Cline Acquisition Corp., a portfolio company of BB&T Capital Partners, L.L.C., was acquired by Rexnord Industries, LLC, a subsidiary of Rexnord Corporation. Quarton Partners acted as the exclusive financial advisor to Cline and BB&T Capital Partners.
Cline is a provider of aftermarket power transmission services to the pulp and paper, steel and other end markets. Cline provides full-service, highly technical solutions for mission critical power transmission components, including industrial drive shafts, clutches and brakes used in production equipment. Cline is headquartered in Taylors, South Carolina.
Rexnord is a global industrial manufacturer comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 7,300 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Rexnord is headquartered in Milwaukee, Wisconsin.
January 30, 2019
Finance Monthly Deal Maker Award for Quarton, a Cowen Company
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