SOURCE: Imperial Capital

Imperial Capital

November 09, 2010 04:30 ET

Imperial Capital Acted as Exclusive Financial Advisor to Aero Products in Its Sale to The Coleman Company

LOS ANGELES, CA--(Marketwire - November 9, 2010) - Imperial Capital announced that it served as the exclusive financial advisor to Aero Products International, Inc. ("Aero Products" or the "Company") in its sale to The Coleman Company, Inc. ("Coleman"). Aero Products is a leading global provider and innovator of premium, air-filled mattresses for indoor and outdoor use.

"This transaction demonstrates Imperial Capital's expertise across various industries and our Consumer Group's knowledge and extensive relationships in the branded consumer products and retail sectors," said Jason Reese, Chairman and Chief Executive Officer of Imperial Capital Group. Minneapolis-based Jim D'Aquila, Managing Director, added, "Aero Products was a logical acquisition for Coleman given Aero Products' strong brand recognition and its leading position in the premium segment of the airbed market." 

Tim Horne, CEO of Aero Products, added, "We were impressed with Imperial's bankers' knowledge of the consumer products industry and their ability to bring the right strategic partner for Aero Products to the table."

"We are excited about the opportunities this transaction presents," commented Sam Solomon, President and CEO of Coleman. "Aero is a natural fit for Coleman. We currently offer more than 30 models of indoor and outdoor airbeds and accessories, so we understand this market and the wants and needs of the airbed consumer. Through this acquisition, we will enter new distribution channels and expand our offering in the indoor and premium product segments."

Additional details of the transaction were not disclosed.

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Boston, Houston and Minneapolis. The firm currently employs over 170 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients with research, sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

About Aero Products

Aero Products is a leading global provider and innovator of premium, air-filled mattresses for indoor and outdoor use. The company's products, which include a broad portfolio of airbeds and accessories, are highly recognized for their convenience, innovation, comfort and style. Products are marketed primarily under the Aerobed® and Aero Sport® brand names. The company was founded in 1992 and is based in Schaumburg, Illinois. For more information, please visit www.aerobed.com.

About The Coleman Company

As a global leader in the innovation and marketing of outdoor products, Coleman, The Outdoor Company, helps people have fun and make memories by providing the gear integral to their favorite outdoor experiences. The company's products include its legendary lanterns and stoves, as well as coolers, tents, sleeping bags, airbeds, backpacks, furniture, and grills under the Coleman® brand. Additionally, the company provides flotation devices, towables, rainwear, waders, hunting and fishing gear as well as safety and survival equipment under its Stearns®, Sevylor®, Sospenders®, Hodgman®, Mad Dog Gear®, and Helium® brands. Coleman was founded in 1900 and is based in Wichita, Kansas. For more information, please visit www.coleman.com.

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