Los Angeles, CA – North American Breaker Co, Inc. (“NABCO”) announced the successful sale of its assets to Signature Group Holdings, Inc. (“Signature”) (SGGH.PK) on July 29, 2011. FocalPoint Securities, LLC (“FocalPoint”) served as the exclusive financial advisor to NABCO.
Headquartered in Burbank, CA, NABCO is a nationwide quick-turn supplier of circuit breakers that maintains a significant depth of certified, new product inventory used in various commercial, industrial and residential applications, including products that have been discontinued by the manufacturer and are no longer broadly available. The company operates from five distribution centers across the country to offer customers quick and reliable delivery nationwide and excellent customer service in the replacement niche.
Craig Noell, Chief Executive Officer of Signature said, “NABCO is a leading and profitable niche distributor providing mission critical replacement circuit breakers and related components. When a customer experiences a failure, each hour of downtime can mean a significant loss of revenue, profits, and market credibility. NABCO’s knowledgeable sales staff, deep product inventory, and national presence allow it to provide same or next day fulfillment that minimizes customer downtime. NABCO’s management has grown the company and increased profits in each of the last three years notwithstanding the deep downturn in the construction industry and broader economic recession. We plan to explore opportunities to build on NABCO’s success and grow the business.”
Signature’s Strategic Acquisitions business segment seeks to acquire unique middle-market operating businesses and specialized assets that will generate high profit margins and can be acquired at attractive valuations. Signature does not have preconceived parameters with respect to size, performance, industry or location, nor does Signature have a set timeline for holding its assets. In the case of NABCO, the business will operate as a wholly-owned subsidiary of Signature.
Bob Rayburn, NABCO co-founder said, “We are very excited to have the support of Signature as we move forward in growing the Company. We really appreciate FocalPoint’s efforts in finding us the right partner and deal structure and were impressed with their relentlessness in finding us a solution that worked.”
Nishen Radia, Managing Director at FocalPoint commented, “The founders of NABCO have created an extremely stable and profitable B2B distribution business. Our experience in the distribution industry allowed to us effectively communicate why the company would be such a valuable acquisition candidate and we congratulate all parties on what we hope will be an extremely successful transaction.”
About North American Breaker Co., Inc.
NABCO is a nationwide quick-turn supplier of circuit breakers that maintains a significant depth of certified, new product inventory used in various commercial, industrial and residential applications. For more information about NABCO, visit its corporate website at www.nabreaker.com.
About FocalPoint
FocalPoint is an independent investment bank that was founded in 2002, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings/work-outs. The firm’s primary focus is on middle-market companies.
Please contact Nishen Radia at 310-405-7040 with any questions about this transaction.