MIRA INFORM REPORT

 

 

Report Date :

14.01.2014

 

IDENTIFICATION DETAILS

 

Name :

STANADYNE CORP

 

 

Registered Office :

92 Deerfield Road, Windsor, CT 06095

 

 

Country :

United States

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

14.12.1988

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Designer and manufacturer of engineered, precision manufactured engine components, including fuel injection equipment for diesel and gasoline engines.

 

 

No. of Employees :

2,010

 

RATING & COMMENTS

 

MIRAs Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

UNITED STATES - ECONOMIC OVERVIEW

 

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments.

 

Source : CIA

Company name and address

 

STANADYNE CORP

 

92 Deerfield Road, Windsor, CT 06095

United States

 

 

 

Tel:

860-525-0821

Fax:

860-683-4500

Toll Free:

800-929-0919

 

www.stanadyne.com

 

Employees:

2,010

Company Type:

Private Subsidiary

Corporate Family:

604 Companies

Ultimate Parent:

Kohlberg & Company, LLC

 

 

Incorporation Date:

14-Dec-1988

Auditor:

PricewaterhouseCoopers LLP

Financials in:

USD (In Millions)

Fiscal Year End:

31-Dec-2012

Reporting Currency:

US Dollar

Annual Sales:

251.5  1

Net Income:

0.3

Total Assets:

362.6  2

 

Business Description  

 

Stanadyne Corp (Stanadyne), is a designer and manufacturer of engineered, precision manufactured engine components, including fuel injection equipment for diesel and gasoline engines. The Company sells engine components to original equipment manufacturers (OEMs) in a range of applications, including agricultural and construction vehicles and equipment, industrial products, automobiles, light duty trucks and marine equipment. The Company sells replacement parts and units through all appropriate global channels to service its products, including the service organizations of its OEM customers, its own authorized network of distributors and dealers, and aftermarket distribution companies. Stanadyne, is a wholly-owned subsidiary of Stanadyne Intermediate Holdings Corp. For the nine months ended 30 September 2013, Stanadyne Corp revenues decreased 2% to $190.9M. Net loss totaled $16.8M vs. income of $478K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest expense increase of 16% to $17.6M (expense).

 

 

Industry  

 

 

Industry

Motor Vehicle Parts Manufacturing

ANZSIC 2006:

231 - Motor Vehicle and Motor Vehicle Part Manufacturing

ISIC Rev 4:

293 - Manufacture of parts and accessories for motor vehicles

NACE Rev 2:

293 - Manufacture of parts and accessories for motor vehicles

NAICS 2012:

336310 - Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

UK SIC 2007:

293 - Manufacture of parts and accessories for motor vehicles

US SIC 1987:

3714 - Motor Vehicle Parts and Accessories

 

 

Key Executives

 

Name

Title

Robert G. Isaman

President and Chief Executive Officer

Stephen S. Langin

Chief Financial Officer, Vice President, Corporate Secretary

Joseph M. Vorih

Vice President - Global Sales and Marketing

David P. Galuska

Chief Operating Officer

John A. Pinson

Vice President - Engineering, Chief Technology Officer

 

 

News

 

Title

Date

Patent Issued for Load Ring Mounting of Pumping Plunger Sleeve
Journal of Engineering (880 Words)

20-Nov-2013

Stanadyne Corp. Files SEC Form 10-Q, Quarterly Report [Sections 13 Or 15(D)] (Nov. 13, 2013)
Journal of Transportation (219 Words)

20-Nov-2013

Load ring mounting of pumping plunger sleeve
U.S. Patents (141 Words)

18-Nov-2013

Stanadyne Assigned Patent
Targeted News Service (74 Words)

18-Nov-2013

U.S. Patents Awarded to Inventors in Connecticut (Nov. 18)
Targeted News Service (1287 Words)

18-Nov-2013

US Patent granted to Stanadyne Corporation (Connecticut) on November 12 titled as "Load ring mounting of pumping plunger sleeve".
US Official News (191 Words)

13-Nov-2013

 

ABI Number: 422995159

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location
92 Deerfield Road
Windsor, CT, 06095
Hartford County
United States

 

Tel:

860-525-0821

Fax:

860-683-4500

Toll Free Tel:

800-929-0919

 

www.stanadyne.com

Sales USD(mil):

251.5

Assets USD(mil):

362.6

Employees:

2,010

Fiscal Year End:

31-Dec-2012

 

KeyIDSM:

251979

Industry:

Auto and Truck Parts

Incorporation Date:

14-Dec-1988

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

 

Director:

M. David Jones

 

 

Industry Codes

 

ANZSIC 2006 Codes:

231

-

Motor Vehicle and Motor Vehicle Part Manufacturing

 

ISIC Rev 4 Codes:

293

-

Manufacture of parts and accessories for motor vehicles

 

NACE Rev 2 Codes:

293

-

Manufacture of parts and accessories for motor vehicles

 

NAICS 2012 Codes:

336310

-

Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

 

US SIC 1987:

3714

-

Motor Vehicle Parts and Accessories

 

UK SIC 2007:

293

-

Manufacture of parts and accessories for motor vehicles

 

 

Business Description

 

Stanadyne Corp (Stanadyne), is a designer and manufacturer of engineered, precision manufactured engine components, including fuel injection equipment for diesel and gasoline engines. The Company sells engine components to original equipment manufacturers (OEMs) in a range of applications, including agricultural and construction vehicles and equipment, industrial products, automobiles, light duty trucks and marine equipment. The Company sells replacement parts and units through all appropriate global channels to service its products, including the service organizations of its OEM customers, its own authorized network of distributors and dealers, and aftermarket distribution companies. Stanadyne, is a wholly-owned subsidiary of Stanadyne Intermediate Holdings Corp. For the nine months ended 30 September 2013, Stanadyne Corp revenues decreased 2% to $190.9M. Net loss totaled $16.8M vs. income of $478K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest expense increase of 16% to $17.6M (expense).

 

 

More Business Descriptions

Establishments primarily engaged in manufacturing motor vehicle parts and accessories, but not engaged in manufacturing complete motor vehicles or passenger car bodies.

With over 130 years of machining experience and over 50 years as a supplier of diesel fuel injection equipment Stanadynes core competencies in product design precision machining and the assembly and testing of complex components have earned the Company a reputation for innovative high quality products. The Company possesses an extremely broad range of manufacturing technology and know-how and is capable of high-volume production runs machining high-quality components within tolerances of 0.0005 millimeters (20 millionths of an inch) on a cost effective basis. In addition to designing and manufacturing the Company has been successfully pursuing business to manufacture and assemble on an exclusive contract basis components designed by other companies. The Company sells engine components to original equipment manufacturers (OEMs) in a variety of applications including agricultural and construction vehicles and equipment industrial products automobiles light duty trucks and marine equipment. The aftermarket is a core element of the Companys operations. The Company sells replacement parts and units through all appropriate global channels to service its products including the service organizations of its OEM customers its own authorized network of distributors and dealers and major aftermarket distribution companies...

