Copper Run Vice President Mike Bendokaitis Pens Article for Carrier Management
Copper Run Vice President Mike Bendokaitis authored a thought leadership piece for the insurance trade publication Carrier Management. Mike's article, "Why M&A is Booming in the P/C Insurance Space," was prominently featured on the publication's website and in its newsletter.
The full article is available here.
Copper Run Advises ProSites on Acquisition of LifeLearn Animal Health
Murrieta, CA - July 2021
Copper Run is pleased to announce that ProSites®, a leading provider of marketing technology solutions for local business owners, has acquired LifeLearn Animal Health. LifeLearn provides marketing, customer communication and education solutions for veterinary practices and key industry partners throughout North America.
Andy Hays, Tim Brady, Kevin Schwab served as buy-side advisors to ProSites®
The full announcement is available here.
Copper Run Promotes Tony Lima to VP
Columbus, OH - July 2021
Mr. Tony Lima is a Vice President at Copper Run assisting with client services and business development. Prior to Copper Run, Mr. Lima was an Associate Partner working for a private investment partnership called Stadion Capital Partners. Mr. Lima was responsible for sourcing investment opportunities in the middle market, conducting research, establishing and developing relationships with business owners, generating and managing prospective investment data, and providing the legal due diligence on transactions. Before that, Mr. Lima worked as an M&A Corporate Attorney for Isaac Wiles and has experience providing the legal due diligence for large middle market companies.
Tony is a licensed attorney, having earned his Juris Doctorate from Michigan State University College of Law. Mr. Tony holds a B.A. in English with a Business Minor from The Ohio State University. Tony has also passed the Level I of the CFA Exam.
Copper Run Welcomes VP Mike Bendokaitis
Columbus, OH - July 2021
Mr. Michael Bendokaitis is a Vice President at Copper Run. He has extensive experience providing advisory services for both public and private companies across various industries.
Previously, he served as Director of Corporate Development and Strategy for Root Insurance, where he led organic and inorganic growth strategies for the hyper-growth startup. Prior to Root, he was an Engagement Manager with KPMG Consulting providing advisory services for companies in the healthcare & life sciences, oil & gas, and technology industries.
Mike holds a B.B.A. in Management Information Systems, Marketing, and Management from Ohio University and a M.B.A. from the Fuqua School of Business at Duke University.
Copper Run Names Jason Stevens COO
Columbus, OH - July 2021
Mr. Stevens is Chief Operating Officer and a Partner of Copper Run. In this capacity he oversees all core corporate functions and processes, putting the right people and systems in place to best serve our clients and execute our growth strategies.
Prior to his current role, Jason served as a Managing Director focused on energy and natural resources at Copper Run. His operational and financial management experience includes launching an energy startup, Eureka Oil and Gas; a decade of experience at Morningstar, where he served as director of energy equity research; and a stint at property-casualty insurer Zurich North America, where he worked in corporate financial planning.
Mr. Stevens holds a B.A. in Liberal Arts from St. John’s College, a Master of International Management in Finance from the Thunderbird School of Global Management and an M.B.A from the University of Houston. He is an avid reader, with particular interest in philosophy, history and ecology, and a dedicated distance runner.
Copper Run Welcomes VP Kaity Templin
Columbus, OH - July 2021
Ms. Templin is a Vice President at Copper Run and focuses on client services and business development. Ms. Templin previously served as the Business Development Manager at EHS Support, an environmental consulting firm, where she was responsible for growing the merger and acquisition due diligence practice and private equity client base.
Prior to EHS Support, Ms. Templin was an Analyst at Sperry, Mitchell & Co., a New York-based sell-side merger and acquisition advisory firm focused on middle market transactions across a wide range of industries. Kaity's responsibilities included financial modeling, valuation preparation, selling material creation, and due diligence management.
Kaity holds a B.A. in Economics from Washington & Jefferson College with Financial and Entrepreneurial Studies concentrations.
Copper Run Advises Interstate Fire Protection on Sale to North Haven Capital
Portland, Maine - July 2021
Copper Run is pleased to announce that North Haven Capital (NHC), a private investment firm based in Portland, Maine has acquired New England-based Interstate Fire Protection (IFP).
Scott Chapman, Michael Shaw, and Tony Lima served as sell-side advisors to IFP.
The full announcement is available here.
Copper Run Advises HCTec on Acquisition of Talon Healthy IT Services
Brentwood, TN - July 2021
Copper Run is pleased to announce that HCTec, an award-winning, best-in-class IT services firm serving diverse health systems and healthcare provider organizations, has completed an acquisition of Talon Healthy IT Services, a managed IT solutions company with service centers in North Carolina and Wisconsin.
Scott Chapman, Michael Shaw, Tony Lima, and Tyler Brady served as buy-side advisors to HCTec.
The full announcement is available here.
Copper Run Advises MUM Industries on Acquisition of EMF Company
Mentor, OH - July 2021
Copper Run is pleased to announce that MUM Industries added The EMF Company (EMF) as a new brand in its growing portfolio of enclosures.
Scott Chapman, Michael Shaw, Matt Roberts, and Brandon Kelly served as buy-side advisors to MUM Industries.
The full announcement is available here.
Copper Run Advises Westwater on Sale
Columbus, OH - July 2021
Copper Run is pleased to announce that Westwater Supply Corp. has been acquired by a private investor.
Tim Brady and Andy Hays served as sell-side advisors to Westwater.
Copper Run Advises Talent Inc. on Acquisition of Imkey Holding
New York, NY - June 2021
Copper Run is pleased to announce that Talent Inc. (“Talent”), the leading digital resource and trusted advisor to job seekers worldwide, acquired Imkey Holding B.V. (“Imkey”), a global subscription-based platform for online resume-building.
Michael Shaw, Jason Kraynak, and Brandon Kelly served as buy-side advisors to Talent.
The full announcement is available here.
Jason Kraynak's Commentary Featured in Axial Trade Publication
Columbus, OH - June 2021
Copper Run Vice President Jason Kraynak's commentary has been featured on the middle market M&A website Axial.
In Jason's contributed article, he discusses the ways buyers can stand out in an extremely competitive M&A environment.
The full article is available here.
Copper Run Welcomes New Associate
Columbus, OH - June 2021
Mr. Eric Vannatta has joined Copper Run as an Associate assisting with advisory services and business development.
Prior to joining Copper Run in April 2021, Eric worked in wealth management and was an Associate on J.P. Morgan's Securities Based Lending team, supporting the Private Bank. At J.P. Morgan, Eric was responsible for collaborating with bankers, investors, and lending advisors to provide marketable secured credit facilities that met the needs of J.P. Morgan's family office and high net worth individual clients.
Eric holds a B.A. in Economics from DePauw University, where he was a member of the men's tennis team. Eric has met all requirements of the CFP Board and is a CFP® professional. In his free time, Eric loves to be outside and enjoys spending time playing tennis, golfing, and fly-fishing.
Copper Run Advises Riverside's CertaSite on Acquisition of Marine Fire Sales & Service
Indianapolis, IN - May 2021
Copper Run is pleased to announce that The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Marine Fire Sales & Service, Inc. (Marine).
Based in Toledo, Ohio, Marine provides inspection, repair, and maintenance services for existing fire and line safety systems as well as installation services for new construction and retrofits. The investment is an add-on to Riverside's CertaSite platform, a fire and life safety platform that is committed to the highest levels of customer service, responsiveness, building safety, and code compliance.
In addition to Marine, CertaSite has invested in 11 fire protection and life safety companies and is actively engaged in bringing new businesses under the CertaSite umbrella.
"With well-regarded technical experience and capabilities, Marine is an ideal partner for CertaSite," said Riverside Partner John McKernan. "Looking ahead, we plan to invest in sales & marketing resources and improve technician utilization through the use of technology and training."
Copper run's Michael Shaw, Scott Chapman, and Ryan Wilson served as buy-side advisors to CertaSite.
Copper Run Advises Rockbridge on Acquisition of Radon Be Gone
Detroit, MI - April 2021
Copper Run is pleased to announce that Rockbridge Growth Equity has acquired Columbus-based Rado Be Gone Inc. This marks the Detroit-based private equity firm's second addition of a radon testing and mitigation company to its new clean air and water treatment home services provider platform, RB Home Services.
Radon Be Gone's co-owners have a combined 36 years of experience in the radon field and will maintain their roles as principals and operators for Radon Be Gone, as Rockbridge works to extend the platform to similarly vetted and certified service providers nationwide. Radon Be Gone's proven success in central Ohio made the company an ideal early addition to the RB Home Services platform.
"Radon Be Gone is a proven industry leader in central Ohio and we are excited to help them expand their customer base," said Steve Linden, Partner at Rockbridge Growth Equity. "We feel very fortunate to have brought another high-quality service provider into the RB Homes Services Platform."
Copper Run's Andy Hays, Tim Brady, and Kevin Schwab served as buy-side advisors to Rockbridge.
Shawn Byerly Featured in Skyline Chili Commercial
Cincinnati, OH - April 2021
Copper Run Managing Director by day, Skyline Chili enthusiast by night - Our very own Shawn Byerly was featured with his family in a Skyline Chili commercial. Watch. Enjoy. And order some Skyline!
