The Capital Corporation advises Highlands Diversified Services, Inc. on its sale to Bear Diversified, Inc.


July 31, 2015 

Transaction:

The Capital Corporation is pleased to announce the sale of Highlands Diversified Services (headquartered in London, Kentucky) to Bear Diversified (which is a privately held, parent company of Cleveland, Ohio-based Northern Stamping, Inc.).  Highlands is a leading manufacturing solutions provider for the telecommunications, automotive, aerospace, appliance, and other industrial industries.  Northern Stamping is a supplier of complex metal stampings and highly engineered welded assemblies to the automotive industry since 1989. 

"The acquisition of HDS and pairing it with NSI represents a great opportunity to combine two exceptional companies," said Chairman and CEO of Bear Diversified Matthew Friedman. "The acquisition will benefit both companies' customers by providing a wider range of press size and other manufacturing processes, an expanded global footprint, and greater financial flexibility.  The formation of Bear Diversified and the acquisition of HDS are the first steps in a broader growth plan to expand product offerings and industry synergies." 

Founder and Chairman of Highlands Diversified Services, Daryl Weaver, added he was extremely gratified to become a member of the Bear Diversified Group of companies. "I take great pride in what we have created at HDS and am confident that this is the beginning of the next phase of growth for our London, Kentucky colleagues. Bear will be an excellent partner for our customers."

The Capital Corporation, a leading investment bank headquartered out of Greenville, South Carolina and with offices in Spartanburg, South Carolina and Boca Raton, Florida, served as the exclusive advisor to Highlands Diversified Services on the transaction. 

About Highlands Diversified Services: Highlands Diversified Services ("HDS", www.hds-usa.com), located in London, Kentucky, offers core competencies in metal stamping and fabrication, welding (both resistance and robotic), drilling, tapping, staking, powder coat painting, CNC machining, electro-mechanical assembly and warehousing/distribution.  HDS prides itself on its customer service supported by its core values of building customer relationships, development of associates, safety and teamwork. 

About Northern Stamping: Northern Stamping ("NSI", www.northernstamping.com), headquartered in Cuyahoga Heights, Ohio and with locations throughout the US, Mexico and a strategic partnership in Ningbo, China is an innovative supplier of complex engineered stampings and welded assemblies for the automotive industry.  NSI has distinguished itself by solving difficult engineering and production challenges.  NSI takes pride in providing a responsible manufacturing environment with an efficient cost structure, high quality production, and 100% on-time delivery. NSI retains a key competitive advantage by providing customers greater flexibility, customization, and being a solutions-oriented supplier. 

About The Capital Corporation: Since 1991, The Capital Corporation (www.thecapitalcorp.com) has been providing merger and acquisition services to lower middle market companies.  The Capital Corporation's team of professionals has closed hundreds of transactions and leverages their backgrounds from Wall Street and Fortune 500 companies for the benefit of its clients.  The Capital Corporation is one of only six investment banks in the United States that has achieved the exclusive IMAP membership, allowing for unparalleled access to a global buyer network across three dozen countries.

Contact: Devin Green, 864.672.8400, dgreen@thecapitalcorp.com.

 

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