COSTA MESA, Calif., May 11, 2006 (PRIMEZONE) -- DBI Capital LLC and EFM Capital Partners have completed a majority recapitalization of Pro-Motion Distributing Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction and acted as the exclusive financial advisor to Pro-Motion Distributing Inc.
"DBI and EFM Capital Partners were interested in Pro-Motion because of its extensive product lines, strong customer relationships and its dominance in the western United States," said Randy Krauthamer, managing director of the RSM EquiCo Capital Markets.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private companies with annual revenues of up to $500 million. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. RSM EquiCo Capital Markets LLC is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
RSM EquiCo Capital Markets is a subsidiary of RSM EquiCo Inc., a financial services firm affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
RSM EquiCo's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York, London and Coral Springs, Fla.
About Pro-Motion Distributing Inc.
Founded in 1989, Pro-Motion distributes a diverse line of automotive aftermarket performance products from over 50 vendors, including Advanced Engine Management, A'PEXi, HKS, Eibach Springs, DC Sports and Sparco Motor Sports. The company's product line includes under-hood performance parts, exhaust systems, suspension products, electronics, and various other parts and accessories. Pro-Motion, which employs 24 people and operates out of a 35,000 square-foot warehouse and office facility in City of Industry, Calif., maintains over 3,800 active customer accounts, primarily boutique aftermarket retailers and automotive dealerships.
About DBI Capital LLC
DBI Capital is a private equity firm that invests in or acquires smaller middle-market companies, principally located in Southern California, with enterprise values ranging between $5 million and $15 million. DBI generally commits capital to investments in management buyouts and recapitalizations transactions.
About EFM Capital Partners
EFM Capital Partners makes private equity investments to facilitate privately held, owner-operated businesses transition into professional and institutionalized growth platforms. EFM focuses on southern California-based businesses with revenues and EBITDA up to $25 million and $5 million, respectively.
RSM EquiCo is a tradename for RSM EquiCo, Inc. and its subsidiaries, which include: RSM EquiCo Capital Markets, LLC (broker-dealer licensed by the SEC and member NASD, SIPC), RSM EquiCo Canada, Inc. (limited market dealer registered with the Ontario Securities Commission) and EquiCo Europe Limited (authorised and regulated by the Financial Services Authority). RSM EquiCo, Inc. and its subsidiaries are wholly owned subsidiaries of H&R Block.