InterOcean Advisors is pleased to announce the successful sale of Modineer Co., Inc. (“Modineer”) to an entity established by Westbourne Capital Partners, a Chicago-based private investment firm, and Hall Capital, a family-owned private investment company located in Oklahoma City, Oklahoma. InterOcean acted as the exclusive financial advisor to Modineer Co., Inc.
“We are extremely excited to partner with the Hall Capital and Westbourne Capital Partners teams. While the company has been highly successful in establishing itself as a leader in the production of vehicle components, we are eager to take the next step in growing the company through greater utilization of our assets and industry relationships, as well as diversifying into new end markets. This transaction will help us to accomplish those goals.”
– Ed Hamilton, CEO of Modineer Co., Inc.
Modineer is a manufacturer and fabricator of metal components for the automotive, military, truck/trailer and industrial markets utilizing stamping, roll forming, welding, machining, painting, e-coating and other specialty processes.
“Modineer has found an excellent growth partner in Hall Capital and Westbourne Capital Partners. Not only do both groups provide extensive automotive industry experience and the ability to leverage industry relationships through other investments, but they have established an experienced board of directors composed of operators with deep knowledge of the automotive, specialty and recreational vehicle and general industrial markets,” stated Nick Newlin, a Managing Director at InterOcean. “The combination of this industry expertise coupled with a drive to grow through future acquisitions should propel the company to achieve strong growth in the near future.”