FOR
IMMEDIATE RELEASE
Contact:
Charles K. Oppenheimer
Amvest
Financial Group, Inc.
816-461-3312
coppenheimer@amvest.com
KANSAS CITY, MO – January 24, 2002 – Amvest Financial Group, Inc.,
a national investment banking firm announced the completion of its client’s
acquisition of Americas Management and Logistics. Amvest conducted the
acquisition search and represented Lincolnshire in the transaction.
Lincolnshire
Management acquired Americas Management and Logistics, in conjunction with
management. Americas Management is a provider of port-based logistics services
to domestic and international automobile manufacturers.
The terms of the
transaction, Lincolnshire’s fifth this year, were not disclosed.
Americas Management receives vehicles from manufacturers and
processes them for distribution throughout the Eastern and Midwestern U.S. The
services provided by Americas Management at its facilities include pre-delivery
inspections, accessory installation, inventory management, storage, vehicle
preparation and transport scheduling. Americas Management is headquartered in
Baltimore, Maryland and has facilities in Mexico, Altimira, Mazatlan, and Lazaro
Cardenas.
In a statement, Doug Bagin, senior managing director of
Lincolnshire, predicted continued strong growth for the auto processing business
as manufacturers seek to exploit opportunities to reduce the amount of high-cost
in-plant labor required for each vehicle.
“Lincolnshire believes it is an excellent time to enter this
industry and intends to leverage the expertise of Americas Management's
management to pursue growth both organically and through acquisitions.”
Founded in 1985, Lincolnshire
closed a $315 million Lincolnshire Equity Fund II in November of last year. The
firm specializes in acquiring middle market companies in transactions structured
as leveraged buyouts and recapitalizations. Previous transactions include the
acquisition of the Kathryn Beich Division community fundraising unit of Nestle
USA in September, the security systems business of London-based paint, chemical,
and other specialty product company Imperial Chemical Industries in June, and
non-hazardous waste recovery services company NexCycle in February. Terms of the
transaction were not disclosed.
Amvest Financial Group, Inc., with
over twenty-six years experience in representing buyers and sellers and having
has the unique distinction of being run by individuals with first-hand
experience in buying, owning and selling their own companies. Amvest has
advised clients nationwide with sales ranging from $5 million to over $4
billion.
www.amvest.com
For additional information, contact Charles K. Oppenheimer toll-free at
888-451-9698. ###