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Ames True Temper Sale
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SRZ represented Ames True Temper, Inc., the leading North American manufacturer and global marketer of non-powered lawn and garden accessories and a portfolio company of Castle Harlan Partners IV, LP, in the sale to Griffon Corp., a diversified management and holding company based in New York. The $542 million sale closed on Sept. 30, 2010. Castle Harlan Partners IV, LP had purchased the company earlier from Wind Point Partners for $400 million. SRZ also handled this matter, advising Castle Harlan Partners on financing for the transaction, which consisted of a senior secured credit facility and a $150 million high yield bond offering, as well as a significant equity rollover by Ames management.
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