News

26 September 2016

Miller Johnson represents General Products Corporation in the sale of Certain Facilities to Industrial Opportunity Partners’ AAA Sales & Engineering Platform

The Transaction
Miller Johnson represented General Products Corporation (GPC) in the 363 bankruptcy sale of GPC’s facilities in Angola, Indiana and San Lois Potosi, Mexico to AAA Sales & Engineering, Inc. (AAASE). AAASE is a platform company of Industrial Opportunity Partners (IOP), an operations-focused private equity firm based in Evanston, IL. The bankruptcy sale included all of the business, operations and assets of GPC’s Angola, Indiana facility as well as the stock of the subsidiary in Mexico that owned and operated the San Lois Potosi facility.

The transaction provides a strategic extension of AAASE’s products, manufacturing footprint and customer base within the automotive and medium/heavy duty truck industry. The combined organization maintains a solid reputation for quality product and on-time delivery with its customer base comprised of automotive, agriculture, commercial vehicle, construction, industrial, and energy manufacturers.

BlueWater Partners was the financial advisor and Miller Johnson was legal counsel to GPC in this transaction. Miller Johnson’s legal transaction team consisted of Bob Wolford (M&A and Bankruptcy), Max Barnes (M&A counsel), Dustin Daniels (M&A counsel), Brittany Harden (Corporate), Alan Schwartz (Environmental), Neil Williams (Tax), James Ens (Real Estate), John Piggins (Bankruptcy) and Jim Bruinsma (Employee Benefits).


General Products Corporation
(general-products.com) Founded in 1922, GPC was a supplier of machined castings and forgings to the automotive and commercial heavy duty truck industry with manufacturing locations in Indiana, Kentucky and Mexico.

AAA Sales & Engineering, Inc.
(aaase.com) Founded in 1968, AAASE provides high precision production machining services for a variety of OEMs handling projects from design and prototyping to finished product and post-production services.

Industrial Opportunity Partners
(iopfund.com) IOP is based in Evanston, IL and has committed capital of $460 million since its inception. IOP is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $350 million.


Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group is adept at negotiating, structuring, and advising clients with respect to the various challenges that arise in the context of mergers, acquisitions, dispositions or other business combinations.

Miller Johnson has a tier one ranking for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked among America’s best by Chambers USA. At the 2015 M&A Deals and Dealmakers Awards presented by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys were involved in a deal honored as a finalist for the Best Company Deal ($25 million to $150 Million) category. Another Miller Johnson transaction was a finalist at the national 2015 M&A Advisor Awards. For further information, please contact Robert D. Wolford at (616) 831-1726 or Dustin Daniels at (616) 831-1737.