Madison Street Capital Advises Star Seismic on Sale of a Majority Stake to Vopne Capital
IL/Park City, UT -- (June, 2015) -- Madison Street Capital, LLC (Madison Street Capital) acted as the exclusive financial advisor to Star Seismic in its majority sale to Vopne Capital, a private equity firm based in San Francisco. Star Seismic is the international leader in the design, engineering and manufacture of buckling restrained braces, making seismic regions across the globe safer places to work and live. The company’s co-founders, Argan Johnson Jr. and Steve Powell, will remain as shareholders in the company and continue to lead the company in the future. The announcement was made by Charles Botchway, Chief Executive Officer of Madison Street Capital. The transaction team was led by Jay Rodgers, Managing Director at Madison Street Capital. Terms of the deal were not disclosed.
“We are pleased that we were able to assist the management team with their objective of finding a new equity partner who would be a great fit in terms of providing capital for growth and building a great future for the company. We believe we found that in Vopne Capital.”
“We are excited to partner with Argan and Steve as they continue to lead Star Seismic in the company’s next phase of growth and expansion,” stated Jim Bloom, Managing Partner at Vopne Capital, who joins Star Seismic as its Chairman.
About Madison Street Capital, LLC:
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com.
About Star Seismic:
Star Seismic, founded in 2002 and headquartered in Park City, Utah, is the world-leading designer, engineer and manufacturer of Buckling Restrained Braces. From steel and concrete to wood structures, Star Seismic BRB systems play a key role in a wide range of award-winning construction projects throughout the world. With over 22,000 braces and 450 projects in 11 countries, the company’s BRBs deliver superior seismic performance and are a cost-effective alternative to other braced or moment frames. Star Seismic’s braces provide safety, stability, and reliability in structures located in seismic regions throughout the world. For more information, visit www.starseismic.net.
About Vopne Capital:
Vopne Capital is a San Francisco-based private equity firm investing in growing, profitable, lower middle market companies. Vopne undertakes investments, recapitalizations and acquisitions of companies with strong management teams, outstanding customer service and unique products. Vopne targets a broad range of industries including: manufacturing, industrial, business services and healthcare. For more information, visit www.vopne.com.