Stanadyne Corporation, formerly known as Hartford Machine Screw Company, deals in the development of automatic machines for screw production. The company is a supplier of diesel fuel injection equipment. It specializes in manufacturing, engineering, aftermarket and customer support services. Stanadyne Corporation sells engine components to original equipment manufacturers. The company serves the needs of clients in the agriculture, construction and automobile sectors. It offers a range of fuel pumps and injectors and diesel engine and fuel system components. Stanadyne Corporation also provides a variety of fuel filters, heaters, water separators and oil pumps. In addition, it distributes diesel fuel conditioners and stabilizers, as well as engine diagnostic equipment.

 

 

 

 

Location

92 Deerfield Rd
Windsor, CT 06095-4200
United States

 

County:

Hartford

 

Phone:

860-525-0821

Fax:

860-683-4500

Toll Free:

800-929-0919

ABI:

422995159

 

Annual Sales:

$245,761,000 (USD)

Employees:

1,175

 

Facility Size(ft2):

40,000+

 

Business Type:

Private

Location Type:

Subsidiary

Corp. Affiliation:

Kohlberg & Co LLC

 

 

Primary Line of Business:

SIC:

3714-06 - Fuel Injection Equipment & Service-Mfrs

NAICS:

336322 - Other Motor Vehicle Electric Equip Mfg

Secondary Lines of Business:

SICs:

3714-24 - Engines-Supplies-Equipment & Parts-Mfrs

 

9999-66 - Federal Government Contractors

NAICS:

336399 - All Other Motor Vehicle Parts Mfg

 

 

 

 

Similar Businesses in the Area *

 

International Fuel Systems
3541 Speedway Dr
Findlay, OH 45840-7229

A R Beatty Diesel Inc
5251 Kuhl Rd
Erie, PA 16510-4799

Airflow Performance
111 Air Flow Dr
Spartanburg, SC 29306-3993

Associated Fuel Pump Systems
1100 Scotts Bridge Rd
Anderson, SC 29621-7629

Stanadyne Corp
230 Clarks Neck Rd
Washington, NC 27889-8976

International Fuel Systems
2101 W Sylvania Ave
Toledo, OH 43613-4436

Holley Performance Products
1801 Russellville Rd
Bowling Green, KY 42101-3542

Synerject LLC
329 Hallberg St
Delavan, WI 53115-2023

Stanadyne Corp
405 White St
Jacksonville, NC 28546-6790

Diesel Specialist-Madison Inc
6129 US Highway 51
De Forest, WI 53532-2930

 

 

 

 

   * 

Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 3714-06 - Fuel Injection Equipment & Service-Mfrs) regardless of size.

 

 

 

Closest Neighbors

 

St Francis Occupational Health
100 Deerfield Rd
Windsor, CT 06095-4252

Taylor & Fenn Co
22 Deerfield Rd
Windsor, CT 06095-4237

Hectoroll
101 Deerfield Rd
Windsor, CT 06095-4208

Center For Occupational Health
100 Deerfield Rd Ste: 2
Windsor, CT 06095-4252

Royal Beginnings
75 Deerfield Rd
Windsor, CT 06095-4206

Elks Lodge
130 Deerfield Rd
Windsor, CT 06095-4252

Easter Seals-Medical Rehabilitation
100 Deerfield Rd
Windsor, CT 06095-4252

CVS/Pharmacy
484 Windsor Ave
Windsor, CT 06095-4401

 

 

 

 

Corporate Family

 

Corporate Structure News:

 

Total Corporate Family Members: 604

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Kohlberg & Company, LLC

Parent

Mount Kisco, NY

United States

Investment Services

 

23

Pittsburgh Glass Works, LLC

Holding

Pittsburgh, PA

United States

Holding Companies

 

4,400

PPG Auto Glass, LLC

Subsidiary

Tipton, PA

United States

Motor Vehicle Repair and Maintenance

 

1,100

Pittsburgh Glass Works

Branch

Evansville, IN

United States

Motor Vehicle Repair and Maintenance

65.0

500

Pittsburgh Glass Works

Branch

Crestline, OH

United States

Motor Vehicle Repair and Maintenance

52.5

470

Pittsburgh Glass Works

Branch

Cochranton, PA

United States

Motor Vehicle Repair and Maintenance

54.2

410

Pittsburgh Glass Works

Branch

Creighton, PA

United States

Motor Vehicle Repair and Maintenance

37.0

280

Pittsburgh Glass Works

Branch

Berea, KY

United States

Motor Vehicle Repair and Maintenance

21.2

200

Pittsburgh Glass Works

Branch

O Fallon, MO

United States

Motor Vehicle Repair and Maintenance

8.7

75

GTS Services, LLC

Subsidiary

Tigard, OR

United States

Software

0.5

60

Pittsburgh Glass Works

Branch

Chillicothe, OH

United States

Motor Vehicle Repair and Maintenance

5.6

50

LYNX Services, LLC

Subsidiary

Fort Myers, FL

United States

Insurance Agents

 

50

LYNX Services

Branch

Paducah, KY

United States

Insurance Services

65.1

350

LYNX Services

Branch

Sandersville, MS

United States

Miscellaneous Professional Services

0.7

3

LYNX Services

Branch

Mandeville, LA

United States

Home and Garden Retail

0.7

2

LYNX Services

Branch

Covington, LA

United States

Home and Garden Retail

0.7

2

Pittsburgh Glass Works

Branch

Talladega, AL

United States

Motor Vehicle Repair and Maintenance

4.8

40

Pittsburgh Glass Works

Branch

Westbrook, ME

United States

Motor Vehicle Repair and Maintenance

3.3

30

Pittsburgh Glass Works

Branch

Westwood, MA

United States

Motor Vehicle Repair and Maintenance

1.5

12

Pittsburgh Glass Works

Branch

Minneapolis, MN

United States

Motor Vehicle Repair and Maintenance

1.2

10

Pittsburgh Glass Works

Branch

Kansas City, MO

United States

Motor Vehicle Repair and Maintenance

1.2

10

Pittsburgh Glass Works

Branch

Albuquerque, NM

United States

Motor Vehicle Repair and Maintenance

1.1

10

Pittsburgh Glass Works

Branch

Salt Lake City, UT

United States

Motor Vehicle Repair and Maintenance

0.9

9

Pittsburgh Glass Works

Branch

Albany, NY

United States

Motor Vehicle Repair and Maintenance

1.5

8

Pittsburgh Glass Works

Branch

Nashville, TN

United States

Motor Vehicle Repair and Maintenance

0.9

8

Pittsburgh Glass Works

Branch

Maryland Heights, MO

United States

Motor Vehicle Repair and Maintenance

0.9

8

Pittsburgh Glass Works

Branch

Buffalo, NY

United States

Motor Vehicle Repair and Maintenance

1.1

6

Pittsburgh Glass Works

Branch

East Peoria, IL

United States

Motor Vehicle Repair and Maintenance

0.9

6

Pittsburgh Glass Works

Branch

Warminster, PA

United States

Motor Vehicle Repair and Maintenance

0.8

6

Pittsburgh Glass Works

Branch

Warren, MI

United States

Motor Vehicle Repair and Maintenance

0.7

6

Pittsburgh Glass Works

Branch

Livonia, MI

United States

Motor Vehicle Repair and Maintenance

0.7

6

Pittsburgh Glass Works

Branch

Greenville, SC

United States

Motor Vehicle Repair and Maintenance

0.6

6

Pittsburgh Glass Works

Branch

North Charleston, SC

United States

Motor Vehicle Repair and Maintenance

0.6

6

Pittsburgh Glass Works

Branch

Colorado Springs, CO

United States

Motor Vehicle Repair and Maintenance

0.7

5

Pittsburgh Glass Works

Branch

Westbrook, ME

United States

Motor Vehicle Repair and Maintenance

0.6

5

Pittsburgh Glass Works

Branch

Fargo, ND

United States

Motor Vehicle Repair and Maintenance

0.5

5

Pittsburgh Glass Works

Branch

Florence, SC

United States

Motor Vehicle Repair and Maintenance

0.4

4

Pittsburgh Glass Works

Branch

Grand Junction, CO

United States

Motor Vehicle Repair and Maintenance

0.3

2

Expera Specialty Solutions, LLC

Subsidiary

Kaukauna, WI

United States

Paper Product Manufacturing

 

2,400

Packaging Dynamics Inc.

