Confluence Advises Ross International in Sale Transaction

Confluence Advisors, LLC (“Confluence”) served as the exclusive sell-side advisor to Ross Mould Group (“Ross”) in the sale of Ross Mould Hungary (“RMI”) and Ross Mould South Africa (“RSA”) to OMCO International (“OMCO”). Ross will continue to serve North and South America through Moldes Medellín (Colombia). Headquartered in Belgium, OMCO has over 1,900 employees that operate its mould shops and foundries across six countries.

Ross is a global producer of cast iron and bronze moulds and other equipment used in the manufacturing of glass containers for the food and beverage industry.

“The combination with OMCO brings together the world’s two largest glass mould manufacturers, a combination that will provide unrivaled service to the global customer base. The transaction was complicated, and Confluence was able to provide us valuable strategic direction and a terrific outcome." said Mark Ross, President and CEO.

Jim Moyle, Senior Managing Director of Ross added, “This international transaction rivaled much larger ones in terms of complexity and Confluence skillfully negotiated every turn. It was a true pleasure to work with the Confluence team.”

About Confluence Advisors

Confluence Advisors helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $2 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions.

Confluence Represents Kennametal, Inc. in the Sale of Its New Castle, Pennsylvania Operations.

Confluence Advisors, LLC (“Confluence”) acted as the exclusive sell-side advisor to Kennametal, Inc. (NYSE: KMT) (“Kennametal”) in the sale of its New Castle, PA operations, referred to as International Specialty Alloys (“ISA”) to Advanced Metallurgical Group, N.V. (AMS: AMG) (“AMG”).

ISA is a producer of select ultra-pure, premium-quality custom metal alloys and metal-alloy powders for use primarily in niche segments of the aerospace and energy industries. ISA has two primary divisions, aerospace and specialty metals. The aerospace division manufactures titanium master alloys that are ultimately used in the production of titanium components for the aerospace industry. The specialty metals division manufactures both infiltration and binary alloys used in the manufacture of drill bit bodies for the oil and gas industry.

About Kennametal, Inc.

Kennametal Inc. is a materials science, tooling and wear-resistant solutions company for the aerospace, earthworks, energy, general engineering and transportation industries. The company employs approximately 10,000 employees and has customers in more than 60 countries. Kennametal generated nearly $2.4 billion in revenues in fiscal 2019.

About Advanced Metallurgical Group, N.V.

AMG is a global critical materials company that produces highly engineered specialty metals and mineral products for the transportation, infrastructure, energy, and specialty metals & chemicals end markets. AMG Technologies produces titanium aluminides and titanium alloys. With approximately 3,300 employees, AMG operates globally with production facilities in Germany, throughout the world. AMG reported approximately $1.3 billion of revenue in fiscal 2018.

About Confluence Advisors, LLC

Confluence Advisors helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions.

Confluence Raises Senior Capital for TeleTracking Technologies, Inc. to Fund Growth

Confluence Advisors, LLC (“Confluence”) acted as the exclusive Investment Banker to TeleTracking Technologies, Inc. (“TeleTracking”) in the placement of senior debt financing which will enable the Company to fund growth.

TeleTracking is a SaaS business that develops and markets a range of healthcare information technology solutions to optimize clinical, financial and operational outcomes of hospitals and healthcare facilities. TeleTracking’s software solutions include products that facilitate and automate patient-flow and work-flow across the entire healthcare continuum. The company is a world leader in patient flow solutions and operates on the principle that no patient should ever have to wait for the care they need. The company’s software is being used in approximately 1,000 hospitals, health systems and clinics throughout North America.

Confluence solicited interest from a targeted list of both traditional banks and private credit groups. After receiving multiple term sheets, TeleTracking selected Huntington Bank as its partner for this next phase of growth. Confluence’s experience in running a competitive financing process resulted in a solution for TeleTracking that provided cost-efficient financing.

Confluence Advisors Represents Sterling Transport Co., Inc. in Sale Transaction

Confluence Advisors, LLC is pleased to announce that it advised Sterling Transport Co., Inc. (“Sterling”) in its sale to Grammer Industries, Inc., a portfolio company of Stellex Capital Management.

Sterling is a third-generation family-owned business founded by the Hinton family in 1939. The company has grown into an established transporter of hazardous and specialty chemicals and materials, serving customers in the Southeast, the Midwest, as well as the East Coast and states further West, including Texas.

The combined business will have 22 terminals, 350 tractors, 850 specialty trailers and over 500 drivers and owner-operators who will continue to support more than 2,000 delivery points serving over 500 customers.

“This is an exciting development for Sterling’s customers, drivers and its team of dedicated associates,” said Bart Middleton, CEO of Grammer. “As part of the Grammer family, Sterling will gain access to a broader set of resources which will enable the company to expand its service offering to its loyal customer base.”

Hugh Hinton, CEO of Sterling commented, “Confluence was outstanding to work with and we couldn’t have completed this transaction without their guidance, support and dedication. Their knowledge of the trucking industry, attention to detail and strategic advice was crucial to our success.”

About Sterling Transport Co., Inc.

Sterling Transport is a leading specialized tanker transportation company for liquid propane, liquid butane, natural gas liquids, dry bulk and asphalt markets. The Company serves over 250 customers in the Eastern, Southeastern, Midwestern and Southwestern United States, while recording over 90,000 deliveries and approximately 9 million billed miles annually.

About Grammer Industries, Inc.

Based in Columbus, Indiana, Grammer Industries was founded by Charles “Shorty” Whittington as a niche carrier servicing the agriculture industry by hauling anhydrous ammonia. The Company has grown steadily over time, adding new products and expanding its geographical base. Today, Grammer is the premier provider of bulk hazardous transportation services in the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success.

About Confluence Advisors, LLC

Confluence helps business owners maximize the sale of a business or non-core division, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions. The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.