News & Events
Dallas, TX ~ October 2011
Legacy Advisors is pleased to announce that its client SCI Box LLC has completed a successful refinancing of its senior secured debt having obtained a new revolving line of credit and term loan from First Community Financial, Phoenix, AZ. The new facility permitted SCI Box to repay a factoring arrangement as well as loans to its unsecured creditors taken out during its restructuring process. Legacy Advisors sourced the financing and negotiated the terms of the payouts.
Dallas, TX ~ April, 2011
Legacy Advisors' founding principal, Ron Stacey, and his daughter, Regan Stacey, completed the Nashville, TN, Rock n' Roll half and full marathon repectively, raising $2,500 for the Lyphoma Lukemia Society. The duo will be competeing in a similar fashion on December 4, 2011 in the Dallas, TX "Run the Rock" marathon.
Dallas, TX ~ March 18, 2011
Legacy Advisors, Inc. (hereinafter "Legacy Advisors") is pleased to announce Baran Telecom has acquqired certain assets of the Tower Services Division of American Communitcation. Legacy Advisors initiated the transaction and acted as exclusive financial advisor to American Communication.
Dallas, TX ~ August 4, 2010
Legacy Advisors, Inc. (hereinafter "Legacy Advisors") is pleased to announce the restructuring and acquisition of certain assets of Champion Manufacturing Industries, Inc. (hereinafter "Champion" or "Company"), by CMI Champion LLC and CMI Champion Real Estate LLC (hereinafter "CMI"), pursuant to a Plan of Reorganization conducted under the US Bankruptcy Code. Legacy Advisors restructured the business, sourced the financing and acted as exclusive financial advisor under the Plan.
Dallas, TX ~ April 29, 2010
Legacy Advisors, Inc. (hereinafter "Legacy Advisors") is pleased to announce the restructuring and acquisition of certain assets of Sun Container, Inc., Sun Boxes, Inc. and B&N Container, Inc. (hereinafter collectively "Sun Container" or "Company"), by SCI Box LLC (hereinafter "SCI"), pursuant to a Plan of Reorganization conducted under the US Bankruptcy Code. Legacy Advisors restructured the business, sourced the financing and acted as exclusive financial advisor under the Plan.
DALLAS, TX ~ January 27, 2010
Legacy Advisors, Inc. ("Legacy Advisors") is pleased to announce that Drumheller Bag Corporation ("DBC" or "Company") has been acquired by the Langston Companies ("Langston") pursuant to a successful sale process conducted under Section 363 of the US Bankruptcy Code. Legacy Advisors represented DBC as exclusive financial advisor in its Chapter 11 bankruptcy proceeding.
Serving the Midwest from a single ABI certified location in Peoria, IL, DBC is a highly automated multiwall paper bag manufacturer producing "paper shipping sacks" in both Sewn Open Mouth (SOM) and Pinch Bottom (glued) Open Mouth (PBOM) configurations. The SOM products are mainly used for the packaging and distribution of seed, grain and animal feed. The PBOM products include a variety of uses, such as pet foods, pesticides, chemical resins, pharmaceuticals, flour and sugar. Bags are custom designed to display high resolution customer logos and nutritional information, owing to an impressive onsite plate making and flexographic printing capability.
Headquartered in Memphis, TN, privately held Langston manufactures both paper shipping sacks and woven textile bags from three US locations and a plant in Mexico. Distribution to major food and industrial customers is handled through four additional US warehouse sites. Shipping sack products include SOM, PBOM, pasted valve stepped end, pasted open mouth and self sealing satchel bags. Woven textile bags are made in two primary categories, traditional textile polyweave bags and flexible intermediate bulk containers designed to carry and easily discharge dry granular products.
David Drumheller commented, "Ron and his team worked tirelessly in a tough macroeconomic environment to keep the Company going and preserve enough value to conclude a sale that saved over 60 much needed manufacturing jobs in Peoria." Managing Director Ron Stacey added, "We knew from the outset that DBC was a fundamentally good Company with great potential. We are particularly pleased to have saved this business through a successful sale."
About Legacy Advisors
Legacy Advisors is a leading investment banking firm specializing in middle-market mergers and acquisitions, valuation and financial advisory, corporate finance, and special situations. Our mission is to assist our clients to improve, grow, recapitalize, transfer or sell through a wide range of services.
K&L Gates Chicago Office attorneys Harley Goldstein, Matt McClintock and Jeff Heller represented DBC as debtors counsel. K&L Gates LLP is an international law firm comprised of approximately 1,800 lawyers who practice in 35 offices located on three continents.
