Contact Information: Contacts: David Gutierrez Dresner Corporate Services 312.780.7204 dgutierrez@dresnerco.com John Riddle Dresner Partners 312.780.7203 johnriddle@dresnerco.com Matt Phillips Dresner Partners 312.780.7244 mphillips@dresnerco.com
Dresner Partners Advises MacLean Investment Partners in Sale of Jameson to Carousel Capital
| Source: Dresner Partners
CHICAGO, IL--(Marketwire - July 12, 2007) - Dresner Partners, a leading middle-market
investment bank, announced today that it served as exclusive financial
advisor to MacLean Investment Partners (MIP) in the sale of its majority
ownership stake in Jameson Corporation ("Jameson") to Charlotte-based
private equity firm, Carousel Capital. Specific terms of the deal were not
disclosed.
Headquartered in Clover, South Carolina, Jameson is a leading manufacturer
and marketer of niche, high-quality specialty lighting products and
professional tools and equipment for a diverse range of end markets
including telecom, power utility, cable TV, tree care, electrical
contracting, do-it-yourself (DIY) and the military. Since its founding in
1956, Jameson has built an unparalleled reputation as an innovator and
manufacturer of tools and equipment designed to stand up to harsh
environments as well as the demands of lineman, technicians, engineers and
other professional users.
"We are pleased to have assembled a partnership that meets the objectives
of the company's shareholders and positions Jameson to continue its
impressive record of growth," said Barry MacLean, CEO, MacLean Investment
Partners. "The Dresner team did an outstanding job on this transaction and
was committed from the outset to helping us select a partner that truly
understands and appreciates Jameson's unique business model and value
proposition."
According to John Riddle, a managing director for Dresner Partners,
Carousel Capital was impressed with the strong growth as well as the
entrepreneurial leadership at Jameson. "The Company has demonstrated an
ability to drive growth in its established markets and core product lines,
while at the same time innovating and capitalizing on new market
opportunities within its rapidly expanding specialty lighting business,"
Riddle explained.
"This is a terrific outcome for MIP and MacLean-Fogg, who have been valued
clients of the firm for many years," said Steven M. Dresner, president of
Dresner Partners. "We appreciate their high degree of confidence and the
opportunity to serve as their trusted advisor on this important
engagement."
About Dresner Partners
Dresner Partners is an NASD-registered, middle-market investment bank based
in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial
advisory services to business owners and managers throughout the United
States, including institutional private placements of debt and equity,
merger & acquisitions, and valuation and strategic consulting services. Its
affiliate company, Dresner Corporate Services, is a strategic
communications firm specializing in investor and public relations. More
information is available via the Internet at www.dresnerpartners.com.