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Dresner Partners Advises MacLean Investment Partners in Sale of Jameson to Carousel Capital
CHICAGO – July 12, 2007 – Dresner Partners, a leading middle-market investment bank, announced today that it served as exclusive financial advisor to MacLean Investment Partners (MIP) in the sale of its majority ownership stake in Jameson Corporation (“Jameson”) to Charlotte-based private equity firm, Carousel Capital. Specific terms of the deal were not disclosed.
Headquartered in Clover, South Carolina, Jameson is a leading manufacturer and marketer of niche, high-quality specialty lighting products and professional tools and equipment for a diverse range of end markets including telecom, power utility, cable TV, tree care, electrical contracting, do-it-yourself (DIY) and the military. Since its founding in 1956, Jameson has built an unparalleled reputation as an innovator and manufacturer of tools and equipment designed to stand up to harsh environments as well as the demands of lineman, technicians, engineers and other professional users.
“We are pleased to have assembled a partnership that meets the objectives of the company’s shareholders and positions Jameson to continue its impressive record of growth,” said Barry MacLean, CEO, MacLean Investment Partners. “The Dresner team did an outstanding job on this transaction and was committed from the outset to helping us select a partner that truly understands and appreciates Jameson’s unique business model and value proposition.”
“This is a terrific outcome for MIP and MacLean-Fogg, who have been valued clients of the firm for many years,” said Steven M. Dresner, president of Dresner Partners. “We appreciate their high degree of confidence and the opportunity to serve as their trusted advisor on this important engagement.”
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