About the Deal
ASHLAND INDUSTRIES INC., located in Ashland, Wisconsin, is a leading manufacturer of earthmoving equipment, including tractor-drawn scrapers, parts, skid steer attachments and heavy-duty equipment serving the agricultural and industrial markets. Ashland’s products are designed for use with a wide variety of tractors and dozers ranging from 150 to 700 horsepower.
PENINSULA CAPITAL PARTNERS is an investment company specializing in providing mezzanine capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to superior middle-market companies. COASTLINE CAPITAL is a private equity investment firm that invests in middle market companies operating in market niches or fragmented industries.
Peninsula and Coastline teamed with management to recapitalize Ashland Industries, bringing additional capital to support the significant growth of the business.
BRIDGEWOOD ADVISORS assisted in negotiations and acted as exclusive financial advisor to Ashland Industries Inc.