#United States #Oklahoma City #Mesirow #StoneTree #Reel Power

Mesirow Advises Reel Power International Corp. on Sale to StoneTree Investment Partners

Mesirow, an esteemed independent financial services firm, has recently announced its role as the exclusive financial advisor for Reel Power International Corp. in the transaction that culminated in the company being sold to StoneTree Investment Partners. Located in Oklahoma City and Houston, Reel Power specializes in developing, engineering, and manufacturing state-of-the-art automated material handling and control solutions. The company's innovative offerings are employed across various burgeoning markets, including fiber optics, data centers, energy, medical, and defense sectors.

In its advisory role, Mesirow exemplified its enduring commitment to the advancement of industrial technology, marking another successful transaction in its extensive track record. The firm has been recognized for its strategic maneuvers in navigating complex sales, with Reel Power being a portfolio company initially acquired by Dubin Clark Company, Inc. and Praesidian Capital.

A Strong Legacy of Growth and Innovation

Under Dubin Clark and Praesidian’s stewardship, Reel Power has seen impressive growth and portfolio expansion into automated solutions. The leadership team, including Joe Henry, CEO of Reel Power, expressed gratitude to Mesirow for their instrumental guidance that helped realize a successful outcome with a partner sharing similar growth commitments.

StoneTree Investment Partners, known for its focus on established niche manufacturing companies, plans to support Reel Power’s ongoing success and future expansion strategy. Nathan Moeri, a Managing Director at Mesirow Investment Banking, stated that the growth of Reel Power in the automated solutions market under Dubin Clark and Praesidian's ownership has been remarkable.

Transaction Significance

The acquisition by StoneTree is anticipated to foster further development for Reel Power, as the new ownership mirrors the company’s vision for growth and innovation. Both Tom Caracciolo, Managing Partner at Dubin Clark, and Jason Drattell, Founder at Praesidian, expressed confidence in StoneTree’s ability to propel Reel Power into its next chapter.

This sale underscores Mesirow's reputation for successfully managing significant transactions within industrial technology, affirming its expertise in fostering strategic partnerships and its ability to navigate the complexities of acquisitions and mergers.

About Reel Power International Corp.

Reel Power stands out in the capital equipment sector, delivering unique material handling and control solutions tailored for industries including marine and energy. The company boasts of a solid reputation built over decades, supported by state-of-the-art facilities and a portfolio of innovative products. These include patented umbilical reels, drill line spoolers, and customized transfer coilers, making them a reliable partner for clients seeking efficiency and productivity in their operations.

About Mesirow

Founded in 1937 and headquartered in Chicago, Mesirow is dedicated to a client-focused approach to financial services. Its various divisions, including private capital and investment banking, highlight its capability to serve diverse financial needs while remaining committed to social good. The firm has been honored multiple times by Crain's Chicago Business as one of the Best Places to Work in the city, demonstrating its emphasis on a positive workplace culture.

Future Outlook

As Reel Power begins this new chapter with StoneTree, the industrial technology sector can expect to see further enhancements in innovation and productivity. With Mesirow's proven track record and expert knowledge, the future for Reel Power looks promising, poised for continued growth and success in the years to come.