Duramax Marine, LLC.

Duramax Marine, LLC. logo

Company Background:

Duramax Marine, LLC is a manufacturer and worldwide distributor of fluid lubricated bearings, heat exchangers, fender protection systems, and rudder and propeller shaft sealing design solutions for the commercial, military, and pleasure marine industries.

Services Provided:

Capital Structuring

Situation

The company’s shareholder sought a liquidity event to diversify his personal net worth tied to the business.

Transaction Overview

Candlewood Partners advised the company and its shareholders through a previous transaction and led the strategic evaluation of possible liquidity alternatives ranging from the sale to an ESOP to the sale to strategic and financial buyers. After evaluating these alternatives, the shareholder of Duramax Marine, LLC chose to sell an equity interest in the company to an entity owned by Duramax Marine Employee Stock Ownership Plan. The transaction closed at a fair market valuation and allowed the exiting shareholder to obtain his stated liquidity objectives.

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Candlewood Partners, LLC

Established 2001

Cleveland Office: (216) 472-6660

600 Superior Ave. East, Suite 1800

Cleveland, OH 44114

New York Office: (212) 655-9310

477 Madison Avenue, Suite 600

New York, 10022

Securities offered through Candlewood Securities LLC, Member FINRA, Member SIPC and the affiliated broker-dealer of Candlewood Partners LLC. Broker Check

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