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Clayton Capital Partners Announces
That Its Client INDEECO Has Acquired Heatrex, Inc.

indeeco

ST. LOUIS, MO
Clayton Capital Partners is pleased to announce that its client, INDEECO, has acquired Heatrex, Inc.

THE SELLER
Heatrex, Inc. (www.heatrex.com), based in Meadville, PA, is a leader in the manufacture of tubular heating elements, bolt heaters, immersion heaters, duct heaters, and circulation heaters for industry. Heatrex serves an array of national and international customers.

THE BUYER
INDEECO (www.indeeco.com), based in St. Louis, MO, is a leading designer and manufacturer of a complete line of heating equipment, including space heaters, industrial component heaters, and electronic controls for commercial, industrial and marine markets in North America and abroad.

ABOUT CLAYTON CAPITAL PARTNERS
Clayton Capital Partners (CCP) is one of the nation's top investment banking firms providing M&A advisory and corporate finance services to a diversified client base of middle-market companies. Clients have come to rely on our expertise, our commitment to client services and our innovative ability to create value.

The principals at Clayton Capital Partners focus on satisfying the complex needs and objectives of our clients through our core business practices - Investment Banking and Exit Planning. Together, our professionals have acted as financial advisors in more than 200 advisory transactions with an aggregate value exceeding $1 billion.

If you would like more information about this transaction or Clayton Capital Partners, please contact Brent Baxter at (314)725-9939 x 526 or via email at bbaxter@claytoncapitalpartners.com