View the commercial here.
Copper Run Advises Jefferson Gas on Midstream Asset Sale
Winchester, KY - February 2021
Copper Run is pleased to announce the completion of Jefferson Gas LLC's divestiture of its Kentucky midstream gas gathering and transmission system to East Kentucky Midstream LLC. Copper Run served as sole sell-side advisor to Jefferson Gas.
Pat McGonagle, president of Jefferson Gas, said "Our goal was to fully divest our Kentucky operations. Copper Run, and Jason Stevens in particular, was instrumental to the success of our sale process, going well beyond expectations to find buyers and steadfastly negotiate on our behalf."
Michael Shaw's Commentary Featured in Axial Trade Publication
Columbus, OH - March 2021
Copper Run Partner and Managing Director Michael Shaw's commentary has been featured on the middle market M&A website Axial.
In Michael's contributed article, he discusses the evolution of EdTech and why it will continue to be an attractive opportunity beyond COVID-19.
The full article is available here.
Copper Run Advises Dickinson Fleet Services on Acquisition of Diesel Minnesota
Indianapolis, IN - February 2021
Copper Run is pleased to announce that Dickinson Fleet Services (DFS) has acquired Diesel Minnesota (DMI) of St. Paul, Minn., serving to expand the geographic reach of DFS.
DMI marks Dickinson’s 11th acquisition since 2017. Under the ownership of Cox Automotive, DFS continues to pursue additional acquisition targets across North America.
Copper Run's Michael Shaw, Tony Lima, Scott Chapman, and Tyler Brady served as buy side advisors to Dickinson Fleet Services.
Copper Run Advises BV Portfolio Company SchoolMint on Acquisition of Whetstone
Lafayette, LA - February 2021
Copper Run is pleased to announce that SchoolMint, the leading provider of Strategic Enrollment Management and Hero positive behavior products for K-12 education, has completed the acquisition of Whetstone Education. The combined companies will now be supporting 11 million students and over 18,000 schools.
Copper Run's Kevin Schwab, Michael Shaw, Scott Chapman, and Tim Brady served as buy side advisors to SchoolMint, a portfolio company of BV Investment Partners.
Copper Run Advises Ryan on Acquisition of TCF Services
Dallas, TX - February 2021
Copper Run is pleased to announce that it has assisted Ryan, a leading global tax services and software provider, in its acquisition of TCF Services (TCF), a leading Research and Development (R&D) tax incentive and government grants consulting firm in Australia.
The acquisition expands Ryan’s international market position and service offering in Australia for companies engaged in R&D activities and adds significant relationships to Ryan’s client portfolio.
Copper Run's Michael Shaw, Tony Lima, Scott Chapman, and Joe Ludwig served as buy side advisors to Ryan.
Copper Run Advises CertaSite on Acquisition of Great Lakes Fire & Safety Equipment
Alpena, MI - February 2021
Copper Run is pleased to announce that CertaSite has acquired Great Lakes Fire & Safety Equipment, a family-owned business in Alpena, Michigan.
This is CertaSite's sixth acquisition in Michigan and expands CertaSite's service territory into the Upper Peninsula. CertaSite already has acquired 11 fire protection and life safety companies and is actively engaged in bringing new businesses under the CertaSite umbrella.
Copper Run's Scott Chapman, Michael Shaw, and Ryan Wilson served as buy side advisors to CertaSite.
Copper Run Advises PSI on Acquisition of Carter's Fire Sprinkler Maintenance & Piping
Portland, OR - February 2021
Copper Run is pleased to announce that Performance Systems Integration (PSI) has acquired Carter’s Fire Sprinkler Maintenance & Piping, Inc., a fire sprinkler service provider based in Lebanon, Oregon.
Carter’s is the fourth addition to the PSI platform and contributes to the development of PSI’s presence in the Oregon market. PSI plans to continue its expansion in acquiring additional fire protection companies in the future, to grow its geographical presence pursuant to the company’s mission of helping protect lives and property.
Copper Run's Michael Shaw, Scott Chapman, and Ryan Wilson served as buy side advisors to PSI.
Copper Run's Michael Shaw and Kevin Schwab Partner with Kegler Brown on M&A Outlook
Columbus, OH - February 2021
Copper Run's Michael Shaw and Kevin Schwab have partnered with Aaron Weir and Eric Duffee of the law firm Kegler Brown Hill + Ritter on a 2021 M&A Outlook report. Highlights of the report include:
2021 will likely see a higher volume of deal activity, particularly for businesses and investors in the middle market.
Businesses that weathered COVID-19 and adapted are likely to see increased valuations as investors look for proven business models.
Policy changes in the Biden administration, particularly those affecting capital gains and corporate tax, will play a large part in deal structuring in 2021.
Look for a concerted focus on distressed deals, alternative M+A models, and interest in businesses with strong ESG platforms as the economy continues to evolve.
The full report is available here.
Andy Hays Featured in Virtual Roundtable Discussing M&A Activity in 2021
Columbus, OH - January 2021
Copper Run President and Co-Founder Andy Hays has been featured in a virtual roundtable discussion on M&A Activity in 2021.
The roundtable, "M&A Activity in 2021 + How It Will Be Different" was moderated by Randy Gerber and featured commentary from Andy, Steve Barsotti, and Thomas Pampush. They discussed how M&A has changed, deal closing during these uncertain times, and strategic opportunities that lie ahead.
The full video is available here.
Copper Run Announces New Hires and Promotions
Columbus, OH - January 2021
Copper Run is pleased to announce new hires and promotions to start the year.
Sarah Maye Myers
Sarah Maye Myers is Copper Run's Office Manager at our Columbus headquarters. As overseer of HQ office operations, Sarah Maye coordinates meetings, organizes internal and outreach events, assists the team with client work, manages the interns, keeps the company’s social media and branding relevant and up-to-date, and handles anything and everything else that might come up in the office.
Sarah Maye graduated from The Ohio State University with a B.S. in Design. Prior to joining the Copper Run team, she has had a diverse work and leadership background in administrative management, non-profits, dance, retail, ministry, graphic design, and the restaurant industry.
A Southeast Michigan native, Sarah Maye loves to be outdoors with her friends, family, and her dog named Hugo. She is thrilled to work for a company that is professional, well-connected, driven, engaged, and fun. She is looking forward to being able to use her leadership and creative skills at Copper Run all while personally developing deeper roots in the Columbus area.
Mr. Shreyans Bafna is an Analyst at Copper Run assisting with advisory services, industry research, and financial modeling. Following his senior year of college, he worked as an investment banking intern at Physician Growth Partners, a boutique investment bank. Mr. Bafna helped advise leading independent specialty physician practices on private equity transactions. Mr. Bafna previously worked in equity research at Cleveland Research, conducting research in the rideshare industry and writing research reports on the sector to many hedge funds. During college, Shreyans was the President of the Ohio State table tennis team, and an active participant in the Fisher School of Business. He previously advanced to the final round of the National Investment
Banking Competition, representing Ohio State in a case competition against students from other elite universities.
Shreyans holds a B.S.B.A in Finance and a minor in Economics from The Ohio State University,
graduating cum laude. In his free time, he is an avid Cleveland sports fan and has traveled to over 35 countries.
Matt Roberts has been promoted to the position of Director.
Ryan Wilson has been promoted to the position of Vice President.
Jonathan Anderson has been promoted to the position of Senior Analyst.
Kevin Schwab has been promoted to the position of Associate.
Copper Run Assists ABARTA Oil & Gas with Divestitures of Conventional Oil & Gas Assets
Pittsburgh, PA - January 2021
Copper Run is pleased to announce that ABARTA Oil & Gas Co., LLC, also known as ABARTA Energy, has divested conventional oil and gas assets in separate transactions to Minard Run Oil Co. and Beta Helix Energy LLC. Terms of the sales were not disclosed.
The two transactions provided ABARTA with an exit to its conventional operations in West Virginia and the sale of its primary non-operated conventional asset in Pennsylvania. Copper Run served as advisor in both transactions and continues to work with the ABARTA Energy team to fully divest its remaining oil and gas operations. Copper Run's Jason Stevens and Joe Ludwig served as sell side advisors to ABARTA on the deals.
“Jason Stevens and the Copper Run team earned our thanks in this process. Copper Run was able to bring new prospective buyers to the table in a well-structured sales process, and has been instrumental in quarterbacking both deals,” said John Emmerling, COO and VP of ABARTA Energy.
Copper Run Assists Rockbridge with Acquisition of Radon Treatment Company, Creation of Home Services Platform
Detroit, MI - January 2021
Copper Run is pleased to announce that Rockbridge Growth Equity, a Detroit-based private equity firm, has acquired RAdata, the first and largest radon testing and treatment business in the state of New Jersey.
RAdata represents the first in a planned consortium of strategic acquisitions for Rockbridge, with the aim of creating a national home services provider platform focused on clean air and water for the home. Rockbridge is building the platform with advisory services from Copper Run's Tim Brady and Kevin Schwab.
