CINCINNATI – Fifth Third Securities, Inc. acted as the exclusive financial advisor to Schafer Industries Inc. on its recent acquisition by HBM Holdings Company.
Based in South Bend, Indiana, Schafer is a producer of high-precision, custom-engineered gears and machined parts, as well as axles, transaxles, transmissions and other components for recreational and off-road vehicle applications. Schafer’s focus on custom engineering, high-quality production and integrated solutions has made it a leader across a diverse set of industries.
“The Fifth Third Securities team not only was wonderful to work with, but it also delivered results,” said Bipin Doshi, CEO of Schafer. “The team worked efficiently and effectively with our legal, financial and operational teams and successfully closed the deal in a 45-day window.”
“Our investment banking team is proud to have represented Schafer and its shareholders in their transition to new ownership under HBM Holdings and we look forward to following the company’s continued growth and success,” said Jeremy Eberlein, managing director and Head of Fifth Third Securities’ Diversified Industrials Group. “Schafer’s impressive capabilities and dedicated employees will be an excellent fit with HBM’s dedication to long-term value creation and provide HBM with a strong platform for future industry leadership.”
HBM is an investment and management company that acquires, supports and operates middle-market businesses in industrial products and services. With a long-term buy and build approach, HBM combines the benefits of both a strategic acquirer and a private equity firm to grow a diversified portfolio of businesses.
Fifth Third Capital Markets provides value-added advice and solutions aimed to support the growth and profitability of middle-market and mid-corporate clients. Fifth Third’s Capital Markets services include investment banking++, debt capital markets+, equity capital markets++, financial risk management+ and fixed income sales and trading++. The group has offices in Atlanta, Charlotte, Cincinnati, Chicago, Cleveland, Dallas and Memphis, and provides industry specialization across many sectors, including consumer retail, diversified industrials, energy, food, beverage and agribusiness, healthcare, real estate, surface transportation and telecom, media and technology.
For additional information about Fifth Third Securities and the Capital Markets team, visit online.
+ Services and activities offered through Fifth Third Bank.
++ Services and activities offered through Fifth Third Securities Inc.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had $141 billion in assets and operated 1,157 full-service Banking Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 45,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2017, had $330 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender
Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a wholly owned subsidiary of Fifth Third Bank, a registered broker-dealer and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc. and insurance products:
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