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TechAlloy Inc. has been acquired by Lincoln Electric Holdings, Inc.

TechAlloy Inc.

has been acquired by

Lincoln Electric Holdings, Inc. (Nasdaq: LECO)

Corporate Finance Associates
acted as exclusive advisor to TechAlloy Inc.

Situation: In late 2009, we introduced our client TechAlloy Welding Products of Perth, Ontario to NASDQ-listed Lincoln Electric Holdings, Inc. of Cleveland, Ohio. Lincoln’s management group agreed with us that the strategic fit was outstanding, however after extensive discussions, Lincoln’s Board of Directors decided to wait until the economy stabilized before moving forward with the acquisition negotiations.

Solution: In May 2011, Lincoln’s Board authorized management to resume the process. On July 29, 2011 Lincoln completed the acquisition of TechAlloy’s assets. Lincoln Electric is the world’s largest welding consumables manufacturer.