Navasota Forge
a division of
has been acquired by
The undersigned acted as Financial Advisor to
Citation Corporation on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 782-3755

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