Capstone Partners Recognized for Work on Ohio Art Acquisition of Allstate Can

Capstone Partners was honored as a finalist in several award categories by The M&A Advisor.

Boston, MA – Capstone Partners, a leading middle-market investment banking firm, is pleased to announce that its engagement on behalf of the Ohio Art Company during its acquisition of Allstate Can Corporation has been recognized by the M&A Advisor, which named the transaction its 2024 Consumer Discretionary Deal of the Year under $50MM.

“When our longstanding client, Ohio Art, began planning a strategic acquisition, we were excited to be able to introduce them to the professionals in Capstone’s FAS group, who provided a range of financial due diligence and transaction advisory services that supported them throughout the entire process,” said Eric Heintschel, Huntington Bank Market President, Northwest Ohio.  “With Capstone’s guidance and expertise, in partnership with Huntington Bank’s sales and credit team, we were able to put together a financing package that enabled Ohio Art to execute on this acquisition, further deepening this long-standing partnership.”

“We are honored to be included in this award from the M&A Advisor,” said Harvey Mason, a Managing Director in Capstone’s Financial Advisory Services (FAS) group. “This assignment was particularly noteworthy because of the breadth of services provided to the client, Ohio Art, as a result of the relationship between Huntington Bank and Capstone Partners. That level of integrated service is the compelling part of the story.”

In addition to buy-side transaction advisory services from the FAS group, Capstone’s Debt Advisory Group advised on the placement of a senior credit facility that helped fund the acquisition.

“This was a great opportunity to help a Huntington client and demonstrate the potential to provide seamless service and add exceptional value,” said Head of Capstone Debt Advisory Kent Brown, who led the financing process.

FAS Managing Director Harvey Mason (right) and FAS Associate Lori Powell (center) attended the 23rd Annual M&A Advisor Awards Gala in New York City and accepted the award on behalf of all the Capstone and Huntington professionals who supported Ohio Art throughout the process.

“We are incredibly proud to see the team recognized with this well-deserved honor by the M&A Advisor,” said Ohio Art CEO Elena West. “Capstone’s strategic vision and exceptional leadership were pivotal in guiding our merger and ensuring a seamless transition and a strong foundation for future growth. On behalf of the entire Ohio Art team, congratulations on this remarkable achievement!”

In addition to Consumer Discretionary Deal of the Year, Capstone Partners was also honored as a finalist for the 2024 Firm of the Year award at the event.

ABOUT THE M&A ADVISOR

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities and has since been established as the premier global network of M&A, Turnaround, and Finance professionals. Today, we have the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry’s top performers throughout the world with a comprehensive range of services. To learn more visit maadvisor.com.

ABOUT CAPSTONE PARTNERS

For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company’s lifecycle. Capstone’s services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit capstonepartners.com.

For More Information Contact:
Lorene Branch
Marketing Manager
248-219-5163
lbranch@capstonepartners.com

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