CIBC CLEARY GULL ADVISES TRANSHIELD, INC., A PORTFOLIO COMPANY OF ANCOR CAPITAL PARTNERS AND MIDWEST MEZZANINE FUNDS, ON ITS SALE TO PATRICK INDUSTRIES, INC.
Milwaukee, Wisconsin, January 15, 2023 – CIBC Cleary Gull is pleased to announce that its client Transhield, Inc. (“Transhield” or the “Company”) has been acquired by Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick”). CIBC Cleary Gull acted as exclusive financial advisor to Transhield in this transaction.
Transhield’s management team, led by CEO Jim Glick, will continue to lead the business and support the Company’s OEM customers alongside Patrick. Mr. Glick commented, “We look forward to partnering with Patrick and are energized by the growth opportunities that Patrick and Transhield can pursue together, including the expansion of our market presence and leveraging Patrick’s footprint to further develop our aftermarket channel — all while maintaining our brand identity and strong industry relationships.”