Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Halcore Group, Inc.
Sale to American Industrial Partners
Baird served as the exclusive financial advisor to Halcore Group, Inc.
Halcore Group, Inc. (“Halcore” or “the Company”), a portfolio company of Gulf Investment House (“GIH”), recently announced that it has completed its sale to American Industrial Partners (“AIP”). Terms of the transaction were not disclosed.
Halcore, headquartered in Grove City, OH, is the market leader in designing and manufacturing ambulances in the United States, providing highly-customized vehicles to leading private and public service providers. The Company also manufactures a comprehensive range of rescue and specialty vehicles, including hazardous material vehicles, mobile command centers and other specialty vehicles. Halcore maintains three of the leading brand names in the emergency vehicle market (AEV, Horton and Leader) and leverages significant design and engineering expertise, customized manufacturing proficiency and an established national distribution network to serve its broad base of long-standing customers.
GIH, based in Kuwait, is one of the Gulf Cooperation Council’s leading financial services companies. It is a publicly traded company on the Kuwait stock exchange (KWSE:GIH). GIH’s US private equity investments are managed by their subsidiary, Transocean Group, Ltd. in Boston, MA.