ClearRidge has extensive experience in manufacturing, distribution, energy, oil and gas, industrial services, petrochemicals, automotive, banking, technology, agriculture, food, retail, consumer goods and service industries.

We have included some representative tombstones of recent M&A projects. Please note that most restructuring and corporate finance projects are too sensitive to publicly disclose.

Notable Completed M&A Transactions

December 21, 2011. First Wave Aviation, LLC. A consortium of Oklahoma Private Investors acquired substantially all the assets of First Wave Aviation. First Wave was advised by ClearRidge Capital.

Founded in Oklahoma in 1992, First Wave Aviation operates in the sale of commercial and military aircraft parts worldwide, with one of the largest certified and traceable inventories in the world. The Company stocks components for most Airbus, Boeing and McDonnell Douglas commercial aircraft, procured from and sold to many of the world’s leading airlines, OEMs and aviation fleets.

December 6, 2011. Warren & Christian, Inc. Warren & Christian was acquired by the Reservoir Group, an Aberdeen, Scotland company focused on down-hole drilling products and services. The Company was advised by Managing Directors of ClearRidge Capital, acting in their capacity as registered representatives of Burch & Company, Inc.

Warren & Christian is an oil and gas field services company, located near Elk City, Oklahoma, in the heart of the western Oklahoma and Texas panhandle oil and gas region. The Company provides well-logging services to oil and gas drilling companies.

October 26, 2011. United States Shooting Academy, Inc. (USSA) was sold to a consortium of Oklahoma Private Investors. USSA was advised by ClearRidge Capital.

Founded in Tulsa in 2004, USSA is recognized as one of the leading US providers of firearms training and instruction for military, law enforcement and civilian personnel, as well as host for national and international shooting competitions.

September 1, 2011. Gladstone Investment Corporation (Nasdaq: GAIN) announced the acquisition of SBS Industries, Inc. of Tulsa, Oklahoma. SBS Industries was advised by ClearRidge Capital.

SBS Industries founded in 1975 and headquartered in Tulsa, Oklahoma, is a manufacturer and value-added distributor of specialty fasteners and threaded screw products.

July 5, 2011. Insituform Technologies, Inc. (Nasdaq: INSU) announced the acquisition of CRTS, Inc. of Tulsa, Oklahoma. Bruce Jones and Matthew Bristow of ClearRidge Capital were CRTS' advisor throughout the M&A sale process. CRTS, Inc., is a global leader in pipeline coating services based in Tulsa, Oklahoma.

The purchase price was $24.0 million at closing with CRTS shareholders able to earn up to an additional $15.0 million upon the achievement of certain performance targets over the three-year period ending December 31, 2013. For 2010, CRTS had total revenues of approximately $13.3 million and earnings before interest, taxes and depreciation (“EBITDA”) of approximately $3.8 million.  For more information, read full transaction information here.

February, 2011. Blitz U.S.A., a portfolio company of Kinderhook Industries, acquired Reliance Products, L.P. Blitz U.S.A. was advised by ClearRidge Advisors.

May 20, 2010 - Cedar Creek announces a recapitalization by Charlesbank Capital Partners, who acquire majority ownership of Cedar Creek, the largest cedar distributor in the United States. ClearRidge Capital was advisor to Cedar Creek.

Considered the nation’s largest cedar distributor, Cedar Creek supplies lumberyards and building supply retailers across a 13-state area. With eight locations in seven states, employing a staff of 400, founder Clark Wiens projected sales of $500 million in 2010, about even to 2009 results.

 Select Representative Engagements

We pride ourselves on the references that our clients provide for us. They have witnessed our work ethic, ability and dedication first hand and they went through the same decision-making process you are currently  going through. There is no one better for you to speak to than those who have hired us in the past.

In addition to those above, we are happy to provide further examples of  previous engagements.

Current Engagements

For a list of current ClearRidge engagements, following this link to another page within this website:

www.clearridgecapital.com/offerings.htm

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