Anderson Xbows????
07-28-2007, 06:37 PM
#1
Nontypical Buck
Thread Starter
Join Date: Feb 2006
Location: arkansas
Posts: 3,147
Anderson Xbows????
Thanks to Woody Williams for posting this on Excal, which is where I stole it, lol. Hang on to your Snortin Hortins!! lol.
Woody Williams
Joined: 09 Oct 2002
Posts: 5371
Posted: Sat Jul 28, 2007 6:23 pm Post subject: Anderson buys out Horton
[hr]
Not exactly sure what this means...
FOR IMMEDIATE RELEASE Contact: Cory Gaffney
Partner
The Anderson Group
(248) 645-8000
THE ANDERSON GROUP, LLC PARTNERS WITH EXISTING SHAREHOLDERS TO PURCHASE HORTON MANUFACTURING COMPANY, INC.
Bloomfield Hills, Michigan, February 2007 – The Anderson Group, LLC, a Bloomfield Hills, Michigan based operationally-focused private equity firm, today announced its investment in Horton Manufacturing Company,LLC. In consummating its investment in Horton, Anderson partnered with existing Horton shareholders to provide the company with growth capital to continue to strengthen the company’s market leadership position.
This is Anderson’s sixth new platform investment in the last twelve months.
Based in Tallmadge, Ohio, Horton Manufacturing Company is the world’s oldest and largest manufacturer of crossbows and crossbow accessories. Horton traces its history back to the 1960’s in Scotland when custom gun
builder and professional hunter, Bernard Horton, began commercial production of what would become the modern Horton crossbow.
As a result of its long history, superior design and exemplary customer service, Horton is the market leader in crossbows, both in terms of market share and brand recognition. Horton distributes its products worldwide through mass merchandisers, large specialty and niche sporting goods dealers.
Horton’s revenues have grown 20% over the last two years. This growth rate is expected to continue for the next decade as more states and providences throughout the US and Canada permit the use of crossbows. “Anderson’s investment in the Company is an exciting opportunity for Horton as it will provide the financial foundation on which to continue the growth of the company by offering industry-leading products to our customer base,” said Richard Szekelyi, Horton’s Chief Executive Officer. Cory Gaffney, an Anderson partner said “Anderson is extremely enthusiastic about our investment in Horton as we believe the company has an exciting future as a market leader in a growing segment of the sporting goods industry.
In the last two years alone, several states have expanded the use of crossbows for hunting and we expect this growth trend to continue.” Mark Bower, Horton’s Chief Operating Officer and an existing shareholder in the company, remarked “We, as Horton shareholders, are very excited about partnering with The Anderson group as we believe Anderson’s operational expertise, resources and strategic guidance will facilitate the continued growth of the Horton brand while, at the same time, maintaining our industry-leading customer service and long-lasting retail partnerships.”
About The Anderson Group Headquartered in Bloomfield Hills, Michigan, The Anderson Group is an operationally-focused private investment company specializing in acquiring and managing manufacturing, distribution and service businesses at the lower end of the middle market. With over 70 years of cumulative investment experience, and offices in both the united States and China, Anderson principals generally target two types of transactions: turnaround opportunities or special situations investments. In turnaround transactions, Anderson targets good businesses that are experiencing financial difficulties that can be addressed with a comprehensive plan that typically involves the restructuring of a company’s liabilities.
Special situation investments consist of opportunities either where smaller, neglected divisions of larger companies seek to break away from their corporate parents or where current ownership is seeking liquidity but a the same time is desirous of maintaining a substantial equity stake in the business after sale.
For more information about The Anderson Group please go to
www.andersongroup.biz.
_________________
Woody Williams
Joined: 09 Oct 2002
Posts: 5371
Posted: Sat Jul 28, 2007 6:23 pm Post subject: Anderson buys out Horton [hr]
Not exactly sure what this means...
FOR IMMEDIATE RELEASE Contact: Cory Gaffney
Partner
The Anderson Group
(248) 645-8000
THE ANDERSON GROUP, LLC PARTNERS WITH EXISTING SHAREHOLDERS TO PURCHASE HORTON MANUFACTURING COMPANY, INC.
Bloomfield Hills, Michigan, February 2007 – The Anderson Group, LLC, a Bloomfield Hills, Michigan based operationally-focused private equity firm, today announced its investment in Horton Manufacturing Company,LLC. In consummating its investment in Horton, Anderson partnered with existing Horton shareholders to provide the company with growth capital to continue to strengthen the company’s market leadership position.
This is Anderson’s sixth new platform investment in the last twelve months.
Based in Tallmadge, Ohio, Horton Manufacturing Company is the world’s oldest and largest manufacturer of crossbows and crossbow accessories. Horton traces its history back to the 1960’s in Scotland when custom gun
builder and professional hunter, Bernard Horton, began commercial production of what would become the modern Horton crossbow.
As a result of its long history, superior design and exemplary customer service, Horton is the market leader in crossbows, both in terms of market share and brand recognition. Horton distributes its products worldwide through mass merchandisers, large specialty and niche sporting goods dealers.
Horton’s revenues have grown 20% over the last two years. This growth rate is expected to continue for the next decade as more states and providences throughout the US and Canada permit the use of crossbows. “Anderson’s investment in the Company is an exciting opportunity for Horton as it will provide the financial foundation on which to continue the growth of the company by offering industry-leading products to our customer base,” said Richard Szekelyi, Horton’s Chief Executive Officer. Cory Gaffney, an Anderson partner said “Anderson is extremely enthusiastic about our investment in Horton as we believe the company has an exciting future as a market leader in a growing segment of the sporting goods industry.
In the last two years alone, several states have expanded the use of crossbows for hunting and we expect this growth trend to continue.” Mark Bower, Horton’s Chief Operating Officer and an existing shareholder in the company, remarked “We, as Horton shareholders, are very excited about partnering with The Anderson group as we believe Anderson’s operational expertise, resources and strategic guidance will facilitate the continued growth of the Horton brand while, at the same time, maintaining our industry-leading customer service and long-lasting retail partnerships.”
About The Anderson Group Headquartered in Bloomfield Hills, Michigan, The Anderson Group is an operationally-focused private investment company specializing in acquiring and managing manufacturing, distribution and service businesses at the lower end of the middle market. With over 70 years of cumulative investment experience, and offices in both the united States and China, Anderson principals generally target two types of transactions: turnaround opportunities or special situations investments. In turnaround transactions, Anderson targets good businesses that are experiencing financial difficulties that can be addressed with a comprehensive plan that typically involves the restructuring of a company’s liabilities.
Special situation investments consist of opportunities either where smaller, neglected divisions of larger companies seek to break away from their corporate parents or where current ownership is seeking liquidity but a the same time is desirous of maintaining a substantial equity stake in the business after sale.
For more information about The Anderson Group please go to
www.andersongroup.biz.
_________________
