Sell Side Advisor

Duff & Phelps Advised Banner Service Corporation on its Recapitalization by High Street Capital

Transaction Description
Banner Service Corporation (“Banner”), a leading value added processor and distributor of metal bar products, was recapitalized by High Street Capital on November 16, 2012. The transaction was supported by equity from Banner’s management team, mezzanine financing and equity from Centerfield Capital Partners, and senior debt from Cole Taylor Bank.

About Banner Service Corporation
Founded in 1961, Banner is a leading precision processor and distributor of cold finished, straightened, ground, and polished metal bar products. Banner serves a diverse customer base in a variety of end markets with a growing presence in the medical industry. The company is headquartered in Carol Stream, Illinois and has additional facilities in Charlotte, North Carolina and Strongsville, Ohio.

About High Street Capital
High Street Capital is a leading lower middle market private equity firm providing flexible capital and operating expertise to middle market businesses.  High Street Capital acquires, recapitalizes, and provides growth capital to companies operating in the business services, distribution and manufacturing industries.

Role of Duff & Phelps
Duff & Phelps was engaged by Banner to serve as its exclusive financial advisor in connection with the sale of the company. Duff & Phelps worked closely with Banner’s management team and shareholders including Alpha Capital Partners and Prism Capital to develop and execute a marketing process that could maximize the value of the business.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Fairness Opinions

#1 ranked provider of fairness opinions for boards of directors and special committees.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Valuation Services

When companies require an objective and independent assessment of value, they look to Kroll.

See All Case Study