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AmeriCast Technologies Inc. Acquisition

SRZ represented Castle Harlan Partners IV LP and its affiliates in a $110 million secondary buyout of AmeriCast Technologies Inc., a leading U.S. manufacturer of large steel castings. The acquisition was made in concert with AmeriCast’s management as well as Bradken Operations Pty Ltd., an Australian steel products manufacturer and a former portfolio company of Castle Harlan’s Australian affiliate. The seller was another private equity firm, KPS Special Situation Funds. SRZ also counseled Castle Harlan on the transaction’s financing, which included a secured credit facility and high-yield bond offering that was overfunded to provide AmeriCast with the financial flexibility to pursue capital expenditures and potential add-on acquisitions.