January 30, 2008
LockeBridge announced that it has acted as exclusive financial advisor to the shareholders of Lantec Products Inc. in their sale to Amjet, Inc. and Management of Lantec. Based in Agoura Hills California, Lantec manufactures proprietary packings which are used inside heavy industrial air and liquid treatment systems. The terms of the transaction were not disclosed.
According to Mr. Paul Guerra, Lantec co-founder, “During the height of the credit crunch and one of the worst economies in a century, LockeBridge was was able to successfully orchestrate a complex transaction while at the same time securing an exceptional value for the shareholders. The transaction was laden with financial challenges which could have only been overcome by highly skilled bankers such as the advisors at LockeBridge.”
Mr. Tyler Block, Vice President of Lockebridge Investment Banking states, “Structuring this leveraged buy-out during these extremely challenging times required a substantial amount of creativity. We were very pleased to have structured the transaction so that it was a lucrative deal for both the Buyers and the Sellers”.