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Ken- Mac Metals, Inc. A private metals Distribution Company acquired by a former operating executive whom Evarts was assisting in identifying targets of opportunity. The company had sales in the $15 million range, growing and profitable .He acquired the company using ABL financing, and SBIC subordinated debt together with his own funds. As a result of good management and excellent direction he sold the company fifteen years later to Thyssen Steel for a very large gain.

FMC Corporation engaged Evarts Capital to sell two SBU’s, its Sprayer Equipment Line and its Palletizer Line. Both were sold in six months – Sprayer to its largest competitor and Palletizer to a French competitor. Both were sold in roughly six months. Evarts was later engaged to sell two FMC west coast farm equipment SBU’s. Both were sold within six months.

Astro Metallurgical, a subsidiary of HARSCO Corporation was acquired by a new company established by two private equity firms, Primus Equity and PNC Equity to back management. Financing arranged by Evarts. The transaction was impacted midway in the process by significant environmental problems which were ultimately resolved.

Charterhouse International and an entrepreneur introduced by Evarts formed a NEWCO to acquire Carpenter Enterprises, an automotive machining company owned by JMAC of Columbus, Ohio. Financing issues were resolved by successful negotiations.

Midland Ross Corp. sold its Nelson Metal Products an aluminum die casting company to an operating executive whom Evarts represented. The company grew from $15 million to approximately $75 million in ten years. Midland Ross also sold its Plastics Materials Handling Division to Buckhorn Industries.

Midland Steel Products, Inc. acquired Slagle Manufacturing Inc., a heat exchanger manufacturer. Midland Steel was merged into Lamson &Sessions Co. a NYSE Cleveland Company on a reverse merger basis arranged by Evarts. This resulted in the former owner of Midland becoming the largest stockholder in Lamson & Sessions and ultimately becoming the CEO.

Carlon Products Co. Evarts continued its relationship with Lamson & Sessions by searching for target companies to acquire. EC identified Carlon Products, an American subsidiary of Thyssen-Bornemisza, as an excellent target. Carlon had been involved in an unsuccessful auction which was revealed to Evarts. The Carlon management and its owner remained interested in completing a sale. Although Carlon was twice the size of Lamson, creditability was issued by a bank letter of credit prior to an LOI. The transaction was completed which tripled the size of Lamson &Sessions, an NYSE public company.