DALLAS, Dec. 3, 2014 – Capital Alliance Corp. (www.cadallas.com), a global mid-market investment banking firm, teamed up with FTM Synergis Capital Inc., Montreal, Canada, to counsel Hason Steel, Inc. of Lanoraie, Canada, on its acquisition of Odom Industries, Milford, OH. Looking to expand its manufacturing and marketing presence in the U.S., Hason was advised by FTM Synergis, while Capital Alliance identified Odom Industries and counseled Hason on the transaction.
“As members of M&A International, our two firms – Capital Alliance and FTM Synergis – were able to work together seamlessly and efficiently to identify the U.S. target and to provide the resources needed to close this cross-border deal. The strategic fit of Odom Industries into the development plans of Hason was excellent. The timeliness of the transaction was also important, given the dynamic conditions of the energy industry both in the U.S. and Canada,” said Brad Buttermore, senior vice president and principal at Capital Alliance.
Hason Steel is a leading custom fabricator of fluid catalytic cracking (FCC) equipment, pressure vessels and related process equipment for the refining and petrochemical industries. The acquisition establishes a manufacturing and marketing presence in the U.S. for Hason, thereby consolidating its leading position in North America. Hason sells its products and equipment directly to refiners and through specialized engineering, procurement and construction contractors. It undertakes various projects for clients in North and South America, Europe, the Middle East, Asia and Asia Pacific.
Odom specializes in the custom forming of large segmental heads in both ferrous and non-ferrous metals, as well as the manufacturing of large, heavy and complex process equipment. Odom, which became Hason USA, serves the petrochemical, power generation, and oil and gas industries.
“FTM and their partner firm from M & A International, Capital Alliance, have been present throughout the process and have provided exceptional support at all phases of the transaction. We would not have been able to conclude this transaction without their hard work,” says Denis Blain, CEO of Hason Steel.
Capital Alliance and FTM Synergis collaborated on this deal under the auspices of M&A International, an organization of 48 investment banking firms operating in more than 40 countries worldwide. Capital Alliance has been a member of M&A International for 25 years.
The financial terms of the transaction were not disclosed.
About Capital Alliance
Capital Alliance is a global mid-market investment banking firm providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including energy, technology, construction and engineering, manufacturing and business services. Since its founding in 1976, the privately held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion.
Capital Alliance Corporation
2777 N. Stemmons Freeway, Suite 1220
Dallas, TX 75207
(214) 638-8280
www.cadallas.com
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