As a regional leader in radon mitigation and water treatment, RAdata has built a reliable and user-friendly platform to take the stress out of environmental safety management and compliance, particularly for realtors and homeowners seeking to eliminate air and water issues to facilitate the sale of a property. Rockbridge seeks to build upon the company’s success and develop a national home services platform from which property owners, real estate professionals and home inspectors across the country can find trusted service providers to tackle common environmental safety issues. This national platform, tentatively named RB Home Services, will focus on providing homeowners with a variety of services related to maintaining clean air and water in their homes.
“The team at RAdata has developed an extraordinary platform and an excellent business model, and we’re excited to build upon that foundation. Radon mitigation and water treatment are vital services, particularly for people on either side of a real estate transaction, but the markets for service providers are highly fragmented,” said Steve Linden, Partner at Rockbridge Growth Equity. “We are creating a one-stop shop where anyone can easily find quality service and peace of mind. RAdata was carefully selected by Rockbridge as the ideal initial platform company for this build-out after a year-long search in the industry.”
Rockbridge’s investment philosophy is driven by accelerating growth for companies with unique service and technology in emerging markets, and views RAdata as a foundational component for a game-changing home services platform. RB Home Services will feature vetted, well-trained and certified local service providers, best-in-class customer service, and centralized information around clean air and water in commercial and residential properties.
Andy Hays Featured on Conquering Columbus Podcast
Columbus, OH - January 2021
Copper Run President and Co-founder Andy Hays was a featured guest on Conquering Columbus, a podcast about leadership and entrepreneurship in Columbus.
Andy discusses his personal background, the creation and growth of Copper Run, and a variety of other topics with the Conquering Columbus hosts.
The full episode is available here.
Michael Shaw's Commentary Featured in Axial Trade Publication
Columbus, OH - November 2020
Copper Run Partner and Managing Director Michael Shaw's commentary has been featured in Axial, a respected trade publication among deal professionals.
In an article authored by Michael, he discusses the use of roll-up strategies and their importance during Covid-19.
The full article is available here.
CenterOak Partners Creates Platform by Investing in Leading Collision Repair Company
Columbus, Ohio - November 2020
Copper Run is pleased to announce that CollisionRight, a leading regional provider of auto body collision repair services with 20 facilities located in Ohio, Kentucky, and Michigan, has acquired an undisclosed collision repair company in Columbus.
Copper Run sourced the proprietary opportunity for CollisionRight, a portfolio company of CenterOak Partners, a Dallas-based private equity firm with a focus on making control-oriented investments in middle market companies. In addition to the undisclosed acquisition, Copper Run discovered numerous other acquisition opportunities for CollisionRight including some of which are currently being pursued further. Scott Chapman, Kevin Schwab, Tyler Brady, and Brandon Kelly helped lead CollisionRight in its acquisition.
"Special thanks to Scott Chapman and the Copper Run team for all their hard work in helping us put this platform together. We're excited to work with Copper Run to continue to source and build this company over time," said CollisionRight CEO Rich Harrison.
Copper Run advises Rockbridge Growth Equity on acquisition of Adtech Company
Detroit, Michigan - October 2020
Copper Run is pleased to announce it has assisted Rockbridge Growth Equity in its acquisition of an undisclosed advertising technology company. Rockbridge Growth Equity is a middle market private equity firm based in Detroit and established by Dan Gilbert, Founder of Quicken Loans. Andy Hays, Tim Brady, and Kevin Schwab helped lead Rockbridge in its acquisition.
Steve Linden, Rockbridge Partner, commented, “Andy, Tim, and Kevin were trusted partners and exceeded our expectations throughout the process. We look forward to continuing to work with the Copper Run team!" With the acquisition, Rockbridge has successfully expanded its portfolio of companies and continued focus on the Adtech sector.
Copper Run advises CertaSite on Starfire acquisitions
Indianapolis, Indiana - October 2020
Copper Run is pleased to announce that CertaSite, a portfolio company of The Riverside Company, has acquired Starfire Systems and Starfire Extinguisher, a family-owned business in Franklin, Wisconsin. Copper Run served as the buy side advisor to CertaSite.
The acquisition is CertaSite’s first in Wisconsin. In addition to Starfire Systems and Starfire Extinguisher Company, CertaSite already has acquired ten fire protection and life safety companies under the CertaSite umbrella. Michael Shaw, Scott Chapman, and Ryan Wilson helped lead CertaSite in its acquisition.
Copper Run assists Optometric Management Group on acquisition of medical practice
Columbus, Ohio - October 2020
Copper Run is pleased to announce that Optometric Management Group, a central Ohio based optometry network, has acquired Dr. Michael Schmit’s practice.
OMG was able to acquire Dr. Schmit’s practice at a fair value with an advantageous structure since no other buyer was competing with OMG. This acquisition also presents OMG with new opportunities for expansion in the Cincinnati market, where OMG previously had no presence. In addition to the Dr. Schmit acquisition, Copper Run discovered or executed on numerous other acquisition opportunities for OMG, most of which are being pursued further. Scott Chapman, Kevin Schwab, and Brandon Kelly helped lead OMG in its acquisition.
"We are so excited about the formation of OMG. We welcome Dr. Schmit's team into the OMG family. We could not have accomplished this without the assistance of Copper Run. Scott and Kevin did an amazing job for us and we look forward to working with them on future deals," said Dr. Tim Fries, CEO, OMG.
Copper Run serves as buy side advisor for C.F. Stinson's acquisition of Anzea Textiles
Rochester Hills, Michigan - September 2020
C.F. Stinson, a leading resource for commercial textiles for nearly 70 years, announced it has acquired Anzea Textiles, a Fort Worth-based contract fabric company known for leading edge colors, bold designs, and high performance textiles. Anzea will remain as a separate brand of C.F. Stinson, and the company will maintain its operations and facilities. Copper Run’s Michael Shaw and Scott Chapman assisted C.F. Stinson in the acquisition.
“Thanks go to Michael Shaw and the Copper Run team for creating and managing our pipeline of targets and ultimately making this introduction. Without them, we might have missed this opportunity,” said Keith Stinson, President of C.F. Stinson, LLC.
Andy Hays' commentary featured in Mergers & Acquisitions trade publication
Columbus, OH - September 2020
Copper Run President Andy Hays has been featured in Mergers & Acquisitions, a respected trade publication among deal professionals.
In an article authored by Andy, he discusses the use of earnouts in M&A deals and their importance during Covid-19.
The full article is available here.
Copper Run advises Tecta America on the acquisition of Pro-Tec Roofing
Watertown, South Dakota - August 2020
Copper Run is pleased to announce it has assisted Tecta America, a leading national commercial roofing company, in its acquisition of Pro-Tec Roofing. Scott Chapman, Michael Shaw, and Ryan Wilson helped lead Tecta in its acquisition of Pro-Tec.
Pro-Tec Roofing and Sheet Metal was established in 1987 in Watertown, South Dakota, and is a full-service commercial roofing company providing a variety of roofing and roof asset management services to customers across South Dakota, North Dakota, and western Minnesota. The operation will be known as Pro-Tec Roofing and Sheet Metal, a Tecta America Company LLC, and their entire management team and workforce will continue with Tecta America going forward.
"We are very excited to have Pro-Tec Roofing and Sheet Metal become part of our team. With the addition of Pro-Tec Roofing, we will be able to expand our area of coverage to provide quality roofing services to customers in our region," said Jon Ziebarth, president of ARS, a Tecta America Company LLC.
Copper Run advises CertaSite on the acquisition of Advanced Fire Company
Greensburg, Pennsylvania - August 2020
Copper Run is pleased to announce it has assisted CertaSite, a leading fire and life safety business backed by The Riverside Company, in its acquisition of Advanced Fire Company located in Greensburg, Pennsylvania, near Pittsburgh. Scott Chapman, Michael Shaw, and Ryan Wilson led CertaSite in its acquisition of Advanced Fire.
Founded in 1991, Advanced Fire has grown to provide full fire and life safety services including fire extinguisher, controlled access systems, alarms and security, fire sprinkler, industrial suppression systems, and commercial kitchen. The acquisition of Advanced Fire allows CertaSite to continue growing its western Pennsylvania and eastern Ohio presence.
This is CertaSite's ninth acquisition, growing to 13 locations and over 300 employees across Ohio, Pennsylvania, Michigan, Indiana, Illinois, and Iowa.
Copper Run President Andy Hays Hosts "M&A Market Update" for ACG Columbus
Ohio - August 2020
Copper Run President Andy Hays recently led a webinar presentation on the status of M&A for members of the Association for Corporate Growth Columbus Chapter. Andy, who serves as President for ACG Columbus, was joined by Keith Bishop of Stonehenge Partners. They discussed the ways COVID-19, the recession, and government relief programs are shaping the dealmaking landscape.
The full M&A Market Update webinar can be viewed here.
A PDF of the presentation is available here.
Copper Run advises Keller Logistics Group on the Acquisition of Cincinnati Co-Packing & Warehousing
Ohio - May 2020
Copper Run is pleased to announce that Keller Logistics Group (“Keller Logistics” or the “Company”) has acquired Cincinnati Co-Packing & Warehousing (“CCW”). Copper Run served as the exclusive buy side advisor to Keller Logistics. CCW is a leading supply chain solution and distribution company that offers warehousing, transportation, contract packaging, and other value-added services in the greater Cincinnati and Northern Kentucky area.
