Collins Industries, Inc. (OTCPK:CNSI) was sold to Steel Partners II, L.P., a privately-owned hedge fund sponsor, in affiliation with American Industrial Partners, an operationally focused private equity firm. Collins Industries is a market leader in the manufacture of specialty vehicles, which include ambulances, small school buses, terminal trucks, road construction equipment and industrial sweepers.
"George K. Baum's thoroughness and thoughtfulness favorably positioned Collins as an attractive target for a broad universe of potential acquirors. GKB's attention to detail, effective management of the sale process and negotiating prowess resulted in a high degree of competitive tension at every stage of the sale process. These factors, combined with the Company's strong operating performance, allowed the shareholders to achieve a very favorable outcome in the form of the transaction with Steel Partners and American Industrial Partners."
Don L. Collins
Chairman and Chief Executive Officer Collins Industries, Inc.