D.A. Davidson & Co. Acts as Exclusive Financial Advisor to Transhield in Sale to Ancor Capital Partners

CHICAGO--()--D.A. Davidson & Co., a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to Transhield, Inc. (Transhield), the industry leading provider of custom designed, corrosion inhibiting, protective covering solutions for storage and transit, in its sale to Ancor Capital Partners (Ancor). Transhield’s customer base includes leading marine manufacturers, the U.S. military, and industrial companies in a wide variety of sectors, including wind energy, oil and gas, and aerospace. Ancor teamed with Midwest Mezzanine Funds to provide the subordinated debt and equity for the transaction. Transaction terms were not disclosed.

“We are proud to serve as the exclusive financial advisor to Transhield in its sale to Ancor,” said Brian Boyle, managing director at D.A. Davidson. “Teaming up with Ancor gives Transhield a motivated and hands-on operating partner with related industry expertise, which will continue to foster a culture of cutting edge technology development and growth.”

"We are looking forward to joining the Ancor team to help Transhield expand its capabilities and reach through the operational focus and experience that Ancor brings to the table,” says Jim Glick, president of Transhield. “D.A. Davidson’s knowledge, ability, and determination in guiding us through the many obstacles of the transaction process provided for a very successful outcome for both Transhield and its shareholders.”

About D.A. Davidson & Co.

D.A. Davidson & Co. is a full-service investment firm with operations throughout the country. D.A. Davidson’s Equity Capital Markets Group provides services and products that include investment banking, institutional sales, trading, research and corporate services. D.A. Davidson’s investment banking team underwrites public offerings, serves as a placement agent for private financings, and advises companies on mergers and acquisitions. The firm’s industry-driven research teams offer award-winning research and are supported by a dedicated group of sales and trading professionals.

The Equity Capital Markets Group is based in Portland, Ore., and operates from offices in Baltimore; Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake City; and Seattle.

D.A. Davidson & Co. is one of four firms within D.A. Davidson Companies, a 79 year-old, employee-owned financial services holding company.

Contacts

LANE for D.A. Davidson & Co.
Ted Lane
Office: (212) 302-5948
Cell: (503) 720-4571
ted@lanepr.com
or
D.A. Davidson Companies
Jacquie Burchard
Office: (406) 791-7465
Cell: (406) 868-1392
jburchard@dadco.com

Release Summary

D.A. Davidson & Co., a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to Transhield in its sale to Ancor Capital Partners.

Contacts

LANE for D.A. Davidson & Co.
Ted Lane
Office: (212) 302-5948
Cell: (503) 720-4571
ted@lanepr.com
or
D.A. Davidson Companies
Jacquie Burchard
Office: (406) 791-7465
Cell: (406) 868-1392
jburchard@dadco.com