CCP Client ‘CO215’
A Niche Fabricator of Heavy Steel Process Equipment for the Petrochemical & Steel Industries

Clayton Capital Partners, a St. Louis-based investment banking firm, is pleased to exclusively represent CO215 (the “Company”) in the sale of its business.  Headquartered in the Midwest, CO215 engages in the specialty fabrication of heavy steel process equipment used in the petrochemical and steel industries.  The Company also performs repairs and alterations of heavy industrial equipment.

  • Growing Demand MarketsCO215 primarily supplies the petroleum, industrial chemical and steel industries.  These industries are experiencing strong growth.

  • Fast Turnaround TimesCO215 has a reputation of being one of the fastest “turnaround” service providers in the industry.  During turnarounds (when a plant is shut down for repair), speed counts and customers pay premium prices for speed.

  • Unique Full Service CapabilitiesCO215 can internally fabricate equipment from start to finish that is over 110’ long by 20’ high by 20’ wide, uses plate steel up to 4” thick, and weighs up to 230,000 lbs.  The time and cost savings from full-service fabrication as well as its size capabilities make it unique in its market and contribute to its strong gross profit.

  • Niche in Growing Sulfur Recovery MarketCO215 has particular expertise in fabricating equipment for processes involving high sulfur content, particularly the refining of petroleum products. Increased environmental regulation over sulfur, a global increase in the use of higher sulfur (sour) crude oil, and the demand for higher quality (lower sulfur) petroleum products has expanded demand for Fluid Catalytic Cracking Units (FCCUs) and Sulfur Recovery Units (SRUs).

  • Strong BacklogCO215’s backlog is $12.2 million as of 3/31/14, requiring an estimated total of 71,000 man-hours to perform the work. 
CO215 Financial Data
 

Audited
Year Ending
12/31/2008

Audited
Year Ending
12/31/2009
Audited
Year Ending
12/31/2010
Audited
Year Ending
12/31/2011
Audited
Year Ending
12/31/2012
Audited
Year Ending
12/31/2013
Internal
LTM
Ending
4/30/2014
Net Sales $19,211,689 $22,602,704 $14,393,989 $14,076,229 $29,728,846 $18,936,050 $23,296,036
Gross Profit % 32% 28% 20% 19% 27% 29% 30%
Adjusted EBITDA $3,579,086 $3,583,829 $343,622 $88,352 $5,012,818 $2,392,939 $3,926,553


NON-DISCLOSURE AGREEMENT
 
The undersigned hereby agrees:

That all information, data and materials disclosed or furnished (herein called the Information) by Clayton Capital Partners Acquisition Candidate CO215 (herein called the Company) will be maintained strictly confidential and that, in consideration for such disclosure, no use of the Information will be made by any signing party, or employees of such party, other than for internal evaluation purposes, on a strictly confidential basis.

It is understood that disclosure of any of the Information, including the possibility that the Shareholders may consider sale, disclosure of the current status of the Company, or disclosure of any information to customers, vendors, competitors, or employees of the Company would cause serious financial damage to the Company and/or its affiliates.

The undersigned also agrees that, for the term of this agreement, they will not solicit for employment any person who is currently employed by the Company.

Further, the undersigned agrees not to copy, duplicate, disclose or deliver all or any portion of the Information to a third party or permit any third party to inspect, copy or duplicate the same. 

This shall not, however, prevent the undersigned from disclosing to others or using in any manner:

1.  Information which has been published and has become part of the public domain other than by acts or omissions by the receiving party.
2.  Information which has been furnished or made known to the undersigned by third parties as a matter of right without restriction of disclosure, or
3.  Information which the undersigned can show was already in its possession at the time it entered into this Agreement and which was not acquired directly or indirectly from the Company, their representatives, its employees or their representatives

This agreement shall remain in effect for a term of two years from the execution date hereof and upon request, the receiving party will promptly return all data and materials furnished by the Company and destroy any internal analyses and/or workpapers related to the evaluation of the Company.


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CCP Client 'CO215'
For Additional Information Contact
Christy Viviano, Sr. Associate
8112 Maryland Ave., Suite 250 | St. Louis, MO 63105
Ph 314-725-9939 x 533 | Fax 314-725-9938
cviviano@claytoncapitalpartners.com