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Butcher Joseph Hayes Advises Naumann Hobbs Material Handling Inc. in Recapitalization

Butcher Joseph Hayes

ST. LOUIS, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Butcher Joseph Hayes ("BJH"), an investment bank based in St Louis, MO that specializes in ESOP and other middle market M&A transactions served as exclusive financial advisor to Naumann Hobbs Material Handling, a 100% ESOP owned company, on the recapitalization of its balance sheet. The transaction, closed December 10, 2012, was the second transaction Butcher Joseph Hayes completed for the company, following the initial ESOP transaction in 2006.

Butcher Joseph Hayes was uniquely positioned to lead this transaction, as it understands the material-handling sector and the Naumann Hobbs business model.

To support the company's strategy of better positioning itself to take advantage of the recovery in the material-handling sector and emerging growth opportunities, Butcher Joseph Hayes went to a broad group of lenders and created a competitive process to obtain the best financing terms possible for its client. BJH raised senior debt, mezzanine debt and arranged equipment financing for Naumann Hobbs. "Management had a solid story to relay to the markets, as it once again demonstrated experience and skill in navigating successfully through challenging economic conditions," stated Albert del Pilar, Managing Director at Bucher Joseph Hayes.

HCI management remains significantly invested in Naumann Hobbs alongside the ESOP participants, who will benefit from a better-capitalized company that can use a greater portion of cash flows to support the business and create value.

About Butcher Joseph Hayes

Butcher Joseph Hayes is an investment bank headquartered in St Louis, MO with coverage in Chicago, Washington DC, Pittsburgh, PA and Charlotte, NC. BJH provides investment banking advisory services to lower middle market companies. With over $1.5 billion in successfully completed ESOP structured transactions, BJH is known as a leader in the ESOP field.

www.butcherjoseph.com

About Naumann Hobbs Material Handling Inc.

Naumann Hobbs is a full service material handling dealership that sells, leases, rents and services a variety of electric and internal combustion forklifts and other commercial products. The company operates along five lines of business that work together to provide the most attractive value proposition in this sector to the southwestern United States.

www.performancepeople.com

CONTACT: Ray Tarasi Director of Marketing and Business Development Butcher Joseph Hayes 7701 Forsyth Blvd, Suite 850 Clayton, MO 63105 PH: 314-558-5117 ray.tarasi@butcherjoseph.com www.butcherjoseph.com

Source:Butcher Joseph Hayes, LLC