Brown Gibbons Lang & Company (BGL) has announced the sale of Hynes Industries, a producer of custom roll-formed steel products, to Crossplane Capital, a Dallas, TX-based private equity firm. BGL's Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Hynes in the transaction.
The new partnership with Crossplane Capital will further accelerate Hynes' growth in end markets.
Founded in 1925 and headquartered in Youngstown, OH, with additional manufacturing facilities in Painesville, OH, and Kokomo, IN, Hynes is a manufacturer of precision-engineered roll-formed metal parts and assemblies for diverse end markets that include automated material handling, truck trailers, solar and general industrial. With more than 75 roll-form mills across nearly 500,000 sq. ft. of space, Hynes utilizes state-of-the-art technology in design and engineering to deliver quality fabricated metal products to customers throughout North America.
The new partnership with Crossplane Capital will further accelerate Hynes' growth in end markets where there is a rising demand for automation and modernization in warehouse operations. Partnering with Crossplane enables Hynes to build upon and accelerate the ongoing investment in the processes and equipment. Hynes will also be able to advance the commitment to deliver greater value to customers.
BGL's Metals & Advanced Metals Manufacturing team has deep sector knowledge and extensive Metals M&A transaction experience within major subsectors of the broader metals industry, representing ferrous and nonferrous metals businesses. Coverage includes service centers, mills and foundries, manufacturing and recycling.
For more information contact:
Brown Gibbons Lang & Company
1375 East 9th Street, Suite 2500
Cleveland, OH 44114
216-241-2800
www.bglco.com
Hynes Industries
3805 Henricks Road
Youngstown, OH 44515
800-321-9257
www.hynesindustries.com
Crossplane Capital
750 North St. Paul St.
Suite 1000
Dallas, TX 75201
www.crossplanecapital.com