Whip Mix Acquires Jelrus Burnout Oven Product Line

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FOR IMMEDIATE RELEASE
Whip Mix acquires Jelrus burnout oven product line
Industry: Dental Equipment Manufacturer
Role: Buy Side Advisor
 
Louisville, KY-based Whip Mix has acquired Jelrus product line from Air Techniques, Inc
 

 

 

About the Deal:
Whip Mix Corporation, a leading manufacturer and distributor to the dental profession, has acquired the Jelrus burnout oven product line from Air Techniques, a Melville, New York-based company.

"Jelrus, the dental laboratory division of Air Techniques, has a proven record of providing well built, dependable lab equipment and the acquisition enhances the existing Whip Mix Furnace product line," said Whip Mix Vice President of Corporate Services, David Steinbock.

Hilliard Lyons Investment Banking served as Whip Mix's buy-side advisor to analyze the value of the assets, stress test management's expectations, examine potential synergies, and determine the appropriate transaction price, terms and structure. This transaction represents the third acquisition on which Hilliard Lyons Investment Banking has advised Whip Mix Corporation.

About Hilliard Lyons Investment Banking:
Hilliard Lyons Investment Banking employs a full-service model that brings "Wall Street" resources and experience to our "Main Street" clients. Our team's breadth and depth of experience enables us to deliver superior results to both public and private companies in the greater Midwest and Southeast.

Our Senior Investment Bankers are focused on advising emerging and middle-market companies in Mergers & Acquisitions, Capital Raising, and Business Valuation.

Hilliard Lyons Investment Banking is a division of J.J.B. Hilliard, W.L. Lyons, LLC, a full service financial services firm headquartered in Louisville, Kentucky. Founded in 1854, Hilliard Lyons has 70 branches in 13 states. 

For additional information about this transaction, please contact:

S. Andrew McKay
Senior Vice President
502-588-8484
amckay@hilliard.com
Patrick Just
Associate
502-588-8485
pjust@hilliard.com