Subsidiary

Chicago, IL

United States

Rubber and Plastic Product Manufacturing

361.0

1,330

Bagcraft Packaging, LLC

Subsidiary

Chicago, IL

United States

Rubber and Plastic Product Manufacturing

 

400

Bagcraft Papercon

Branch

City Of Industry, CA

United States

Paper Product Manufacturing

19.3

85

Bagcraft Papercon

Branch

Fort Madison, IA

United States

Paper Product Manufacturing

243.4

70

Packaging Dynamics-Bagcraft

Branch

Chicago, IL

United States

Paper Product Manufacturing

59.8

230

De Luxe Paper Products Inc

Subsidiary

Montréal-Est, QC

Canada

Paper Product Manufacturing

134.1

225

Papercon, Inc.

Subsidiary

Atlanta, GA

United States

Rubber and Plastic Product Manufacturing

 

140

Deluxe Packaging Corp

Branch

Saugerties, NY

United States

Miscellaneous Professional Services

4.2

22

Packaging Dynamics

Branch

Vancouver, WA

United States

Paper Wholesale

17.4

6

Packaging Dynamics

Branch

Kansas City, MO

United States

Paper Product Manufacturing

2.5

6

Packaging Dynamics

Branch

Kimberly, WI

United States

Paper Wholesale

6.9

3

Thilmany Nicolet Mill

Branch

De Pere, WI

United States

Paper Product Manufacturing

67.4

300

Expera Specialty Solutions - Nicolet Mill

Facility

De Pere, WI

United States

Paper Product Manufacturing

 

300

Phillips-Medisize Corporation

Holding

Hudson, WI

United States

Rubber and Plastic Product Manufacturing

490.0

2,100

Phillips-Medisize

Branch

Eau Claire, WI

United States

Medical Equipment and Supplies

456.7

1,700

Medisize Oy

Subsidiary

Vantaa

Finland

Medical Equipment and Supplies

77.0

837

Phillips-Medisize - Lehmo

Subsidiary

Lehmo

Finland

Medical Equipment and Supplies

 

 

Phillips-Medisize

Branch

Medford, WI

United States

Medical Equipment and Supplies

86.0

320

Phillips-Medisize

Branch

Eau Claire, WI

United States

Medical Equipment and Supplies

72.5

270

Phillips-Medisize

Branch

Eau Claire, WI

United States

Medical Equipment and Supplies

72.5

270

Phillips-Medisize

Branch

New Richmond, WI

United States

Medical Equipment and Supplies

61.8

230

Phillips-Medisize

Branch

Menomonie, WI

United States

Medical Equipment and Supplies

59.1

220

Medisize B.V.

Subsidiary

Hillegom

Netherlands

Medical Equipment and Supplies

6.3

80

Phillips-Medisize Metal Injctn

Branch

Menomonie, WI

United States

Medical Equipment and Supplies

16.1

60

Phillips Plastic Technical Development Center

Unit

Prescott, WI

United States

Rubber and Plastic Product Manufacturing

 

60

Phillips-Medisize

Branch

Clifton Springs, NY

United States

Medical Equipment and Supplies

2.4

10

Phillips-Medisize

Branch

Byron Center, MI

United States

Medical Equipment and Supplies

2.3

7

Phillips-Medisize

Branch

Livermore, CA

United States

Medical Equipment and Supplies

1.9

7

Phillips-Medisize

Branch

Phillips, WI

United States

Medical Equipment and Supplies

1.9

7

Phillips-Medisize

Branch

Menomonie, WI

United States

Medical Equipment and Supplies

1.9

7

Phillips-Medisize Tech Center

Branch

Menomonie, WI

United States

Medical Equipment and Supplies

1.9

7

Phillips-Medisize

Branch

Sunnyvale, CA

United States

Medical Equipment and Supplies

0.8

3

Phillips-Medisize

Branch

Franklinton, NC

United States

Medical Equipment and Supplies

0.3

1

Phillips-Medisize

Branch

West Bloomfield, MI

United States

Medical Equipment and Supplies

0.3

1

Stanadyne Corp

Subsidiary

Windsor, CT

United States

Motor Vehicle Parts Manufacturing

251.5

2,010

Stanadyne Corp

Branch

Washington, NC

United States

Motor Vehicle Parts Manufacturing

193.2

450

Stanadyne Corp

Branch

Jacksonville, NC

United States

Motor Vehicle Parts Manufacturing

128.8

300

Stanadyne SpA

Subsidiary

Castenedolo, Brescia

Italy

Machinery and Equipment Manufacturing

24.3

190

Stanadyne (Changshu) Corporation

Subsidiary

Changshu, Jiangsu

China

Motor Vehicle Parts Manufacturing

6.7

100

Sabre Industries, Inc.

Holding

Alvarado, TX

United States

Civil Engineering

 

909

CellXion LLC

Division

Bossier City, LA

United States

Civil Engineering

 

500

Sabre Building Systs-Cell Xion

Branch

Las Vegas, NV

United States

Telecommunications Resellers

1.1

3

Sabre Building Systs-Cell Xion

Branch

Newark Valley, NY

United States

Wireless Telecommunications Carriers

1.4

2

Cellxion Lightweight Division LLC

Division

Bossier City, LA

United States

Metal Products Manufacturing

15.2

 

Sabre Communications Corp.

Subsidiary

Sioux City, IA

United States

Communications Equipment Manufacturing

 

321

Sabre Towers & Poles

Branch

North Wales, PA

United States

Metal Products Manufacturing

2.1

7

Sabre Towers & Poles

Branch

Ladera Ranch, CA

United States

Metal Products Manufacturing

1.7

6

Sabre Towers & Poles

Branch

Canton, IL

United States

Metal Products Manufacturing

1.0

3

Sabre Galvanizing

Branch

Alvarado, TX

United States

Miscellaneous Manufacturing

29.8

60

Sabre Turnkey Solutions

Branch

Edmond, OK

United States

Telecommunications Resellers

18.6

50

Sabre Site Solutions

Branch

Sioux City, IA

United States

Electronics Wholesale

63.3

30

Midwest Underground Technology, Inc.

