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Article: National City Capital Markets Advises Interstate Southwest, a Portfolio Company of Balmoral Fund I L.P., in its Sale to Ellwood Group.
- Article from:
- Investment Weekly News
- Article date:
- September 27, 2008
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Interstate Southwest LTD (ISW) announced that Ellwood Group Inc (EGI) acquired the company from Balmoral Fund I L.P. and senior management in a stock transaction effective August 31, 2008. The terms of the deal were not disclosed.
"We're extremely pleased that Ellwood has acquired Interstate," said George Thomas, the president of ISW. "Ellwood is a strong company in the business of manufacturing forgings and is dedicated to the business of operating companies for the long haul. I believe they will bring continued stability to the company for our employees, our customers and the community for many years."
Kevin Handerhan, the chief operating officer for ...