Keller Logistics is a proud family-owned, Midwestern company who is committed to satisfying its customers’ unique needs. Founded in 1978 and headquartered in Defiance, Ohio, Keller Logistics has grown from a trucking company to an asset-based 3PL total solutions provider. The Company has locations in six states and is supported by its affiliates: Keller Freight Solutions, Keller Trucking, Keller Warehousing & Distribution, and Keller Packaging. Keller Logistics has three decades of expertise in the logistics and supply chain industries.
The transaction was led by Scott Chapman and Michael Shaw for Copper Run.
Copper Run completes acquisition for PE Backed insurance roll-up client
California - April 2020
Copper Run is pleased to announce that a private equity backed client, that is one of the largest insurance brokerage holding companies in the U.S. and who wishes to remain anonymous, has acquired a California based insurance brokerage to further build out its West coast footprint. Copper Run served as the exclusive buy side advisor and sourced and helped execute the transaction. The transaction was led by Andy Hays, Tim Brady and Jonathan Anderson for Copper Run.
Copper Run Advises Performance Systems Integration on the Acquisition of Advance Fire Extinguisher Company
Ohio - March 2020
Copper Run is pleased to announce that Performance Systems Integration (“PSI” or the “Company”), a portfolio company of The Riverside Company, has acquired Advance Fire Extinguisher Company (“Advance”). Copper Run served as the buy side advisor to PSI and Riverside. This represents the first acquisition that Copper Run has advised PSI and Riverside on as the Company continues its roll-up strategy.
Performance Systems Integration (PSI) is a leading provider of Fire & Life Safety services in the Pacific Northwest which has been in operation since 2002 and are based in Portland, Oregon with a branch office in Bothell, Washington. The Company provide the Pacific Northwest with “single-point-of-management” compliance services and solutions for their clients’ fire protection and life safety needs. The transaction was led by Scott Chapman, Michael Shaw and Ryan Wilson for Copper Run.
Copper Run Advises CertaSite on the Acquisition of ABC Fire Extinguisher Co.
Ohio - March 2020
Copper Run is pleased to announce that CertaSite (“CertaSite” or the “Company”), a portfolio company of The Riverside Company, has acquired Youngstown, Ohio based ABC Fire Extinguisher Co. (“ABC”). Copper Run served as the buy side advisor to CertaSite. This represents the seventh acquisition for the CertaSite platform as the Company continues its roll-up strategy.
CertaSite is a new commercial fire protection and life safety company that provides the highest levels of customer service, responsiveness, building safety and code compliance to customers across the country. The company goes beyond compliance, focusing on partnerships and professionalism while providing customers a simplified and dependable solution to managing all of the fire protection and life safety systems in commercial buildings. ABC Fire Extinguisher will be now be a CertaSite company but will continue with the legacy brand in the local market that everyone has come to know as part of the acquisition. The transaction was led by Scott Chapman, Michael Shaw and Ryan Wilson for Copper Run.
Copper Run Advises Beaumont Metal Works
Columbus, OH - February 2020
Copper Run is pleased to announce that Beaumont Metal Works, Inc. (“Beaumont” or the “Company”), has been acquired by a private investor. Copper Run served as the exclusive sell side advisor to Beaumont.
“The successful sale of Beaumont Metal Works, Inc. was a result of the great work of Copper Run,” said Rob Frink, Owner of Beaumont. “Their experience, knowledge, and resources produced an outcome that was above our initial expectations including a smooth sale and transition. Jason Kraynak was instrumental in leading and managing the process. Well done Copper Run!”
Beaumont Metal Works, headquartered in Columbus, OH, is a leading manufacturer of industrial belt grinders. Beaumont grinders are utilized by custom knife makers, fabricators, artists, and others who require grinding and finishing machinery. For more information, please visit www.beaumontmetalworks.com.
Andy Hays Elected President of ACG Columbus
Columbus, OH - February 2020
Copper Run is pleased to announce that Andy Hays has been elected President of the Association for Corporate Growth Columbus Chapter. Andy is also a founding member of the chapter.
Andy is the President and co-founder of Copper Run and oversees all client services and group operations. He has extensive experience in investment banking, accounting and consulting. Andy has worked with hundreds of separate companies, both public and private, on various successful engagements.
ACG Columbus is one of 59 chapters of the Association for Corporate Growth, Inc. whose goal is to promote the growth and development of middle market businesses for the benefit of their communities. Learn more at ACG Columbus here: www.acg.com/columbus.
Columbus, OH - January 2020
Copper Run advised a national supplier of maintenance, repair, and operations supplies on its acquisition of a custom fastener manufacturer and distributor.
Copper Run Mentioned in News Release
Columbus, OH - January 2020
You can read Capital Partners’ news release here.
Matt Roberts Quoted in Smart Business Article
Cleveland, OH - January 2020
Copper Run Vice President, Matt Roberts, was interviewed as part of an online article for Smart Business. You can read the article here: 2020 Forecast: What To Expect For The Year In Dealmaking In Cleveland
Copper Run Advises R&D Coatings on its sale to Universal Woods
Pittsburgh, PA - January 2020
Copper Run is pleased to announce that R&D Coatings, which operates in Pittsburgh, Pennsylvania has been acquired by Universal Woods, LLC, a portfolio company of Capital Partners. Copper Run served as the exclusive sell-side advisor to R&D Coatings. The Copper Run team consisted of Andy Hays, Matt Roberts and Jonathan Anderson.
“Copper Run did a great job representing R&D Coatings,” said Buster Weinzerl, President of R&D Coatings. “Matt’s daily monitoring and coordinating was phenomenal.Copper Run helped us to achieve a conclusion that was more than what we had originally expected.We made a very good decision when we chose Copper Run for this project. Copper Run's counsel, guidance, advice and hard work were invaluable and key to completing this transaction. Know that we will certainly be an advocate of Copper Run when given the chance.”
Andy Hays, President and Managing Director of Copper Run said, "We are excited to have worked with R&D Coatings, Universal Woods, and Capital Partners on a successful transaction. Capital Partners is a superb partner to help the combined Universal Woods and R&D Coatings sustain continued growth in the coming years and we look forward to watching the company further establish its position as a leader in the UV and EB finishes market."
R&D Coatings is a leading coatings manufacturer that specializes in the formulation, development and manufacturing of UV and EB curable finishes. R&D Coatings' finishes serve a variety of commercial industrial coating applications in a multitude of industries. For more information, please visit www.rdcoatings.com.
Universal Woods is the world’s leading manufacturer of hard-surface coated substrates for image sublimation and mezzanine decking. Originally founded in 1970 and headquartered in Louisville, Kentucky, UW (www.universalwoods.com) designs, manufactures and distributes highly-engineered sublimation products that offer a premium image quality and long-lasting durability for applications in the professional photography and consumer gift markets, and performance-engineered flooring panels for heavy wear applications in multi-level distribution centers, warehouses, and self-storage facilities.
Copper Run Advises NYTIS Exploration on Divestiture of Certain West Virginia Oil & Gas Assets
Lexington, KY - December 2019
Copper Run is pleased to announce that it has assisted NYTIS Exploration (USA) Inc., a Lexington, KY-based oil & gas exploration and production company and subsidiary of Carbon Energy Corporation, in its divestiture of certain producing oil & gas assets in West Virginia to an undisclosed buyer. Jason Stevens led the engagement, and Copper Run served as NYTIS’ exclusive advisor on the transaction.
“Copper Run ran a smooth sale process that enabled NYTIS to achieve its divestiture goal,” said Carbon Energy President Mark Pierce. “We appreciate the technical and financial expertise demonstrated by the Copper Run team.”
Carbon Energy Corporation (CRBO:OTC) is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas in Appalachia and California.
Two New Hires in Columbus
Columbus, OH - December 2019
Copper Run is excited to announce we’ve added two new team members to our Columbus office: Joe Ludwig and Kevin Schwab.
Mr. Joe Ludwig serves as Senior Analyst at Copper Run. Joe previously worked at ComStock Advisors, a national valuation and advisory firm. He provided valuation and transaction advisory services related to privately held businesses, ranging from $1.0 million to $5.0 billion in value, specifically for: employee stock ownership plans (ESOPs), mergers and acquisitions, gift and estate planning, and complex securities. Noteworthy industry experience included financial services, professional services, manufacturing, engineering, construction, healthcare, and distribution. Joe graduated from Xavier University, where he earned his Bachelor’s in Business Administration. He is currently a Chartered Financial Analyst (CFA) Level III Candidate. Joe is the treasurer, as well as a board member, of the Hyde Park Tennis Club. He also is involved with the Young Association for Corporate Growth, the ESOP Association and the CFA Society.
Mr. Kevin Schwab serves as Senior Analyst at Copper Run. Prior to Copper Run, Kevin spent time working on M&A deals for two national consolidators in the veterinary industry. Most recently he held the position of Senior Manager of Growth & Partnerships at Veterinary Emergency Group in New York, and before that he was a M&A Business Development Associate at MedVet in Columbus. During his time in the veterinary industry, Kevin led and assisted M&A activities including sourcing deals, market research, financial modeling, valuation and due diligence. He also spent time at Bank of America working on buy-side acquisition financing for healthcare companies. Mr. Schwab received his B.S.B.A. in Finance with a specialization in Investments from The Ohio State University.
