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You are here: Home / Manufacturing & Industrial Products / Wise Metals Group, LLC

Wise Metals Group, LLC

Selected Case Studies

  • EFTC Corporation
  • Extant Components Group
  • IMACC Corporation
  • IMC Plastics
  • Micron Contract Manufacturing Services, Inc.
  • Nifty Products, Inc.
  • Ontic Engineering & Manufacturing, Inc.
  • Sealaska Corporation
  • Steel Horse Automotive, Inc.
  • Symetrics Industries
  • Triquest Corporation
  • Viking Components, Inc.
  • Wise Metals Group, LLC
Wise Metals Group, LLCWith revenue of over $1 billion, Wise Metals produces approximately 15% of the beverage industry's can sheet for aluminum beverage containers, representing approximately 15 billion cans for such beverages as Coca-Cola, Miller beer and niche brands.Wise required additional liquidity to fund growth initiatives due to increased worldwide demand for can sheet and losses related to metal cap ceilings.

M&A Capital identified multiple capital sources that had an interest in providing growth capital to Wise, including: senior lenders, subordinated debt providers and other junior capital sources, and equity partners.

After generating proposals from several capital sources, Wise determined that a $75 million convertible preferred security and an increased $300 million senior revolving credit facility provided sufficient flexibility with reasonable dilution.
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Wise Metals Group, LLCWith revenue of over $800 million, Wise Metals produces approximately 15% of the North American beverage industry's can sheet for aluminum beverage containers, representing approximately 15 billion cans for such beverages as Coca-Cola, Miller beer and niche brands.

M&A Capital assisted Wise to achieve its objectives with this financing, including: increasing availability under its revolver, reducing financial covenants, lengthening the term, and reducing financing costs.

The Senior Public Notes provided Wise sufficient proceeds to repay its outstanding obligations under its existing $160 million revolving credit facility and $35 million of senior subordinated with only a minimal draw under its revolver.

Wise retired higher coupon subordinated debt and repurchased the subordinated debt holders warrants at the closing of the transaction.

The incremental liquidity under the revolver was available to fund operating requirements, including the pursuit of certain growth initiatives.
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Wise Metals Group, LLCWith revenue of over $600 million, Wise Metals produces approximately 15% of the beverage industry’s can sheet for aluminum beverage containers, representing approximately 15 billion cans for such beverages as Coca-Cola, Miller beer and niche brands.

Wise required additional liquidity to fund: (i) growth initiatives, (ii) a refinance of seller notes and (iii) refinance its foreign bank group that was no longer actively participating in the United States market.

M&A Capital identified multiple capital sources that may have had an interest in providing capital to Wise, including: senior lenders, B-Loan underwriters, high-yield underwriters, subordinated debt providers and other junior capital sources.

After generating proposals from several capital sources, M&A Capital determined the viable alternatives from which Wise's management selected the most accretive solution.
M&A Capital worked with the selected sources to close the most viable solution available to Wise.

Selected Client Logos

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Wise Metals

1800-loanmart

Snak Club

Skytrails Aviation

Shemin Nurseries

Poms & Associates

Plaid Pantry

Orco Construction Supply

Ontic

Maly's

The First Rehabilitation Life Insurance

Extant

Easyriders

Crazyshirt

Atlantis Healthcare Group

A-Mark Precious Metals

Steel Horse Automotive

Timec

Furr's Family Dining

Goldline International

Client Testimonials:

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“I am writing to thank you for the incredible effort you and your staff put into our transaction.  We could not be more pleased with the results.

Although your parallel process was significantly more work for your staff, it was extremely valuable to have a variety of capital providers and buyers from which to develop the best transaction for Teresa and me.

I found your honesty and ethics refreshing.  In 2002, we approached nine investment banking firms regarding the sale of Ontic.  The other eight told us it was a good time to sell and they could get us top dollar.  You were the only forthright advisor in the group.  You suggested we should wait for better market conditions at the risk of losing our assignment.  Following your honest advice, we realized a considerably higher sell price.

I also greatly appreciate all the time you spent with us and your 24/7 availability.  With the many events in the sale process, it was wonderful having you always available to advise and discuss strategy.

I hope to have another transaction in my future so that I can work with you again.”

Ted & Teresa Allred, Ontic Engineering

May 24, 2016

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“I wanted to express my appreciation for what you and your team achieved for me and my family. The process opened up a side of business that was totally new to me and I can’t imagine the outcome if we had been in less capable hands. I’d particularly like to thank you for the amount of senior-level attention from your firm – your generosity in taking the time with us, a small family-owned business, to educate us and to help us get our act together and Dan Esters who was very patient in helping me understand what was needed. He seemed indefatigable in managing the daily hassle of the process over crucial details and helping us maximize value.”

Merv Watkins, Convaid

May 24, 2016

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“M&A helped us sell our family business to L’OREAL. With them at our side, we felt confident that we received a great valuation for our company plus they really did all the work necessary to complete this complicated transaction. I recommend Tom and his team highly.”

John Maly, Maly’s of California

May 24, 2016

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“M&A Capital helped me realize my dream of acquiring a major dialysis business. The team spent months helping to refine the business plan and source the capital prior to my selection of Atlantis, one of the top dialysis firms in North America. I truly appreciate the team’s work effort and direct, honest advice. Thank you for helping me get this far, and we’re not done yet!”

Randall Maxey, MD, PhD, Atlantis Healthcare Group

August 9, 2016

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“For over a decade, M&A Capital acted as one of our family’s advisors to help with decisions involving the business. While the business continued its growth, they were happy to help without any payment. When the family decided to sell, I was confident that M&A Capital was the right investment bank to engage to maximize the family’s value. Over the years, their work increased the value we were expecting by at least 75%.”

Hadi Morshed, Snak Club & New Century Snacks

August 10, 2016

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