Situation:
Americast Technologies is a world leader in the design, manufacture and supply of highly-engineered steel and iron sand castings, machined components, and assemblies. Americast produces large and difficult-to-manufacture parts and is a critical supplier to Fortune 50 manufacturers in the locomotive, mass transit, mining, agricultural equipment, construction, energy, and heavy-duty truck industries. Its business units include: Atchison Steel Casting & Machine; Amite Foundry & Machine; Prospect Foundry; London Precision Machine and Tool; and ACC Global.
Ameridan’s Role:
A leading middle market private equity firm retained Ameridan to provide market and customer diligence. The engagement focused on assessing: (a) the quality and uniqueness of the Company’s capabilities relative to competitors; (b) depth of current customer relationships and customer support post reorganization; and (3) the medium term revenue outlook based on extant customer’s purchase expectations.