Copper Run Advises Forge Lumber on its sale to U.S. LBM
Cincinnati, OH - October 2019
Copper Run is pleased to announce that Forge Lumber, which operates in Cincinnati, Ohio and Erlanger, KY, has been acquired by US LBM Holdings, LLC. Copper Run served as the exclusive sell-side advisor to Forge Lumber.
“Copper Run did a great job in helping us find the best partner for Forge,” said John Steinman, President of Forge Lumber. “Andy and Jason were instrumental in connecting us with strategic companies, and their expertise guided us all the way through to the deal closing. US LBM has a tremendous reputation and resources that will help Forge continue to grow in the Greater Cincinnati area.”
Forge Lumber is a leading building materials supplier and construction subcontractor that services residential and commercial builders in the tri-state area surrounding Cincinnati, Ohio. Forge Lumber distributes building materials, manufactures custom floor and roof trusses, and operates a mill that builds pre-assembled doors and custom stairs. The Company also provides full-service installation and framing services to residential and commercial builders in the region. For more information, please visit www.forgelumber.com.
US LBM is a leading distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit www.uslbm.com.
Copper Run assists Riverside with formation of its CertaSite platform
Columbus, OH - July 2019
Copper Run is pleased to announce it has assisted The Riverside Company, a global private equity firm, in the forming of CertaSite, a fire and life safety platform company. Scott Chapman, Michael Shaw and Ryan Wilson helped lead Riverside in the formation of the platform and its acquisitions.
To date, Copper Run has helped Riverside and CertaSite grow through five acquisitions across the Great Lakes region including County Fire Protection, Company One, Approved Protection Systems, Field’s Fire Protection, and Spears Fire and Safety Services. These five acquisitions encompass 11 locations and over 80 technicians across Ohio, Michigan, Pennsylvania, Illinois, and Iowa. Copper Run will continue to seek additional add-on's for CertaSite.
"The Riverside team greatly appreciates all the hard work and dedication of Scott, Michael and Ryan,” said Riverside Partner Alan Peyrat. “The Copper Run team has been an instrumental partner to Riverside in creating and growing our CertaSite platform. Copper Run is continuing to help execute our add-on strategy, and we look forward to continuing our growth with their team."
About The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 600 investments. The firm's international private equity and structured capital portfolios include more than 90 companies.
See Riverside’s press release here: Riverside Forms Latest Portfolio Company CertaSite.
CertaSite is a commercial fire and life safety company focused firmly on the customer. With a thoughtful streamlined, solutions-driven approach, CertaSite’s team of experts and consultants are delivering a higher level of safety and compliance standards that also gives precious time back to our customers.
See more about CertaSite.
Andy Hays mentioned in Columbus Business First
Columbus, OH - June 2019
Copper Run President, Andy Hays, was mentioned in the print edition of the Columbus Business first. The article, titled, “M&A: It’s good to be the big fish” features acquiring companies sharing their strategies and financial reasons for buying.
Andy Hays and Shawn Byerly mentioned in Columbus Business First and Cincinnati Business Courier
Columbus, OH - June 2019
Copper Run president, Andy Hays, and managing director, Shawn Byerly, were mentioned in the Columbus Business First online and print. The same article was also ran in the Cincinnati Business Courier online.
Read the Columbus article here:
Read the Cincinnati article here:
New Addition in Cincinnati
Cincinnati, OH - June 2019
Copper Run is proud to announce our new hire, Shawn Byerly, who has joined our Cincinnati office as Managing Director. Shawn previously served as Managing Director of Business Development at First Financial Bank where he focused on providing structured cash flow financing for financial buyers including private equity groups, independent sponsors, and family offices.
“We are very excited to add Shawn to Copper Run and our growing Cincinnati office,” said Copper Run President, Andy Hays. “Shawn’s extensive ties in the Cincinnati market and his ability to close transactions will be a great addition for Copper Run.”
Shawn has experience in financing leveraged buyouts, bolt-on acquisitions, dividend recapitalizations, generational transitions, and growth initiatives.
Copper Run Launches Blog
Columbus, OH - May 2019
On May 10, Copper Run launched their blog and published their first blog post. The first published piece titled “Why Work with a Buy-side Advisor?” is written by Copper Run Managing Director, Michael Shaw. You can read the post here.
Copper Run collabs with Kegler Brown on Article
Columbus, OH - April 2019
Some deals die, but why? The online article titled “Potential Deal Killers”, cowritten by Michael Shaw of Copper Run and Eric Duffee of Kegler Brown Hill + Ritter, looks at some potential deal killers and how to avoid them. The article is part of the monthly series “The Anatomy of Deal” that is written by Duffee. You can read the article here.
Copper Run Advises Screen Machine on its Acquisition of Diamond Z
Etna, OH - March 2019
Copper Run is pleased to announce that Screen Machine Industries LLC, of Etna, Ohio, has acquired Diamond Z of Caldwell, Idaho. Copper Run acted as the exclusive buy-side advisor to Screen Machine Industries. Copper Run presented Diamond Z as a proprietary deal as part of its buy side process.
"Crane is excited to grow Screen Machine with a complementary business located in a new geography," said Chad Utrup, CFO of Crane Group and Board Member of Screen Machine Industries. "This acquisition is a great example of our commitment to growing all of the Crane Group companies both organically and through an acquisition plan."
The partnership — Screen Machine in crushing and screening, Diamond Z in chipping and grinding — enables both companies to service the growing need for mobile equipment across a number of industries.
"Andy, Jason, and their team exceeded our expectations both from a deal flow and an organizational standpoint. We look forward to working with Copper Run again in the future,” Chad said.
Copper Run Assists Greylock Energy in Asset Sale
Charleston, WV - March 2019
Copper Run is pleased to announce the successful sale of certain non-core Montana oil and gas assets operated by Greylock Energy, LLC to an undisclosed buyer. This transaction, which closed in March, allows Greylock to focus 100% on its core Appalachian footprint. Greylock is a portfolio company of ArcLight Capital Partners, LLC.
"Copper Run was able to find a buyer and negotiate a successful deal structure for this asset in a tough market. We appreciate their efforts and professionalism," said Kyle Mork, CEO of Greylock Energy. Copper Run served as the exclusive sell-side advisor in this transaction. Jason Stevens and Brian Hoskins of Copper Run helped lead Greylock in completing the transaction.
Columbus New Hire at Copper Run
Columbus, OH - March 2019
Copper Run is pleased to announce that Tim Brady has joined our Columbus team as Vice President. Tim previously served as Vice President on the JPMorgan Middle Market Commercial Banking Technology Group in Los Angeles and San Francisco where he assisted technology companies with financing ranging from $1 million to $550 million, private placements, IPOs, international expansion, and automating payments and receivables. Prior to joining the technology team, Tim was an Analyst on the JPMorgan Chase Middle Market team in Columbus. Mr. Brady is a Registered Investment Banking Representative and holds the FINRA Series 79 & 63 registrations.
Copper Run Expands to Cleveland
Cleveland, OH - February 2019 (Written by Jeremy Nobile)
Columbus-based investment bank Copper Run is branching out to Northeast Ohio with a new office in Independence. The new M&A advisory office — located in Park Center Plaza at 6100 Oak Tree Blvd., Suite 200 — is led by vice president Matthew Roberts, who recently joined the firm from MelCap Partners.
Roberts is a one-man show right now, but the plan is to build out the business from here.
He will be responsible for sourcing and executing deals with a primary focus on middle-market companies. The industries of focus include manufacturing, business services, energy and health care. "(Roberts) will ensure Copper Run continues to serve the businesses of Northeast Ohio, now with local operations to support growing deal flow with a level of partnership our clients have come to expect," Copper Run president and co-founder Andy Hays said in a statement.
Prior to MelCap, Roberts worked at China Centric Associates, Bowled Solutions Corp., First Federal of Lakewood, Lytkowski & Co. and Bank of New York Mellon.
Founded in 2008, Copper Run now has about 15 employees with a combined $11 billion in transaction experience, according to the firm. It also recently opened an office in Cincinnati.
Copper Run New Hire in Cleveland
Cleveland, OH - January 2019
We are happy to announce Matthew Roberts has joined our team as Vice President. For the first time, Copper Run will have an office based in Cleveland, OH. Matt focuses his time on serving companies in business services, distribution and manufacturing sectors. Matt previously served as a Vice President at MelCap Partners, a boutique investment banking firm where he was responsible for leading transactions, business development, and overseeing the marketing of the firm.
“We are excited to have Matt join the Copper Run team,” said co-founder and president, Andy Hays. “He will ensure Copper Run continues to serve the businesses of northeast Ohio, now with local operations to support growing deal flow with a level of partnership our clients have come to expect.”
