Acquisition Announcement: TC/American Monorail Systems, Inc. Acquired by TC/American Crane Company
August 5, 2016
MINNEAPOLIS, MN – Quazar Capital Corporation (www.quazarcapital.com) is pleased to announce that their client, TC/American Monorail Systems, Inc., was acquired by TC/American Crane Company, a new entity formed by Stewart Capital Partners and Orion Financial Corp.
TC/American Monorail Systems, Inc. (www.tcamerican.com) is the industry leader in under-running crane and monorail systems utilizing “patented track” rail. A consolidation of Twin City Monorail, American Monorail and Spanmaster, the company has deep-rooted history dating back to the 1920’s.
Stewart Capital Partners (www.stewartcapitalpartners.com) focuses on the acquisition of private operating companies in specific industries. They seek Midwest based middle-market manufacturing, distribution and service companies with a focus on long term ownership.
Orion Financial Corp. (www.orionfinancial.com) acts as a principal by directly investing its funds in companies to support management in acquisitions, growth, and recapitalization. Founded in 1982, Orion has successfully invested in excess of 30 operating companies.
Quazar Capital Corporation is a Minnesota Investment Banking Firm with over 25 years of experience confidentially helping privately held companies with Mergers and Acquisitions, Recapitalizations, and Financial Advisory Services. Quazar specializes in transitioning companies with Revenues of $5 – $100 million and EBITDA of $2 – $10 million.