Amherst Advises on Sale of Stewart-MacDonald

Amherst Advises on Sale of Stewart-MacDonald

Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of Stewart-MacDonald Manufacturing Company, Inc. (“Stewart-MacDonald” or the “Company”) to Champlain Capital Partners II, L.P. (“Champlain”). Amherst acted as the exclusive financial advisor to Stewart-MacDonald in connection with the transaction.

About Stewart-MacDonald

Stewart-MacDonald, based in Athens, Ohio, is the world’s largest e-tailer of specialty tools and parts for customers active in the repair, modification, and construction of guitars and similar fretted musical instruments. Primarily known as a “one-stop” source for its branded, niche products, the Company has established several in-house brands that have sustained customer loyalty throughout its 50-year history. Key products include specialized luthier tools, tuners (including Waverly, Sloane, and Five-Star brands), pickups and electronics, as well as finishing supplies and educational, “how-to” materials.

About Champlain Capital Partners

Founded in 2002 and based in San Francisco, California, Champlain is a private equity fund with significant experience acquiring and building niche businesses in a variety of industries, including branded consumer products. The fund, which typically invests between $15 million and $100 million in each transaction, is led by professionals who share a commitment to working with owners and management teams of small and middle-market companies.

About The Transaction

Stewart-MacDonald’s sole shareholder engaged Amherst to lead a sale process that would maximize value and, at the same time, identify a new owner with the expertise and resources to continue building upon the Company’s legacy. Amherst identified and approached a select group of strategic and financial investors and received multiple indications of interest at competitive valuations. Champlain eventually emerged as the preferred buyer. Stewart-MacDonald represents a new platform investment for Champlain, which plans to leverage the marketing and operational expertise of its principals to expand Stewart-MacDonald’s iconic brands.

About Amherst Partners

With a track record that spans over 20 years, Amherst Partners is one of the Midwest’s most reputable boutique restructuring advisory and investment banking firms. Among its core services, Amherst provides middle­market companies with significant financial advisory expertise for corporate restructurings, business divestitures, acquisitions and corporate finance transactions. Our professionals share a commitment to developing a “trusted advisor” relationship with our clients and referral partners, and have amassed an extraordinary track record of success in our restructuring, merger & acquisition advisory and capital raising practices.