Subsidiary

Champaign, IL

United States

Civil Engineering

5.1

15

Sabre Tubular Structures

Branch

Ellwood City, PA

United States

Metals and Minerals Wholesale

19.0

8

Sabre Integrated Services

Branch

Indianapolis, IN

United States

Consulting Services

0.6

5

Sabre Industries

Branch

Williamsport, PA

United States

Miscellaneous Telecommunication Services

1.7

3

Sabre Industries

Branch

Niceville, FL

United States

Miscellaneous Telecommunication Services

1.6

3

Sabre Government Systems

Branch

Escondido, CA

United States

Consulting Services

0.1

1

Aurora Casket Company, Inc.

Holding

Aurora, IN

United States

Miscellaneous Manufacturing

 

700

Rob-Win Press, Inc.

Subsidiary

Allentown, PA

United States

Printing

5.2

27

Aurora Casket Co

Branch

Cayce, SC

United States

Machinery Wholesale

31.2

16

Aurora Casket Co

Branch

Walton, KY

United States

Machinery Wholesale

13.7

7

Aurora Casket Co

Branch

Lawrenceburg, IN

United States

Miscellaneous Manufacturing

1.6

7

Aurora Casket Co

Branch

Allentown, PA

United States

Miscellaneous Manufacturing

1.4

7

Aurora Casket Co

Branch

Lincoln, RI

United States

Miscellaneous Manufacturing

0.9

7

Aurora Casket Co

Branch

Libertyville, IL

United States

Machinery Wholesale

10.8

5

Aurora Casket Co

Branch

Fargo, ND

United States

Machinery Wholesale

9.9

5

Aurora Casket Co

Branch

West Point, MS

United States

Machinery Wholesale

9.9

5

Aurora Casket Co

Branch

Columbus, OH

United States

Machinery Wholesale

9.8

5

Aurora Casket Co

Branch

Ravenna, OH

United States

Machinery Wholesale

9.8

5

Aurora Casket Co

Branch

Chino, CA

United States

Machinery Wholesale

9.0

4

Aurora Casket Co

Branch

Knoxville, TN

United States

Machinery Wholesale

8.0

4

Aurora Casket Co

Branch

Shakopee, MN

United States

Machinery Wholesale

7.7

4

Aurora Casket Co

Branch

Charleston, WV

United States

Machinery Wholesale

7.4

4

Aurora Casket Co

Branch

Union, MO

United States

Miscellaneous Manufacturing

0.8

4

Aurora Casket Co

Branch

Euless, TX

United States

Machinery Wholesale

6.8

3

Aurora Casket Co

Branch

Houston, TX

United States

Machinery Wholesale

6.8

3

Aurora Casket Co

Branch

West Sacramento, CA

United States

Machinery Wholesale

6.7

3

Aurora Casket Co

Branch

Sandoval, IL

United States

Machinery Wholesale

6.5

3

Aurora Casket Warehouse

Branch

Tonawanda, NY

United States

Machinery Wholesale

6.4

3

Aurora Casket Co

Branch

Watervliet, NY

United States

Machinery Wholesale

6.4

3

Aurora Casket Co

Branch

Hialeah, FL

United States

Machinery Wholesale

6.4

3

Aurora Casket Co

Branch

Salt Lake City, UT

United States

Machinery Wholesale

6.4

3

Aurora Casket Co

Branch

Jessup, MD

United States

Machinery Wholesale

6.4

3

Aurora Casket Co

Branch

Braddock, PA

United States

Machinery Wholesale

6.2

3

Aurora Casket Co

Branch

Kernersville, NC

United States

Machinery Wholesale

6.1

3

Aurora Casket Co

Branch

Norfolk, VA

United States

Machinery Wholesale

6.1

3

Aurora Casket Co

Branch

Omaha, NE

United States

Machinery Wholesale

6.1

3

Aurora Casket Co

Branch

Grand Coteau, LA

United States

Machinery Wholesale

6.1

3

Aurora Casket Co

Branch

Whites Creek, TN

United States

Machinery Wholesale

6.0

3

Aurora Casket Co

Branch

Leeds, AL

United States

Machinery Wholesale

6.0

3

Aurora Casket Co

Branch

Ridgeland, MS

United States

Machinery Wholesale

6.0

3

Aurora Casket Co

Branch

Bremen, IN

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Aurora, IN

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Aurora, IN

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Aurora, IN

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Owensboro, KY

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Louisville, KY

United States

Machinery Wholesale

5.9

3

Aurora Casket Co

Branch

Plymouth, MI

United States

Machinery Wholesale

5.8

3

Aurora Casket Co

Branch

Lodi, WI

United States

Machinery Wholesale

5.6

3

Aurora Casket Co

Branch

De Witt, IA

United States

Machinery Wholesale

5.5

3

Aurora Casket Co

Branch

Pleasant Hill, IA

United States

Machinery Wholesale

5.5

3

Aurora Casket Co

Branch

Suwanee, GA

United States

Death Care Services

0.4

3

Aurora Casket Co

Branch

Lubbock, TX

United States

Machinery Wholesale

4.5

2

Aurora Casket Co

Branch

Austin, TX

United States

Machinery Wholesale

4.5

2

Aurora Casket Co

Branch

Beacon Falls, CT

United States

Machinery Wholesale

4.4

2

Aurora Casket Co

Branch

Syracuse, NY

United States

Machinery Wholesale

4.3

2

Aurora Casket Co

Branch

Phoenix, AZ

United States

Machinery Wholesale

4.3

2

Aurora Casket Co

Branch

Tulsa, OK

United States

Machinery Wholesale

4.2

2

Aurora Casket Co

Branch

Albuquerque, NM

United States

Machinery Wholesale

4.2

2

Aurora Casket Co

Branch

Hatfield, PA

United States

Machinery Wholesale

4.1

2

Aurora Casket Co

Branch

Valdosta, GA

United States

Machinery Wholesale

4.1

2

Aurora Casket Co

Branch

Christiansburg, VA

United States

Machinery Wholesale

4.1

2

Aurora Casket Co

Branch

Hastings, NE

United States

Machinery Wholesale

4.1

2

Aurora Casket Co

Branch

Grand Coteau, LA

United States

Machinery Wholesale

4.1

2

Aurora Casket Co

Branch

Benton, KY

United States

Machinery Wholesale

3.9

2

Aurora Casket Co

Branch

Cayce, SC

United States

Machinery Wholesale

3.9

2

Aurora Casket Co

Branch

Shawano, WI

United States

Machinery Wholesale

3.8

2

Aurora Casket Co

Branch

Indianapolis, IN

United States

Miscellaneous Manufacturing

0.5

2

Aurora Casket Co

Branch

Galesburg, MI

United States

Machinery Wholesale

1.9

1

AGY Holding Corp

Subsidiary

Aiken, SC

United States

Clothing and Apparel Manufacturing

236.5

600

Agy Aiken LLC

Branch

Aiken, SC

United States

Textile Manufacturing

12.1

50

AGY

Branch

Anderson, SC

United States

Textile Manufacturing

1.2

5

Nellson Nutraceutical, LLC

Subsidiary

Irwindale, CA

United States

Food Manufacturing

105.9

600

Katy Industries, Inc.

Subsidiary

Bridgeton, MO

United States

Machinery and Equipment Manufacturing

100.5

533

Contico Manufacturing, L.L.C.

Subsidiary

Saint Louis, MO

United States

Rubber and Plastic Product Manufacturing

70.0

1,600

Curver UK Ltd.

