High-Performance Steel Manufacturer

Phoenix provides Quality of Earnings review to a Private Equity Fund for a manufacturer and distributor of high-performance steel.

The Client

A Private Equity Fund engaged Phoenix to perform an acquisition Quality of Earnings review on a $350 million manufacturer and distributor of High-Performance Steels for aerospace and other structural applications.

The Challenge

Phoenix worked closely with the Company’s senior management as well as the principals from the PE Firm in order to understand and analyze the Company’s performance and the impact that the global steel markets might ultimately have on the Company’s forecasted business. Phoenix recommended that the PE Firm, its various equity sponsors, and secured debt participants proceeds with their intended acquisition.

The Solution

The PE Firm proceeded with the purchase and is enjoying favorable margins.

Phoenix Transaction

Primary Industry

  • Manufacturing

Secondary Industry

  • Metal Products

    Primary Services

  • Quality of Earnings