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Quarton Partners advises Lexington Precision Corporation in a reorganization and sale to Aurora Capital Group.

Transaction

Lexington received an equity investment from Aurora Resurgence Management Partners, LLC, an affiliate of Aurora Capital Group. Quarton Partners acted as exclusive financial advisor to Lexington Precision, advising the company on its plan of reorganization and arranging the equity financing to support its successful emergence from bankruptcy

Company

Headquartered in New York, New York, Lexington Precision Corporation is a world class manufacturer of tight tolerance, precision molded rubber components. The company has leading market share in its product categories and is a pioneer in molding rubber components using its proprietary flash-less tooling. Lexington’s product offering includes insulators used in automotive ignition systems, molded rubber components used in minimally invasive surgical instruments and connector seals used in automotive wiring systems. The company’s products are sold to companies that manufacture products for the automotive aftermarket, to manufacturers of medical devices and to customers who supply automotive original equipment manufacturers. The company’s manufacturing and engineering facilities are located in Jasper, Georgia, Rock Hill, South Carolina and North Canton, Ohio.

Buyer / Investor

Aurora Capital Group is a Los Angeles-based private investment firm managing over $2 billion of capital across several funds. Aurora’s traditional private equity vehicle focuses principally on control investments in middle market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora’s Resurgence fund invests in debt and equity securities of middle market companies and targets complex opportunities that are created by operational or financial challenges.

Contact

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André A. Augier

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Kurt L. Haras

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Gregory S. McGowan

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