DMCA Assists Renaissance Manufacturing Group in PurePOWER Acquisition
TROY, MICH. – May 12, 2015 – Michigan investment bank Doeren Mayhew Capital Advisors assisted Renaissance Manufacturing Group, LLC in acquiring the foundry operations of Navistar Inc.’s PurePOWER Technologies in Waukesha, Wis.
Acting as the exclusive financial advisors, the licensed investment bankers at Doeren Mayhew Capital Advisors assisted Wisconsin-based Renaissance Manufacturing Group in successfully completing the transaction and the placement of debt financing. The new entity, Renaissance Manufacturing Group – Waukesha Foundry LLC, will be formed with a group of managers with more than 150 years of casting experience.
“We are extremely grateful for all the work the team at Doeren Mayhew Capital Advisors has done to help us with this acquisition,” said Phil Knoebel, Renaissance Manufacturing Group owner. “It could not have been possible without Claudio Calado’s diligence and guidance throughout the transaction.”