News Releases

Heritage Capital Group Announces the Sale of Atlantic International Distributors, Inc.

JANUARY 2013 - Heritage Capital Group is pleased to announce the sale of Atlantic International Distributors, Inc. to Arrowhead Electrical Products, Inc.

Atlantic International Distributors, Inc., doing business as Atlantic Quality Parts, is a distributor of aftermarket, OEM quality electrical, hydraulic, clutch, and engine components for agricultural machinery. The company provides over 5,000 items for tractor brands such as Ford/New Holland, Case/International Harvester, John Deere, Kubota, Massey Ferguson, and others. Atlantic is headquartered in Jacksonville, Florida.

Arrowhead Electrical Products, Inc. is a global distributor of aftermarket alternators, motors and other rotating electrical products, and components for the mobile equipment marketplace. Arrowhead is a portfolio company of Pfingsten Partners, an operationally focused private equity firm based in Chicago, Illinois.

Heritage Capital Group, an investment banking firm headquartered in Jacksonville, Florida, provided merger and acquisition advisory services to Atlantic which included transaction structuring, marketing, and negotiation. The transaction was managed by Don Wiggins, Doug Kravet, and Howard Serkin.

Ken Maszy, President of Atlantic said, “The Heritage team of Don, Doug, and Howard were instrumental in helping us select the right investment partner. They helped us evaluate potential suitors, negotiate the best terms, and navigate the challenges of due diligence and closing. The Heritage team was invaluable to us in the process.”

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