Subsidiary

REDRUTH

United Kingdom

Rubber and Plastic Product Manufacturing

19.8

89

Contico International,Inc.

Subsidiary

 

United Kingdom

 

 

 

Glit/Microtron

Branch

Wrens, GA

United States

Machinery Wholesale

693.3

280

Wilen Products Inc

Subsidiary

Atlanta, GA

United States

Miscellaneous Manufacturing

 

150

Glit Gemtex

Subsidiary

Etobicoke, ON

Canada

Non-Metallic Mineral Product Manufacturing

24.5

60

Disco

Subsidiary

McDonough, GA

United States

Non-Metallic Mineral Product Manufacturing

106.4

50

Glit/GemTex

Branch

Toronto, ON

Canada

Machinery and Equipment Manufacturing

36.8

50

Woods Industries (Canada) Inc

Subsidiary

Scarborough, ON

Canada

Electrical Equipment and Appliances Manufacturing

13.2

50

DuckBack Products

Subsidiary

Chico, CA

United States

Paint, Coating, and Adhesive Manufacturing

 

36

Duckback Products

Branch

West Jordan, UT

United States

Miscellaneous Wholesale

6.6

4

Duckback Products

Branch

Hillsboro, OR

United States

Home and Garden Retail

1.3

4

American Gage & Machine Company

Subsidiary

Bridgeton, MO

United States

Machinery and Equipment Manufacturing

 

20

Continental Commercial Products

Branch

Hazelwood, MO

United States

Rubber and Plastic Product Manufacturing

3.1

11

Contico International, L.L.C.

Subsidiary

 

United Kingdom

 

 

 

Bauer Performance Sports Ltd

Holding

Exeter, NH

United States

Miscellaneous Manufacturing

399.6

389

Bauer Hockey, Inc.

Subsidiary

Greenland, NH

United States

Miscellaneous Wholesale

90.0

150

Bauer Nike Hockey

Subsidiary

Saint-Jerome, QC

Canada

Miscellaneous Manufacturing

0.8

130

Bauer Hockey GmbH

Subsidiary

Rosenheim, Bayern

Germany

Miscellaneous Manufacturing

 

20

Bauer Hockey

Branch

New York, NY

United States

Sporting Goods and Recreation Stores

0.7

4

Bauer Hockey

Branch

Wausau, WI

United States

Sporting Goods and Recreation Stores

0.2

1

Mission Hockey

Subsidiary

Irvine, CA

United States

Sporting Goods and Recreation Stores

 

60

Mission Hockey

Branch

Irvine, CA

United States

Sporting Goods and Recreation Stores

0.6

3

Inaria International Inc

Subsidiary

York, ON

Canada

Sporting Goods and Recreation Stores

7.6

40

Combat Sports

Subsidiary

Kent, WA

United States

Advertising Services

2.4

10

Combat Sports Inc

Branch

Gloucester, ON

Canada

Miscellaneous Manufacturing

3.9

10

Maverik Lacrosse

Subsidiary

New York, NY

United States

Miscellaneous Manufacturing

 

7

Cascade Helmet Co

Subsidiary

Liverpool, NY

United States

Miscellaneous Manufacturing

 

 

VSM Group AB

Subsidiary

Husqvarna

Sweden

Electrical Equipment and Appliances Manufacturing

93.1

330

Vsm Software Ltd

Subsidiary

Woodford Green

United Kingdom

Computer System Design Services

1.5

11

Emnet Software Ltd.

Subsidiary

Woodford Green

United Kingdom

Computer System Design Services

 

25

Nielsen & Bainbridge, LLC

Holding

Paramus, NJ

United States

Miscellaneous Manufacturing

 

240

Nielsen & Bainbridge, LLC - Nielsen Manufacturing

Facility

Gainesboro, TN

United States

Miscellaneous Manufacturing

 

300

Nielsen & Bainbridge

Branch

Whittier, CA

United States

Miscellaneous Manufacturing

8.9

50

Nielsen & Bainbridge

Branch

Bedford Park, IL

United States

Miscellaneous Manufacturing

6.5

32

Nielsen Design GmbH

Subsidiary

Rheda-Wiedenbrück, Nordrhein-Westfalen

Germany

Miscellaneous Store Retailers

51.2

25

Nielsen & Bainbridge

Branch

Bridgeview, IL

United States

Home Furnishings Wholesale

12.3

5

Trico Products Corporation

Holding

Rochester Hills, MI

United States

Motor Vehicle Parts Manufacturing

370.0

200

Trico Products - Brownsville

Subsidiary

Brownsville, TX

United States

Motor Vehicle Parts Manufacturing

18.7

500

Tridon Inc.

Subsidiary

Smyrna, TN

United States

Metal Products Manufacturing

81.6

300

Trico Electronics

Subsidiary

Springfield, TN

United States

Motor Vehicle Parts Manufacturing

 

130

Trico Automotive Systems Co., Ltd

Subsidiary

Suzhou

China

Construction and Hardware Materials Wholesale

 

100

Trico Latinoamericana SA

Subsidiary

Buenos Aires

Argentina

Motor Vehicle Parts Manufacturing

 

96

Trico Ltd.

Subsidiary

Pontypool

United Kingdom

Miscellaneous Transportation Equipment Manufacturing

18.6

40

Trico Pty. Limited

Subsidiary

Clayton South, VIC

Australia

Motor Vehicle Parts Manufacturing

 

20

Trico Products

Branch

Springfield, TN

United States

Motor Vehicle and Parts Dealers

0.7

4

Trico Componentes S.A. de C.V.

Subsidiary

Matamoros

Mexico

Motor Vehicle Parts Manufacturing

 

 

International Converter Inc

Subsidiary

Caldwell, OH

United States

Paper Product Manufacturing

 

100

International Converter

Subsidiary

Iuka, MS

United States

Metal Products Manufacturing

10.6

45

Southern Care Inc

Subsidiary

Vestavia, AL

United States

Home Health Care Services

 

