Larsen MacColl Sells Portfolio Company to Sansei Yusoki
RADNOR, Pa. & LOGAN, Utah & OSAKA, Japan -- January 24, 2013
Larsen MacColl Partners (“LMP”), a private equity fund based in Radnor, PA,
has sold a majority stake in its portfolio company, S&S Worldwide, Inc.
(“S&S”) to Sansei Yusoki Co. Ltd, (“SY”).
LMP made its original investment in S&S in 2009 and supported S&S’s subsequent
growth with additional financial resources and strategic guidance as S&S
rapidly expanded its customer base and product offering in Europe and Asia.
Sansei Yusoki is an Osaka Stock Exchange-listed company operating globally
across the elevation equipment, stage equipment and amusement ride sectors. SY
announced that its acquisition of S&S will broaden its customer base and
product offering and position its amusement rides business for further growth
in overseas markets, specifically China, the USA and Europe.
Commenting on the transaction, Rich Allen, President and CEO of S&S, said,
"The financial strength of Sansei, coupled with its strong engineering and
manufacturing focus, will be a tremendous complement to S&S's patented
portfolio and strong sales success."
Brookwood Associates acted as the lead financial advisor to LMP and S&S.
Business Development Asia also advised on the transaction. Miller & Martin, a
full-service firm with offices in Atlanta, Chattanooga and Nashville, acted as
legal advisors to LMP and S&S.
Tim MacColl, Managing Partner of LMP stated, “Brookwood was a tenacious
partner in this process. Their senior attention was evident in positioning S&S
to attract the right interest from a global buyer universe, and navigating
extremely complex issues in a cross-border context. Brookwood was more than a
banker…they were a trusted advisor critical to the success of this
About Larsen MacColl Partners
Larsen MacColl Partners is a private equity fund based in Radnor, PA. Larsen
MacColl invests in profitable and established companies in basic industries
with annual sales ranging between $5 and $40 million, and seeks to partner
with companies with proven business models, solid management teams and
significant growth opportunities. www.larsenmaccoll.com
About S&S Worldwide Inc
S&S, located in Logan, Utah, is a leading designer and manufacturer of roller
coasters, tower rides and other thrill rides for the global amusement park
industry. S&S has installed over 150 amusement rides and coasters in 27
countries and is recognized as a leading engineer of some of the world’s most
innovative and thrilling rides. www.engineeringexcitement.com
About Sansei Yusoki Co Ltd
Sansei Yusoki is a company engaged in the manufacture and sale of elevation
equipment, stage equipment and amusement rides. Along with its subsidiaries,
the company operates in two business segments. The Product Manufacturing,
Repair and Maintenance segment is engaged in the manufacture and sale of
customized facilities such as elevators, escalators, parking devices and
revolving restaurants, as well as stage machinery, hanging devices, roller
coasters, and fast slides. This segment also offers maintenance and repair
services for the products. www.sanseiyusoki.com
Larsen MacColl Partners
Tim MacColl, 610-687-5045
Press spacebar to pause and continue. Press esc to stop.