ATLANTA , Georgia-- (BUSINESS WIRE)--Mar. 15, 2007 - February 28, 2007 (Atlanta, Georgia) – Mazzone & Associates is pleased to announce a successfully completed sell-side transaction for its client, Glasscock Company, to BB&T Capital Partners. BB&T Capital Partners provided equity capital and Royal Bank of Canada provided senior debt to recapitalize the company as part of the transition of leadership from Tom Glasscock to his son, Jamie Glasscock. Nelson Mullins Riley & Scarborough LLP was legal counsel for Glasscock Company and Helms Mulliss Wicker was legal counsel for BB&T Capital Partners. The terms of the transaction are not available for public disclosure.
“We are excited about the tremendous opportunities we have to drive sales, service and execution in our business with BB&T Capital as our financial partner.”
~ Chief Executive Officer, Jamie Glasscock
About Glasscock - Founded in 1963, Glasscock Company manufactures, mines and transports aggregates and ready mix concrete in the Carolinas, Georgia and Alabama. Glasscock’s preeminent position in these markets is a result of its long history, proprietary high quality sand quarries, outstanding service, sound strategy in planning and its experienced operations-oriented management team. With over 200 employees and a fleet of over 300 pneumatic tanks, tractor-trailer dumps, tri-axle-dumps, flatbed trucks and concrete mixers, Glasscock provides turn-key solutions for customers’ aggregates, transportation and ready-mix concrete needs.
About Mazzone & Associates - Mazzone & Associates is a mergers and acquisitions advisory firm providing comprehensive transactional services for middle market companies, private equity groups and individuals buying and selling companies, raising capital and structuring debt. They are a relationship focused firm with a genuine appreciation that their transactions represent “life events” for clients. This is particularly relevant for management teams, entrepreneurs and family-owned businesses who have substantial portions of their net wealth invested in their companies.
Mazzone & Associates has experience working on over 250 transactions valued in excess of $50 billion across a broad range of industries. Beyond transaction volume and diversity, their focus continues to be the single most important advantage they provide to their clients. Mazzone & Associates’ goal is to achieve the maximum results and value for their clients and their clients’ shareholders by executing transactions with the integrity, premium service and confidence that their clients want, require and deserve.
About BB&T Capital Partners - Headquartered in Winston-Salem, NC, BB&T Capital Partners manages over $400 million in committed capital and makes direct equity investments in and provides subordinated debt to privately-held middle market companies throughout the United States. Since 1998, BB&T Capital Partners has invested in a variety of industries, providing flexible junior capital to facilitate buyouts, acquisitions, growth and recapitalizations. BB&T Capital Partners is a patient, long-term investor committed to partnering with strong management teams that share our core values. BB&T Capital Partners is affiliated with BB&T Corp., one of the largest U.S. bank holding companies in the U.S.
About Royal Bank of Canada - Royal Bank of Canada offers a full suite of finance products. They bring expertise, technical support and the broad resources available through the RBC Financial GroupTM to their clients' businesses. With consistent relationship management, they focus on industry-specialized account management to enable them to understand their clients’ business models and trends. They offer one-stop shopping with both full-service banking (cash management, foreign exchange, treasury, term facilities, leasing) and asset based facilities available.
For detailed information on how the investment banking professionals at Mazzone & Associates can help your business or portfolio company, please call our office at 404.574.5745 or visit our web site at www.globalmna.com.
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