80

Southern Care

Branch

Daphne, AL

United States

Home Health Care Services

11.5

150

Southern Care Alexander City

Branch

Alexander City, AL

United States

Home Health Care Services

5.7

75

Southern Care Birmington

Branch

Center Point, AL

United States

Home Health Care Services

5.4

70

Southern Care

Branch

Muscle Shoals, AL

United States

Home Health Care Services

4.6

60

Southern Care

Branch

Evansville, IN

United States

Home Health Care Services

4.1

54

Southern Care Kokomo

Branch

Kokomo, IN

United States

Home Health Care Services

3.8

50

Southern Care Saginaw

Branch

Saginaw, MI

United States

Home Health Care Services

3.5

45

Southern Care

Branch

Hanceville, AL

United States

Home Health Care Services

3.1

40

Southern Care Muncie

Branch

Muncie, IN

United States

Home Health Care Services

3.0

40

Southern Care Hattiesburg

Branch

Hattiesburg, MS

United States

Home Health Care Services

3.0

39

Southern Care Fort Wayne

Branch

Fort Wayne, IN

United States

Home Health Care Services

2.9

38

Southern Care

Branch

Lucedale, MS

United States

Home Health Care Services

2.7

35

Southern Care Indianapolis

Branch

Indianapolis, IN

United States

Home Health Care Services

2.6

35

Southern Care Green Bay

Branch

Green Bay, WI

United States

Home Health Care Services

2.6

35

Southern Care

Branch

Huntsville, AL

United States

Home Health Care Services

2.6

34

Southern Care Youngstown

Branch

Youngstown, OH

United States

Home Health Care Services

2.4

34

Southern Care Macon

Branch

Macon, GA

United States

Home Health Care Services

2.5

30

Southern Care

Branch

San Antonio, TX

United States

Home Health Care Services

2.4

30

Southern Care

Branch

Clinton, MS

United States

Home Health Care Services

2.3

30

Southern Care Newton Inc

Branch

Newton, MS

United States

Home Health Care Services

2.3

30

Southern Care Altoona

Branch

Roaring Spring, PA

United States

Home Health Care Services

2.3

30

Southern Care Florence

Branch

Florence, SC

United States

Home Health Care Services

2.3

28

Southern Care

Branch

Mishawaka, IN

United States

Home Health Care Services

2.1

28

Southern Care

Branch

Demopolis, AL

United States

Home Health Care Services

2.1

27

Southern Care Williamsport

Branch

Montoursville, PA

United States

Home Health Care Services

2.0

27

Southern Care Greenville

Branch

Greenville, SC

United States

Home Health Care Services

2.1

26

Southern Care Aiken

Branch

Aiken, SC

United States

Home Health Care Services

2.1

25

Southern Care Tupelo

Branch

Tupelo, MS

United States

Home Health Care Services

1.9

25

Southern Care

Branch

Tupelo, MS

United States

Home Health Care Services

1.9

25

Southern Care

Branch

Gadsden, AL

United States

Home Health Care Services

1.9

25

Southern Care Purdue

Branch

Lafayette, IN

United States

Home Health Care Services

1.9

25

Southern Care

Branch

Vidalia, GA

United States

Home Health Care Services

2.0

24

Southern Care

Branch

Grove Hill, AL

United States

Home Health Care Services

1.8

24

Southern Care

Branch

Franklin, TN

United States

Home Health Care Services

1.9

23

Southern Care Jackson Ann Arbr

Branch

Jackson, MI

United States

Home Health Care Services

1.8

23

Southern Care

Branch

Clanton, AL

United States

Home Health Care Services

1.7

22

Southern Care Longview

Branch

Longview, TX

United States

Home Health Care Services

1.6

21

Southern Care WACO

Branch

Hewitt, TX

United States

Home Health Care Services

1.6

21

Southern Care Moultrie

Branch

Moultrie, GA

United States

Home Health Care Services

1.7

20

Southern Care North Charleston

Branch

Charleston, SC

United States

Home Health Care Services

1.6

20

Southern Care

Branch

Lexington, SC

United States

Home Health Care Services

1.6

20

Southern Care

Branch

Staunton, VA

United States

Home Health Care Services

1.6

20

Southern Care College Station

Branch

College Station, TX

United States

Home Health Care Services

1.6

20

Southern Care

Branch

Irving, TX

United States

Home Health Care Services

1.6

20

Southern Care Meridian

Branch

Meridian, MS

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Biloxi, MS

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Kalamazoo, MI

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Detroit, MI

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Jackson, MI

United States

Home Health Care Services

1.5

20

Southern Care Bessemer

Branch

Vestavia, AL

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Dothan, AL

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Greenville, AL

United States

Home Health Care Services

1.5

20

Southern Care Birmingham

Branch

Birmingham, AL

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Dothan, AL

United States

Home Health Care Services

1.5

20

Southern Care Sylacauga

Branch

Alexander City, AL

United States

Home Health Care Services

1.5

20

Southern Care Purdue

Branch

Lafayette, IN

United States

Home Health Care Services

1.5

20

Southern Care New Castle

Branch

New Castle, PA

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Altoona, PA

United States

Home Health Care Services

1.5

20

Southern Care Baton Rouge

Branch

Prairieville, LA

United States

Home Health Care Services

1.5

20

Southern Care Lake Charles

Branch

Lake Charles, LA

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Prairieville, LA

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Baton Rouge, LA

United States

Home Health Care Services

1.5

20

Southern Care

Branch

Mansfield, OH

United States

Home Health Care Services

1.4

20

Southern Care

Branch

Lenexa, KS

United States

Home Health Care Services

1.4

20

Southern Care Hospice

Branch

Frontenac, KS

United States

Home Health Care Services

1.4

20

Southern Care

Branch

Harrisonburg, VA

United States

Home Health Care Services

1.5

18

Southern Care

Branch

Biloxi, MS

United States

Home Health Care Services

1.4

18

Southern Care New Castle

Branch

New Castle, PA

United States

Home Health Care Services

1.4

18

Southern Care

Branch

Brookhaven, MS

United States

Home Health Care Services

1.3

17

Southern Care Lawrence

Branch

Lenexa, KS

United States

Home Health Care Services

1.2

17

Southern Care Columbia

Branch

Columbia, SC

United States

Home Health Care Services

1.3

16

Southern Care Scranton

Branch

Scranton, PA

United States

Home Health Care Services

1.2

16

Southern Care Excelsior Sprngs

Branch

Lees Summit, MO

United States

Home Health Care Services

1.2

16

Southern Care

Branch

Athens, GA

United States

Home Health Care Services

1.3

15

Southern Care Roanoke

Branch

Roanoke, VA

United States

Home Health Care Services

1.2

15

Southern Care Denton

Branch

Denton, TX

United States

Home Health Care Services

1.2

15

Southern Care

Branch

Northport, AL

United States

Home Health Care Services

1.1

15

Southern Care Bloomington

Branch

Bloomington, IN

United States

Home Health Care Services

1.1

15

Southern Care

Branch

Lafayette, LA

United States

Home Health Care Services

1.1

15

Southern Care

Branch

Shreveport, LA

United States

Home Health Care Services

1.1

15

Southern Care

Branch

Thibodaux, LA

United States

Home Health Care Services

1.1

15

Southern Care Hospice

Branch

Batesville, MS

United States

Home Health Care Services

1.1

14

Southern Care Washington

Branch

Washington, PA

United States

Home Health Care Services

1.1

14

Southern Care Meadville

Branch

Meadville, PA

United States

Home Health Care Services

1.1

14

Southern Care Toledo

Branch

Toledo, OH

United States

Home Health Care Services

1.0

14

Southern Care

Branch

Pittsburg, KS

United States

Home Health Care Services

0.9

13

Southern Care Monroe

Branch

Monroe, LA

United States

Home Health Care Services

0.9

12

Southern Care Houma

Branch

Thibodaux, LA

United States

Home Health Care Services

0.9

12

Southern Care Fort Worth

Branch

Fort Worth, TX

United States

Home Health Care Services

0.8

10

Southern Care Madison

Branch

Madison, WI

United States

Home Health Care Services

0.7

10

Southern Care

Branch

Springfield, MO

United States

Home Health Care Services

0.7

10

Southern Care Saint Louis

Branch

St Louis, MO

United States

Home Health Care Services

0.7

10

Southern Care Des Moines

Branch

Urbandale, IA

United States

Home Health Care Services

0.6

10

Southern Care

Branch

Montgomery, AL

United States

Home Health Care Services

0.4

5

Southern Care Terre Haute

Branch

Terre Haute, IN

United States

Home Health Care Services

0.2

2

E Plus Cancer Care

Subsidiary

Nashville, TN

United States

Nursing and Residential Care

 