Matt is a Registered Investment Banking Representative and holds the FINRA 79 and 63 registrations. He received a bachelor’s degree in accounting from Robert Morris University and an MBA from Cleveland State University. Matt is a board member of the Association for Corporate Growth – Cleveland Chapter serving in various capacities.
Copper Run New Hire
Cincinnati, OH - December 2018
Copper Run is pleased to announce that Joshua Stewart has joined our team as a Senior Associate and will be based in the Cincinnati market. "One of our goals for 2018 was to add a team member in the Cincinnati market," said Scott Chapman. "We're excited to welcome Mr. Stewart to our team and are confident that he'll accomplish great things in the Cincinnati market."
Copper Run advises APO on its acquisition of PAPSCO
Hudson, OH - December 2018
Copper Run, a premier middle market investment bank, is pleased to announce APO Pumps & Compressors ("APO") acquired PAPSCO Filtration ("PAPSCO"). The acquisition allows for APO to continue its growth strategy of adding similar industrial distribution and service companies throughout Ohio to its portfolio. Michael Shaw, Scott Chapman, and Ryan Wilson helped lead APO in sourcing and completing the proprietary transaction.
Founded in 1975, PAPSCO is an Ohio-based rep and distributor of filtration and separation equipment for process fluids and water and wastewater treatment. PAPSCO supplies processes and products to the steel, chemical, automotive, metalworking, and food industries. For more information on PAPSCO, please visit: www.papsco.com.
Founded in 1967, APO is a professional sales, service, and rental organization that has been supplying quality compressed air and pump equipment to industrial users. APO has grown to become the leading compressed air and pump sales and service organization in the state of Ohio. For more information on APO, please visit: www.apopc.com.
Copper Run advises Tecta America on its acquisition of Roof Services Corporation
Chicago, IL - December 2018
Copper Run announces Tecta America's acquisition of Roof Services Corporation. The Virginia Beach, VA based business will operate as Roof Services, a Tecta America Company LLC. The transaction was led by Scott Chapman, Michael Shaw and Ryan Wilson.
“We are thrilled to welcome the addition of Roof Services Corp to the Tecta family. We are especially excited to bring John Babcock, Gary Rogacki and the rest of the management and the highly regarded workforce of Roof Services into Tecta. The reputation of the Roof Services team is excellent and we look forward to working with all of them”, said Mark Santacrose, Tecta’s President and CEO.
This is the fourth proprietary deal Copper Run has sourced and closed for Tecta. Copper Run is proud to continue helping Tecta grow across the U.S. through additional acquisitions.
Tecta America now has over 70 locations and 3,000 employees from coast to coast who take pride in offering world-class roofing services. To learn more about Tecta America, please visit: www.tectaamerica.com
Copper Run advises Tecta America on its acquisition of Roofing Services & Solutions
St. Louis, MO - November 2018
Copper Run is pleased to announce that Tecta America ("Tecta"), the national leader in commercial roofing, has acquired Roofing Services & Solutions ("RSS"), a roofing business based in St. Louis, MO. Copper Run served as the exclusive buy-side advisor to Tecta America on this transaction. The transaction was led by Scott Chapman, Michael Shaw, and Ryan Wilson.
"We are thrilled to welcome the addition of RSS to the Tecta family," said Mark Santacrose, Tecta's President and CEO.
"We look forward to continuing to provide roofing services at the highest level to all of our customers and to continue to invest in our people with Tecta's support," said Joe Lauberth, President of RSS.
"We're excited to continue helping Tecta grow its platform through attractive proprietary deal flow," commented Michael Shaw, Partner and Managing Director of Copper Run.
Copper Run advises Kenton Investment Group on its acquisition of Benchmark Industrial Supply Co.
Springfield, OH - November 2018
Copper Run is pleased to announce that it has served as the exclusive buy-side advisor to Kenton Investment Group ("Kenton") in its purchase of the assets of Benchmark Industrial Supply, LLC ("Benchmark"). The transaction closed November 2018 and was led by Andy Hays and Jason Kraynak at Copper Run.
"Copper Run did a fantastic job assisting Kenton in finding acquisition targets, including Benchmark Industrial. We are confident this transaction was a win/win for both parties and we greatly appreciate Andy, Jason, and their team's assistance. We plan on working with Copper Run again." commented the Managing Partner of Kenton Investment Group.
"We had a great time working with Kenton on this search and successful close", commented Andy Hays, President & Co-Founder of Copper Run. "It's always a pleasure assisting growing businesses accomplish their goals."
How an investment firm started in the Great Recession grew into a success
Koorsen Fire & Security Acquires Gracie Fire Protection
Columbus, OH - October 2018
Koorsen Fire & Security has acquired Gracie Fire Protection (Columbus, OH). This is an exciting addition to Koorsen's Columbus, OH operations.
Led by Tim and Jeff Ruzicka, Gracie has been providing the highest quality fire protection products and services to customers throughout Central Ohio. Koorsen looks forward to continuing this dedication to the highest customer service and commitment toward meeting and exceeding industry standards.
Copper Run identified and advised Koorsen on the proprietary acquisition. Scott Chapman, co-founding partner said "We are excited for the Koorsen and Gracie Fire Protection teams - this allows Koorsen to grow in Columbus and bring over a great team from Gracie."
EXCLUSIVE: Copper Run looking to launch Cincinnati operation
By Steve Watkins – Staff Reporter, Cincinnati Business Courier
Copper Run Capital, one of the largest investment banking firms in Ohio, is looking for someone to be based in Cincinnati and find local deals, Copper Run president Andy Hays told me. Eventually he’d like to establish a local office with two or three people based here.
“We’d like to have boots on the ground there,” Hays said. “It’s helpful to have people in the market who know the attorneys and accountants.”
Copper Run represents buyers and sellers in mergers and acquisitions. It also advises companies in distress or in turnaround situations, as well as providing employee stock ownership plan and business valuation advisory services.
The company is a decade old, Hays said. It has done slightly more than 110 deals in that span, working largely with midsized companies.
A few of those deals have been in Greater Cincinnati. Copper Run worked with a local family office to help it buy a company. It advised PK Controls in its sale to Ohio Transmission. And it advised commercial roofing company Tecta America in its acquisition of Bri-Den Co. in Ashland, Ky.
Copper Run wants to hire someone in Greater Cincinnati within the next month or two, Hays said.
“The opportunity there is certainly good,” he said.
Hays called the investment banking market in Cincinnati “underserved,” as it is in Columbus and Indianapolis. Copper Run, with 15 employees, will likely expand to Indianapolis next, he said.
Cincinnati has several investment banking firms advising companies on acquisitions, including Silverstone Capital Advisors, RKCA, ArkMalibu, Hilliard Lyons and VonLehman CPA & Advisory Firm.
Copper Run's move to new office profiled in Columbus Business First
Columbus, OH - August 2018
Read the Columbus Business First article here.
Worthington Industries and Palmer Manufacturing & Tank
Columbus, OH - August 2018
Copper Run, a premier middle market investment bank, is pleased to announce Worthington Industries' (NYSE: WOR) sale of its Western U.S. tank manufacturing operations to Palmer Mfg & Tank ("Palmer"). The operations were a part of Worthington's subsidiary, Westerman, Inc. Westerman is one of the leading steel and fiberglass large tank manufacturers serving the oil and gas and agriculture markets. The transaction, led by Andy Hays, Jason Kraynak, and Brian Hoskins, is another marquee transaction for Copper Run.
"This transaction further demonstrates Copper Run's expertise in the manufacturing and oil and gas space," said Andy Hays, president of Copper Run. "It was a pleasure working with Worthington and Palmer and we believe this was a true win-win for both parties."
Worthington Industries is a leading diversified metal manufacturer with a focus on the Golden Rule, valued employees, stability and innovation. For more information on Worthington Industries, please visit www.worthingtonindustries.com.
Black's Spring & Truck Service, Inc.
Columbus, OH - July 2018
Copper Run, a premier middle-market investment bank, is pleased to announce the sale of Black's Spring & Alignment (“Black's Spring”) in its sale to Truck Service, Inc. (“Truck Service”). Terms of the transaction were not disclosed. Andy Hays, Mike Cole, and Jason Kraynak helped lead the Black's Spring deal team. Black's Spring, headquartered in Zanesville, Ohio, offers local and national manufacturing and service in the heavy equipment leaf springs industry.
Cap City Dental Lab and Evolution Capital Partners
Columbus, OH - July 2018
Copper Run, a premier middle-market investment bank, is pleased to announce the sale of Cap City Dental Lab ("Cap City") to Evolution Capital Partners ("Evolution").
"We appreciate the dedication and guidance provided by Copper Run throughout the entire transaction process," said Chris Pendry, President and Co-Owner of Cap City. "We have been looking to bring on a growth partner while providing the owners a chance to mostly exit the business. Ultimately with Copper Run's assistance we were able to close a transaction at a top price and found a great partner in Evolution for our employees and Cap City. Copper Run's counsel, guidance, advice, and hard work were invaluable and key to completing this transaction." Andy Hays and Jason Kraynak helped lead the Cap City deal team.