For more information about this transaction, please contact Ron Stacey (214) 705-1112 firstname.lastname@example.org.
Drumheller Deal Announcement PDF
DALLAS, TX ~ October 20, 2009
Legacy Advisors is pleased to announce that its client, Diagnostic Health Services, Inc., has acquired Misty Mountain Imaging, Inc., an Arkansas based mobile imaging company providing ultra sound service to rural hospitals and clinics throughout northern Arkansas and southern Missouri. This marks the second acquisition by Diagnostic Health Services and is part of a comprehensive acquisition plan to expand the company's reach in each of its major regions. Misty Mountain will become part of the company's Tulsa, OK operations. For more information, please contact Ron Stacey, Managing Director, at 214 705 1112.
DALLAS, TX ~ March 31, 2009
Brett M. Stacey has earned the prestigious Accredited Valuation Analyst credential by successfully fulfilling the rigorous requirements established by the National Association of Valuation Analysts. NACVA'S CVA/AVA designations are the only valuation credentials accredited by the National Commission for Certifying Agencies (NCCA).
The AVA credentialing process mandates the following requirements for accreditation: The candidate must hold a business degree (i.e., management, economics, finance, marketing, accounting, or other business field) and/or an MBA (masters of business administration) or higher business degree from an accredited college or university; 2. be able to demonstrate with business references or attestations from current or previous employers and/or partners substantial experience in business valuation including substantial knowledge of business valuation theory, methodologies, and practices; 3) pass a comprehensive two-part examination. Part one is a five-hour proctored exam, and Part Two is a take-home/in-office exam that incorporates a standardized case study (provided by NACVA) that requires performing a complete business valuation. Part Two of the exam takes 40-60 hours to complete.
Please join the management and staff of Legacy Advisors in congratulating Brett Stacey on this impressive achievement. Brett can be reached at 214 705 1112.
December 30, 2008
Legacy Advisors is pleased to announce the acquisition by its client, Diagnostic Health Services Inc. (“DHS”) of D2 Imaging LLC. ("D2"). D2 is an independent diagnostic imaging company.
DHS is a provider of outsourced imaging services for the medical industry, DHS has 5 divisional offices serving over 15 states, located in the following markets, Addison / Dallas TX (headquarters), Tulsa OK, Chicago IL, St. Louis MO and Phoenix AZ. With the acquisition of D2, based in Fort Worth TX, DHS has expanded its services in a transaction that complements a geographical growth strategy.
"This acquisition by DHS is a continuation of a growth strategy designed to position the Company as the leading provider of mobile imaging services in the Dallas Ft. Worth market. Efforts are ongoing to effect similar acquisitions in the other geographies served by the Company nationally," said Ron Stacey, Managing Director
Legacy Advisors recently moved to larger spaces to accommodate continuing growth in the Company's primary business practices: Mergers & Acquisitions, Corporate Finance, Valuations and Financial Restructuring. Please see the Home Page for the new address and telephone numbers.
Drumheller Bag Corporation has retained Legacy Advisors to raise $3.5MM in junior capital to support the Company's expansion into the mid west market. Drumheller Bag is a highly automated multi-wall paper bag manufacturer serving customers in the south and Midwest through two plant locations.
Mountain Pure Water has retained Legacy Advisors to raise $6.5MM in senior debt financing for equipment and working capital for its newly open Texas bottling plant. Mountain Pure Water is a regional bottler of purified drinking water and juices operating three plants in the southwest regional market.
Ron Stacey, Managing Director, was recently awarded the Certified Business Intermediary (CBI) designation by the International Business Brokers Association. The CBI designation sets the industry standards within the intermediary community, and provides assurance of professionalism to clients and other key advisors. Obtaining the CBI designations speaks volumes about an individual's knowledge and expertise.
The CBI is awarded to IBBA members who have satisfied the educational requirements and conform to the ethical standards of the association. The CBI designation is held by only 593 active members.
New Seminar Added
Legacy Advisors has recently completed production of a four hour seminar that delivers a quick overview of the mergers and acquisitions process. This program covers the decision to enter the market, different strategies to employ, tactical implications, negotiating, navigating the offer to buy or sell, due diligence, the definitive agreements, closing and funding. Participants will gain a knowledge and comfort level with M&A that will enable them to make better decisions and be more successful in any M&A endeavor. ……learn more.