46

E Plus Cancer Care

Branch

Gainesville, FL

United States

Nursing and Residential Care

1.1

15

Kellermeyer Bergensons Services LLC

Subsidiary

Maumee, OH

United States

Building and Dwelling Services

 

45

Kellermeyer Bergensons Services

Branch

Grand Forks, ND

United States

Building and Dwelling Services

2.9

71

Kellermeyer Bergensons Services

Branch

Oceanside, CA

United States

Specialty Construction Trade Contractors

1.9

30

Kellermeyer Bergensons Services

Branch

Franklin, MA

United States

Specialty Construction Trade Contractors

0.4

5

Kellermeyer Bergensons Services

Branch

Spring Grove, IL

United States

Specialty Construction Trade Contractors

0.3

5

Kellermeyer Bergensons Services

Branch

Southfield, MI

United States

Building and Dwelling Services

0.2

3

Hawkeye Pedershaab Concrete

Subsidiary

Mediapolis, IA

United States

Cement and Concrete Product Manufacturing

 

11

Kohlberg & Co

Branch

Portola Valley, CA

United States

Investment Banking

 

4

Chronos Life Group

Subsidiary

Mt Kisco, NY

United States

Social and Rehabilitation Services

 

4

Life Equity LLC

Branch

Hudson, OH

United States

Social and Rehabilitation Services

 

25

SVP Worldwide, LLC

Holding

La Vergne, TN

United States

Holding Companies

 

3

VSM Group AB

Subsidiary

Huskvarna

Sweden

Holding Companies

 

100

VSM Sewing Inc.

Subsidiary

La Vergne, TN

United States

Electronics Wholesale

307.3

350

Viking Sewing Gallery

Branch

Ann Arbor, MI

United States

Appliance Repair and Maintenance

2.8

21

Viking Sewing Gallery

Branch

Fort Worth, TX

United States

Textile Manufacturing

7.9

15

VSM Sewing

Branch

Ontario, CA

United States

Electronics and Appliances Stores

3.1

10

Viking & White Sewing Gallery

Branch

Middletown, NY

United States

Electronics and Appliances Stores

3.0

10

Viking Sewing Gallery

Branch

Torrance, CA

United States

Electronics and Appliances Stores

2.8

9

Kalamazoo Sewing Center

Subsidiary

Portage, MI

United States

Electronics and Appliances Stores

2.1

8

Viking Sewing Gallery

Branch

Dallas, TX

United States

Electronics and Appliances Stores

2.2

7

Viking & White Sewing Gallery

Branch

Porter Ranch, CA

United States

Electronics and Appliances Stores

2.2

7

Viking Sewing Gallery

Branch

Buffalo, NY

United States

Electronics and Appliances Stores

2.1

7

Viking Sewing Gallery

Branch

Kissimmee, FL

United States

Electronics and Appliances Stores

2.1

7

Viking Sewing Machines

Branch

West Melbourne, FL

United States

Electronics and Appliances Stores

2.1

7

Viking Sewing Gallery

Branch

Glendale, AZ

United States

Electronics and Appliances Stores

2.1

7

Viking Sewing Gallery

Branch

Frederick, MD

United States

Electronics and Appliances Stores

2.1

7

Viking Sewing Gallery

Branch

Taylor, MI

United States

Electronics and Appliances Stores

1.9

7

Viking Sewing Gallery

Branch

Vancouver, WA

United States

Electronics and Appliances Stores

2.0

6

Viking & White Sewing Gallery

Branch

Mesquite, TX

United States

Electronics and Appliances Stores

1.9

6

VSM Sewing

Branch

Orland Park, IL

United States

Electronics and Appliances Stores

1.8

6

Viking Sewing Gallery Store

Branch

Arlington Hts, IL

United States

Electronics and Appliances Stores

1.8

6

Viking Sewing Gallery

Branch

Altamonte Spgs, FL

United States

Electronics and Appliances Stores

1.8

6

VSM Sewing

Branch

Fort Myers, FL

United States

Electronics and Appliances Stores

1.8

6

Viking Sewing Gallery

Branch

Ogden, UT

United States

Electronics and Appliances Stores

1.8

6

Viking Sewing Gallery

Branch

Orem, UT

United States

Electronics and Appliances Stores

1.8

6

Viking & White Sewing Gallery

Branch

Downingtown, PA

United States

Electronics and Appliances Stores

1.7

6

Viking Sewing Gallery

Branch

North Attleboro, MA

United States

Electronics and Appliances Stores

1.7

6

Viking Sewing Gallery

Branch

Franklin, TN

United States

Electronics and Appliances Stores

1.7

6

Viking Sewing Gallery

Branch

Fairlawn, OH

United States

Electronics and Appliances Stores

1.6

6

Viking & White Sewing Gallery

Branch

Hudson, OH

United States

Electronics and Appliances Stores

1.6

6

Viking Sewing Gallery

Branch

Auburn Hills, MI

United States

Electronics and Appliances Stores

1.6

6

Viking Sewing Center

Branch

Tacoma, WA

United States

Electronics and Appliances Stores

1.6

5

Viking Sewing Gallery

Branch

Lynnwood, WA

United States

Electronics and Appliances Stores

1.6

5

VSM Sewing

Branch

Cedar Hill, TX

United States

Electronics and Appliances Stores

1.6

5

Viking Sewing Gallery

Branch

Plano, TX

United States

Electronics and Appliances Stores

1.6

5

Viking Sewing Gallery

Branch

Riverside, CA

United States

Electronics and Appliances Stores

1.6

5

Viking Sewing Gallery

Branch

Temecula, CA

United States

Electronics and Appliances Stores

1.6

5

Viking Sewing Gallery

Branch

Henderson, NV

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Anchorage, AK

United States

Electronics and Appliances Stores

1.5

5

VSM Sewing

Branch

Algonquin, IL

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Fayetteville, NY

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Rochester, NY

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Buffalo, NY

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

New Hartford, NY

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Machine

Branch

Webster, NY

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Pensacola, FL

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Peoria, AZ

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Avondale, AZ

United States

Electronics and Appliances Stores

1.5

5

Viking & White Sewing Gallery

Branch

Prescott, AZ

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Draper, UT

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Cockeysville, MD

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Loveland, CO

United States

Electronics and Appliances Stores

1.5

5

VSM Sewing

Branch

Colorado Springs, CO

United States

Electronics and Appliances Stores

1.5

5

Viking Sewing Gallery

Branch

Springfield, PA

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Vacuum Spa-Stove

Branch

Eugene, OR

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Gallery

Branch

Sterling, VA

United States

Electronics and Appliances Stores

1.4

5

VSM Sewing

Branch

Mt Juliet, TN

United States

Electronics and Appliances Stores

1.4

5

VSM Sewing

Branch

Schererville, IN

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Center

Branch

Indianapolis, IN

United States

Electronics and Appliances Stores

1.4

5

Viking & White Sewing Gallery

Branch

Youngstown, OH

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Gallery

Branch

Hudson, OH

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Gallery

Branch

Dublin, OH

United States

Electronics and Appliances Stores

1.4

5

Viking Sewing Gallery

Branch

Maplewood, MN

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Maple Grove, MN

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Novi, MI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Roseville, MI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Livonia, MI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Norton Shores, MI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Machine