Cap City provides dentists, dental organizations, and other dental labs with exceptional and consistent quality laboratory products at an affordable price. Products are delivered in a timely and efficient manner to enhance the patient experience. Headquartered in Columbus, Ohio, the Company has a wide ranging geographic coverage area with customers throughout the United States. For more information on Cap City, please visit its website at www.capcitydentallab.com.
Copper Run New Hires
Columbus, OH - July 2018
Copper Run is pleased to announce the following new hires:
Tony Lima has joined Copper Run as a Senior Associate. Mr. Lima previously served as an Associate Partner with Stadion Capital. He has a bachelor's degree from Ohio State, a law degree from Michigan State, and has passed the Chartered Financial Analyst (CFA) Level 1 exam.
Jonathan Anderson has joined Copper Run as an Analyst. Mr. Anderson previously worked as an investment banking intern. He has a bachelor's degree from Hillsdale College.
"We would like to welcome Tony and Jonathan to our firm. We are very excited to add folks with their experience and energy to Copper Run," said Andy Hays, President and Co-Founder of Copper Run.
Morales Group & Continental Staffing
Indianapolis, IN - April 2018
Copper Run is pleased to announce that Morales Group Inc. ("Morales Group"), a leading family-owned and operated regional staffing and recruitment agency, has acquired Continental Inc. ("Continental" or the "Company"), a provider of staffing and hiring solutions focused on central Indiana. For more information on Continental, please visit their website at www.continentalinc.com.
This Continental acquisition is a continuation of the regional growth for Morales Group and will provide expanded service offerings in northern Indiana including performance-based workforce solutions and workforce development initiatives. "This allows us to service a new market and vertical as a company. We are thrilled to offer more opportunities for our associates and the employers that we partner with," Tom Morales, CEO, Morales Group.
Morales Group was founded in 2003 and is passionate about delivering a purposeful staffing experience. With headquarters in Indianapolis and seven additional offices throughout Indiana and Kentucky, the Morales Group team has successfully placed more than 50,000 associates in temporary, temporary to perm, and direct hire placements. For more information on Morales Group, please visit their website at www.moralesgroup.net.
Tecta America & Bri-Den Roofing
Rosemont, IL - April 2018
Copper Run is pleased to announce that Tecta America ("Tecta"), the leading commercial roofing company in the United States, has acquired The Bri-Den Company, Inc. ("Bri-Den" or "Company"), a commercial roofing company based in Ashland and Berea, Kentucky.
"This is an exciting time for us, and we look forward to being a part of the Tecta America team. With Tecta's support we can add to our capacity and geographic presence, allowing us to offer the highest level of service to customers in our region," said R. Brian Morrison., CEO, and owner, Bri-Den Co., Inc.
"We are looking forward to working with the Morrisons, their management team, and workforce as part of Tecta. The Bri-Den organization, along with our existing Cincinnati, Dayton, Columbus, Tiffin and Louisville operations, adds to Tecta's already strong regional presence," said Mark Santacrose, Tecta's President, and CEO.
Copper Run served as the exclusive buy-side advisor for Tecta led by Scott Chapman, Michael Shaw, and Ryan Wilson at Copper Run. This is the fourth deal Copper Run has closed with Tecta as they continue to assist Tecta in achieving its growth strategies.
TechnaGlass & CenterOak
Sandy, UT - March 2018
Copper Run is pleased to announce that TechnaGlass, Inc. ("TechnaGlass" or the "Company") was acquired by Dallas-based private equity firm, CenterOak Partners LLC ("CenterOak").
Copper Run served as the exclusive sell-side advisor for TechnaGlass led by Scott Chapman, Michael Shaw, and Ryan Wilson at Copper Run.
TechnaGlass, founded in 1991 and headquartered in Utah, specializes in auto glass repair and replacement across the United States with a market focus throughout Southwest United States. Rich Harrison, President of TechnaGlass, had the following comments regarding the transaction: "Copper Run played a critical role in the growth story at TechnaGlass which led to our partnering with CenterOak. This was the right move for our team and management has rolled significant equity into the new company. We are excited about the growth potential and energy the company has. Thank you to Scott and the Copper Run team." For additional information, please visit www.technaglass.com.
Copper Run 2018 Promotions and New Hires
Columbus, OH - January 2018
After a strong 2017, Copper Run is pleased to announce the following promotions and new hires:
Jason Stevens has been promoted to Managing Director and Partner. Mr. Stevens heads up Copper Run's Energy Group. Jason Kraynak has been promoted to Vice President. Ryan Wilson has been promoted to Associate. Copper Run is also pleased to announce David Currier and Brian Hoskins have joined as Associates.
Copper Run Advises NGO Development Corporation in its sale of conventional oil & gas assets to Diversified Gas & Oil
Columbus, OH - December 2017
NGO Development Corporation, Inc., a subsidiary of Licking Rural Electrification, Inc. d/b/a The Energy Cooperative ("NGO" or the "Company") announced that they have entered into a definitive agreement with Diversified Gas & Oil PLC ("Diversified"; AIM: DGOC) to sell certain conventional producing assets in Ohio. The transaction closed November 30, 2017. The transaction was led by Andy Hays and Jason Stevens at Copper Run.
The package includes 550 wells producing approximately 1.3 MMcfe/d net natural gas, with the core production located in Coshocton and Tuscarawas Counties in Ohio. The sale also includes the related gathering systems and conventional acreage.
Todd Ware, President and CEO of NGO, stated: "This transaction further executed The Energy Cooperative's commitment to improve its future financial position, while allowing it to focus on its core assets. This continued focus will strengthen the Cooperative's mission to provide safe, reliable and affordable energy to its members in Central Ohio."
Jason Stevens, Director of Energy Advisory at Copper Run, adds "The advent of the Utica shale has changed the economics for Ohio producers. We are pleased to help The Energy Cooperative realize its strategic goals."
Copper Run Advises Tecta America on its Acquisition of Architectural Roofing & Sheetmetal
Rosemont, IL - November 2017
Tecta America ("Tecta" or the "Company") announced that they have entered into a definitive agreement to acquire Architectural Roofing and Sheetmetal ("ARS"). The new company will operate as ARS, a Tecta America Company LLC.
ARS, founded in 1989, is a commercial roofing company servicing the Sioux Falls, South Dakota region including parts of Minnesota, Iowa, and Nebraska. Jon Ziebarth, President and Owner of ARS, had the following comments regarding the transaction: "We are excited about becoming a part of the Tecta America team and the potential of ARS moving forward with the support of Tecta. We look forward to continuing to provide roofing and sheet metal services at the highest level to all of our customers in the region." Jon and his entire management team and workforce will continue with ARS as part of Tecta going forward.
Tecta, the leading commercial roofing company in the United States, had the following to add regarding the transaction: "We are very excited to welcome ARS to the Tecta family. We believe that Jon Ziebarth and the rest of his terrific team share the same values of providing our customers with great service while providing our people with a safe, rewarding, and challenging environment. Copper Run was diligent throughout the process in acknowledging the criteria we set forth and identifying a strategic fit that expanded our operations into a new market." said Mark Santacrose, Tecta's President and CEO.
Copper Run served as the exclusive buy-side advisor for Tecta led by Scott Chapman, Michael Shaw, and Ryan Wilson at Copper Run.
Copper Run Advises PK Controls in its Sale to Ohio Transmission Corporation
Plain City, OH - November 2017
Copper Run is pleased to announce that Ohio Transmission Corporation ("OTC"), one of the largest industrial service providers and distributors in the country, has acquired PK Controls ("PKC" or "Company"), a turnkey industrial system integrator based in Plain City, Ohio. For more information on PKC, please visit their website at www.pkcontrols.com. The transaction was led by Scott Chapman and Michael Shaw at Copper Run.
On working with Copper Run, Matt Patel, President of PKC, said "Copper Run ran a very thorough process from start to finish. They impressed me with their ability to present the opportunity to potential buyers and generate multiple offers. I believe they understood exactly what we were looking from a potential buyer. Ultimately, we decided that OTC would be the best partner for PKC moving forward. Scott and Michael did a great job leading us through the process."
OTC, a portfolio company of Irving Place Capital, is one of the largest industrial distributors and service providers in the United States. For more information on OTC or Irving Place Capital, please their website www.otpnet.com or www.irvingplacecapital.com.
Copper Run Advises SAS Automation
in its Sale to Piab AB
Xenia, OH - November 2017
Copper Run is pleased to announce that Piab AB ("Piab"), the global technology leader within industrial vacuum based automation and robot components, has acquired SAS Automation LLC ("SAS" or the "Company"), a designer and manufacturer of modular component-based robotic end-of-arm tooling (EOAT) and gripper systems based in Xenia, Ohio. For more information on SAS, please visit their website at www.sas-automation.com. The transaction was led by Scott Chapman and Michael Shaw at Copper Run.
On working with Copper Run the Owner of SAS said "I appreciate the dedication and guidance provided by Copper Run throughout the entire transaction process. I am thrilled that SAS is joining the Piab family, and I believe they are the perfect partner for SAS moving forward. The Copper Run team was a pleasure to work with and I would recommend them to any business owner looking to exit their business."
