Recent Deals

Lydall, Inc. (NYSE: LDL) was looking to divest its non-core operating subsidiary, Lydall Transport, Ltd. (“Transport”).  Transport provides distribution, transportation and warehousing services and specializes in time-sensitive shipments and warehouse management for the paper and pulp industry.

Situation:

• Transport was no longer considered to be a core focus for its parent

Challenges:

• Management was seeking to quickly exit the business to focus on its core business operations
• Transport was facing difficulty in its current operating environment.  Increasing fuel costs and the loss of two key customers impacted interim profitability.

Successful Solution:

• Anderson LeNeave contacted numerous strategic and financial buyers
• Lydall Transport, Ltd. was sold to LTL Acquisition, LLC, a company formed by Pine Creek Partners, LLC and the transaction closed within 60 days of executing the LOI

‍