US Steel Processor

Company Background:

Our client is a manufacturer and marketer of mechanical steel tubing.

Services Provided:

Valuation & Fairness Opinions

Situation

The senior lenders to the company were seeking a third-party, professional opinion of value for tax calculation purposes.

Transaction Overview

Candlewood Partners was engaged to deliver an enterprise valuation of the company’s assets. Candlewood performed a significant amount of financial and market diligence, including the following: reviewed ten years of historical and six years of projected operational performance, held various discussions with senior company management, analyzed historical results of the company’s competitors and evaluated macroeconomic industry trends over the relevant performance period.

Following Candlewood’s analysis of the above information, it concluded that the cyclicality of the steel industry rendered traditional valuation techniques insufficient for the valuation of the company. Through substantial analysis directed by Candlewood’s two Managing Directors, it arrived at a blend of traditional and non-traditional valuation techniques that incorporated the unique aspects of the company’s historical financial performance.

Most importantly, Candlewood prioritized the client’s timing needs and issued a final valuation report in less than six weeks from the date of engagement.

Have a question for the deal team?

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

© 2020 Candlewood Partners | Privacy Policy