Piab, a portfolio company of EQT, supplies vacuum ejectors, conveyors, lifters and suction cups that serve to improve the energy-efficiency, productivity and working environments of customers across a broad range of industries. Piab is headquartered in Sweden and has approximately 400 employees across the world. For more information on Piab or EQT, please visit their website at www.piab.com or www.eqt.se.
Copper Run Advises Matri Holdings on its Acquisition of Ammex Plastics
Indianapolis, IN - October 2017
Copper Run is pleased to announce that is has served as the exclusive buy-side advisor to Matri Holdings, Inc. ("Matri"), Echo Engineering and Production Supplies, Inc. ("Echo") in its purchase of the assets of Ammex Plastics, LLC ("Ammex"). Headquartered in Indianapolis, Indiana, Echo is a portfolio company of Matri, a private investment company specializing in acquisitions of manufacturing and/or distribution businesses. The acquisition closed on October 19, 2017. The transaction was led by Andy Hays and Jason Kraynak at Copper Run.
Kingdon Offenbacker, CEO of Matri and Echo commented, "This is just one milestone for Echo and helps us continue to build and focus our capabilities. Copper Run found Ammex for us, helped negotiate the LOI, source financing, and otherwise close the deal. We appreciate the extraordinary level of commitment displayed by Copper Run, who guided us through this important transaction with professionalism, thoughtful advice, and a great understanding of our goals."
"Echo is an exceptional specialty manufacturing company that Copper Run is proud to have advised," said Andy Hays, Managing Partner at Copper Run. "We thoroughly enjoyed working together with Matri and Echo's team and talented management team to deliver this exciting step in their growth with the addition of Ammex."
Ammex Plastics is an ISO 16949/TS 16949:2009 registered full-service manufacturer of custom plastic components for the automotive industry in Monroe, Michigan. Ammex was targeted as a tuck-in acquisition for Echo.
Echo Holdings, headquartered in Indianapolis, Indiana with additional locations in Monroe, Michigan; Milpitas, California, and Guadalajara, Mexico is an industrial solutions business providing expert design & engineering services, comprehensive manufacturing processes, real-time supply chain management, and meticulous quality assurance. Echo sells plastic, rubber, and adhesives, both direct and indirect product, into several industries including automotive & mobility, agriculture, power sport & recreation, marine, electronics, and other manufacturing sectors.
Copper Run Advises Geopetro on its Acquisition of Utica Assets from Devon Energy
Columbus, OH - October 2017
Geopetro announced that they have entered into a definitive agreement with Devon Energy Corp. ("Devon"; NYSE:DVN) to acquire certain Utica shale assets in Ohio.
The package includes 3 Utica shale wells drilled in Coshocton, Guernsey, and Wayne counties, Ohio. Nate Archer, V.P., Exploration and Business Development of Geopetro, stated: "This transaction extends Geopetro's position in the Utica and provides exciting investment opportunities. We greatly appreciate Copper Run's expertise and persistence in getting a mutually acceptable deal done."
Jason Stevens, Director of Energy Advisory at Copper Run, adds "The Utica Shale has transitioned from delineation to development stage, and many of the earlier wells are likely to change hands as operators reposition. Geopetro's speed, strategy and creativity positioned it for a leading role as an emerging Utica operator."
Copper Run acted as sole M&A advisor and lead financial advisor for Geopetro.
Copper Run Sponsors the Homeless Families Foundation - Hope Takes Flight Event
Columbus, OH - October 2017
The Hope Takes Flight event contributes funding to house and support the programs needed by homeless and at risk children and their families. The Homeless Families Foundation believes it is UNACCEPTABLE for any child to be homeless. The event will take place at Signature Flight Support at 4130 E 5th Avenue, Columbus, Ohio 43219 on October 6, 2017. For more information see Hope Takes Flight.
Copper Run Advises NUCON International
on ESOP Transaction
Columbus, OH - September 2017
Copper Run is pleased to announce that NUCON International, Inc. ("NUCON") has sold 100% of its Company Stock to an Employee Stock Ownership Plan ("ESOP"). Copper Run acted as financial advisor to NUCON; providing the owner with a business succession plan and an ability to reward the loyal employee base. NUCON, based in Columbus, Ohio, is a world leader in adsorption technology; its proprietary adsorption products provide solutions for air and gas treatment systems and fluid cleaning and treatment systems at nuclear power plants and high technology manufacturing facilities. The transaction was led by Andy Hays, Michael Shaw, and Jason Kraynak at Copper Run.
Copper Run Appoints Michael Cole
as Vice President
Columbus, OH - August 2017
Michael Cole has joined Copper Run as Vice President and will focus on serving clients in the Energy Advisory practice.
"We are very excited to have someone with Mike's background and skill set join Copper Run," commented Andy Hays, Managing Partner. "We have worked with Mike both as a client and on the other side of the table, and he has a demonstrated track record of top notch oil and gas financial analysis, managerial skills, and the ability to find creative financial solutions."
"Mike will add depth and strength to our Energy Advisory practice, bolstering our bench at a time when consolidation is rippling through the industry," said Jason Stevens, Director of Energy Advisory, "we're excited to have him on board."
Mr. Cole previously served as the Chief Financial Officer of Knox Energy, Inc., a privately held oil and gas exploration and production company where he oversaw all areas of accounting and finance, financial statement preparation, banking relations, and administrative operations including IT and human resources. During his ten year tenure with Knox Energy, Mr. Cole also assisted owners with raising drilling capital through private placement offerings, investor relations, economic modeling and valuation work for drilling, acquisitions and divestitures. Prior to Knox Energy, he was an Audit Manager at Deloitte & Touche LLP in Columbus, serving a public chemicals manufacturer with over $1 billion in sales.
Mr. Cole is a member of the Ohio Oil and Gas Association, serving on the Audit Committee, the Petroleum Accountants Society of Appalachia, and the Ohio Geological Society. He is the Permanent Endowment Fund Committee Chair at King Avenue UMC and previously served on the Finance Committee.
Mr. Cole has a B.S. in Business Administration with Honors in Accounting from The Ohio State University. He resides in Westerville with his wife and two sons.
Copper Run Advises Robert Gregory Partners
in its Sale to FranklinCovey
Columbus, OH - May 2017
Copper Run is pleased to announce that it has served as the exclusive sell-side advisor to Robert Gregory Partners ("RGP") in its sale to FranklinCovey Co. (NYSE: FC). RGP is an executive coaching firm based in Dublin, Ohio, with offices in New York and Los Angeles and FC is a global firm specializing in organizational performance improvement. The acquisition was finalized on May 15, 2017.
The transaction was led by Scott Chapman, Michael Shaw and Jason Kraynak at Copper Run.
On working with Copper Run, Greg Ruf, Managing Partner of RGP said "We began this process by interviewing a number of investment banks, Copper Run impressed us from the beginning with their ability to position the Company for sale and for the thorough process they go through with their clients. They did an excellent job of introducing the opportunity to buyers that we hadn't even considered. I think they understood the cultural fit and core values that we were seeking from a buyer. Franklin Covey is a wonderful fit and we knew right away that they would most likely be the best partner for us going forward. Scott Chapman and his team did a great job leading us through the process."
Calfee, Halter, & Griswold served as RGP's counsel and Dorsey & Whitney served as FranklinCovey's counsel.
Robert Gregory Partners offers executive coaching and leadership development programs to employees across the United States and internationally. For more information on RGP, please visit their website at www.robertgregorypartners.com.
FranklinCovey is a $200 million world leader in consulting and training, enabling individuals and organizations to achieve results that require lasting changes in human behavior. For more information on Franklin Covey, please visit their website at www.franklincovey.com.
Copper Run Capital is a boutique investment bank based in Columbus, Ohio. Founded in 2008, Copper Run provides both buy side and sell side services for its clients. For more information, please visit www.copperruncap.com or call us at 614.888.1786.
Copper Run Advises ABC Home Services
in its Sale to IGS Energy
Columbus, OH - April 2017
Copper Run is pleased to announce that is has served as the exclusive sell-side advisor to ABC Home Services ("ABC") in its sale to IGS Energy ("IGS"). The transaction was led by Andy Hays, Michael Shaw and Ryan Wilson at Copper Run.
On working with Copper Run, Tim Morbitzer, President of ABC said, "We appreciate the dedication and guidance provided by Copper Run throughout the entire transaction process. We were initially approached by a large national player in our industry and engaged Copper Run to assist us in those discussions. While engaging in those negotiations, Copper Run also presented a few other buyers that they had researched and thought could be good acquirers. One of those companies was IGS who had recently entered the home warranty business, and despite being headquartered a few miles from our office, we had not considered. Ultimately with Copper Run's assistance we were able to close a transaction for a premium price and found a great home for our employees and ABC. Andy and the Copper Run team's counsel, guidance, advice, and hard work were invaluable and key to completing this transaction."
Carlile Patchen & Murphy served as ABC's counsel and Taft Stettinius & Hollister served as IGS' counsel.
ABC Home Services, headquartered in Columbus, Ohio, specializes in home warranty services throughout the Central Ohio market. For more information on ABC please visit: www.abc4u.com. IGS Energy, headquartered in Dublin, Ohio, is a $1 billion revenue natural gas and electricity provider. For more information on IGS Energy please visit www.igsenergy.com.