P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Efficiency Production, Inc. (the “Company” or “EPI”) in the sale of its assets to Trinity EPI, LLC, a subsidiary of Trinity Shoring Products, Inc. (“Trinity”).
Headquartered in Mason, Michigan and founded over 45 years ago, EPI is a leading manufacturer of trench shielding and shoring systems. As a leading global brand, its safety shielding and shoring systems can be found on construction sites around the world. Product examples include aluminum and steel trench shields, hydraulic shoring systems, slide rail systems, and a full suite of ancillary equipment. EPI’s products are an important part of contractors site safety plans on jobs requiring underground construction and provide contractors with opportunities for increased productivity and job cost reductions.
Ken Forsberg, a shareholder of EPI, remarked, “We are enthusiastic that our family business found a new home with Trinity. Trinity’s acquisition serves as recognition of our leading reputation built over many decades.” Mr. Forsberg added, “The management team of EPI is looking forward to working with Trinity on the next phase of the Company’s growth trajectory, while continuing to serve our customers with the best quality and service around.”
PMCF was hired to serve as the Company’s exclusive investment banker in the sale process. Mr. Forsberg noted, “A sale process is tremendously complex, requiring a significant amount of work. We couldn’t be happier that we selected PMCF to advise us on this transaction. The team’s transactional fortitude, industry knowledge, and ability to work effectively with all deal constituents contributed to a successful transaction outcome.”
The transaction closed in July 2017. Honigman Miller Schwartz and Cohn LLP served as legal advisor to EPI.