By J. Wesley Legg, COO There has been recent speculation that Apple is looking to get into the automotive industry. Exhibit number one for the speculators is the fact that Apple has been on a hiring spree for auto industry talent. In fact, Apple’s poached so many car battery engineers from A123 Systems, that A123…
BIRMINGHAM, Ala. (April 2, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Timco Services, Inc. (Timco), a leading provider of tubular running services and rental equipment, to Frank’s International N.V. – NYSE: FI (Frank’s). Timco and Frank’s entered into a definitive purchase agreement on March 12, 2015 and the transaction…
By: Duane P. Donner II, Managing Partner M&A in the U.S. reached pre-recession levels last year and continue to build momentum on the back of a lot of dry powder (buyers with cash) and very favorable financing. Right now, it’s a seller’s market for most industries and sectors. Last year, Founders advised on seven transactions,…
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The owners of Chandler/May Inc. (CMI) engaged Founders in 2004 to find an attractive financial partner. Headquartered in Huntsville, AL, CMI specialized in the design, development, integration, manufacturing and support of fully integrated mission critical systems for unmanned aerial vehicles. As a single source solutions provider, CMI built applications for a variety of uses in…
BIRMINGHAM, Ala. (March 23, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Eagle Automation Limited (“Eagle”), a leading automation and measurement services provider, to Panhandle Oilfield Services, Inc. (“Panhandle”), an integrated oilfield services company and portfolio company of Argosy Private Equity. Eagle’s management continued with Panhandle and was exclusively advised…