Mezzanine Debt and Equity to Support Acquisition of Red Head Brass
F.N.B. Capital Partners (“FNBCP”) has partnered with D’Orazio Capital Partners, LLC (“DCP”) to acquire RHB Acquisition, LLC (“Red Head Brass” or the “Company”). The management team, led by CEO Tim Lautermilch, have also become shareholders. Based in Shreve, OH, the Company is the largest manufacturer of couplings and fittings for the domestic firefighting market. Bill Kaczynski of DCP led the transaction while FNBCP provided mezzanine debt and an equity investment. FirstMerit Bank provided the senior financing. Clark Hill PLC served as legal adviser to FNBCP.
Founded in 1972, Red Head Brass is the largest manufacturer of couplings and fittings for the domestic firefighting market. The Company’s products are also utilized in industrial and oil & gas applications including water transportation to and from hydraulic fracturing wells and “big water” applications such as nuclear power, refinery fire suppression, and emergency water distribution. Red Head Brass is proud to label all of its manufactured products “Made in the USA” as it is a key indicator of quality and consistency in an industry where product safety is of critical importance. For more information, visit: www.redheadbrass.com.
Red Head Brass is our 19th investment since the fund was launched in August 2013. We are excited to partner with another company based in Ohio which is a core area of focus for FNBCP. Tim Lautermilch and the management team are solid operators who remain poised to take the Company to new heights. The management team invested in the transaction alongside DCP and FNBCP. The FNBCP team enjoyed working with Bill Kaczynski of DCP on the transaction. We look forward to working with Bill and his team on this deal and by partnering with them on mezzanine debt and/or equity deals in the future.