Branch

Greenfield, WI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Brookfield, WI

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Gallery

Branch

Clive, IA

United States

Electronics and Appliances Stores

1.3

5

Viking Sewing Machine

Branch

Fort Wayne, IN

United States

Appliance Repair and Maintenance

0.7

5

Viking Sewing Gallery

Branch

Spokane, WA

United States

Electronics and Appliances Stores

1.3

4

U Sew Center Viking Sewing Mchns

Branch

Allen Park, MI

United States

Textile Manufacturing

1.3

4

Viking Sewing Gallery

Branch

Lewisville, TX

United States

Electronics and Appliances Stores

1.3

4

Viking Sewing Gallery

Branch

Grapevine, TX

United States

Electronics and Appliances Stores

1.3

4

Viking Sewing Gallery

Branch

Amarillo, TX

United States

Electronics and Appliances Stores

1.3

4

VSM Sewing

Branch

Mt Laurel, NJ

United States

Electronics and Appliances Stores

1.3

4

VSM Sewing

Branch

Paramus, NJ

United States

Electronics and Appliances Stores

1.3

4

Viking Sewing Gallery

Branch

Vacaville, CA

United States

Electronics and Appliances Stores

1.3

4

Viking & White Sewing Gallery

Branch

Valencia, CA

United States

Electronics and Appliances Stores

1.3

4

Viking Sewing Gallery

Branch

Yuba City, CA

United States

Electronics and Appliances Stores

1.3

4

Viking Sewing Gallery

Branch

Stockton, CA

United States

Electronics and Appliances Stores

1.3

4

Viking & White Sewing Gallery

Branch

Newington, CT

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Center

Branch

Vernon Hills, IL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Geneva, IL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Rochester, NY

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Sanford, FL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Miami, FL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Orlando, FL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Jacksonville, FL

United States

Electronics and Appliances Stores

1.2

4

VSM Sewing

Branch

Naples, FL

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Scottsdale, AZ

United States

Electronics and Appliances Stores

1.2

4

VSM Sewing

Branch

Boise, ID

United States

Electronics and Appliances Stores

1.2

4

Adams Vacuum & Viking Sewing

Branch

Grand Junction, CO

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Centennial, CO

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Westminster, CO

United States

Electronics and Appliances Stores

1.2

4

Viking Sewing Gallery

Branch

Quakertown, PA

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Pittsburgh, PA

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Machine

Branch

Cranberry Twp, PA

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Fayetteville, NC

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Madison, TN

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Independence, MO

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Evansville, IN

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing & Stitch Art

Branch

Lafayette, IN

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Machine

Branch

Piqua, OH

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Machines

Branch

Columbus, OH

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Machines

Branch

Columbus, OH

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Mentor, OH

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

St Paul, MN

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Rochester Hills, MI

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Ypsilanti, MI

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Shawnee Mission, KS

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Gallery

Branch

Rutland, VT

United States

Electronics and Appliances Stores

1.1

4

Viking Sewing Machine

Branch

Charlottesville, VA

United States

Textile Manufacturing

1.1

4

Viking Sewing Center

Branch

Dunbar, WV

United States

Electronics and Appliances Stores

1.0

4

Viking Sewing Gallery

Branch

Victorville, CA

United States

Appliance Repair and Maintenance

0.7

4

VSM Sewing

Branch

Arlington, TX

United States

Machinery Wholesale

9.4

3

Viking Sewing Center

Branch

Port Angeles, WA

United States

Electronics and Appliances Stores

1.0

3

Viking Sewing Gallery

Branch

Tacoma, WA

United States

Electronics and Appliances Stores

1.0

3

Viking Sewing Gallery

Branch

Frisco, TX

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

San Antonio, TX

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Colonia, NJ

United States

Electronics and Appliances Stores

0.9

3

Viking & White Sewing Gallery

Branch

Modesto, CA

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Center

Branch

Cupertino, CA

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Machine Center

Branch

San Jose, CA

United States

Electronics and Appliances Stores

0.9

3

VSM Sewing

Branch

Dublin, CA

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Las Vegas, NV

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Manchester, CT

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Rockford, IL

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Orlando, FL

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Daytona Beach, FL

United States

Electronics and Appliances Stores

0.9

3

VSM Sewing

Branch

Titusville, FL

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Mesa, AZ

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Phoenix, AZ

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Greensburg, PA

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Monroeville, PA

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Bangor, ME

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Machine

Branch

Charlotte, NC

United States

Electronics and Appliances Stores

0.9

3

Viking Sewing Gallery

Branch

Winchester, VA

United States

Electronics and Appliances Stores

0.8

3

VSM Sewing

Branch

Fredericksburg, VA

United States

Electronics and Appliances Stores

0.8

3

VSM Sewing

Branch

Sterling, VA

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Gallery

Branch

Kansas City, MO

United States

Electronics and Appliances Stores

0.8

3

Abbey Viking Sewing Center

Branch

St Louis, MO

United States

Electronics and Appliances Stores

0.8

3

Viking & White Sewing Gallery

Branch

Niles, OH

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Machines

Branch

Reynoldsburg, OH

United States

Electronics and Appliances Stores

0.8

3

VSM Sewing

Branch

Solon, OH

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Gallery

Branch

Apple Valley, MN

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Gallery

Branch

Jackson, MI

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Gallery

Branch

Flint, MI

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Gallery

Branch

Berlin, VT

United States

Electronics and Appliances Stores

0.8

3

VSM Sewing

Branch

Berlin, VT

United States

Electronics and Appliances Stores

0.8

3

Viking Sewing Center

Branch

Vinton, IA

United States

Electronics and Appliances Stores

0.8

3

Abbey Viking Sewing Center

Branch

Ballwin, MO

United States

Miscellaneous Educational Services

 

3

VSM Sewing

Branch

Austin, TX

United States

Machinery Wholesale

6.3

2

VSM Sewing

Branch

Jensen Beach, FL

United States

Machinery Wholesale

4.6

2

Viking Sewing Machines

Branch

Port Richey, FL

United States

Machinery Wholesale

4.6

2

Viking Sewing Machine

Branch

Baton Rouge, LA

United States

Machinery Wholesale

4.1

2

VSM Sewing

Branch

Arlington, WA

United States

Electronics and Appliances Stores

0.7

2

Viking Sewing Gallery

Branch

Silverdale, WA

United States

Electronics and Appliances Stores

0.7

2

Viking Sewing Gallery

Branch

Austin, TX

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Hurst, TX

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Webster, TX

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Fort Worth, TX

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Rockwall, TX

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Sherman, TX

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Center

Branch

Whippany, NJ

United States

Electronics and Appliances Stores

0.6

2

Viking & White Sewing Gallery

Branch

Thousand Oaks, CA

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Sherman Oaks, CA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Concord, CA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

El Cerrito, CA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Fresno, CA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Sonora, CA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Hesperia, CA

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Hollywood, FL

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Center

Branch

Plantation, FL

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Orlando, FL

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Centerville, UT

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machines

Branch

Salt Lake City, UT

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Queen Creek, AZ

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Gaithersburg, MD

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Dover, DE

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Christiana, DE

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Gallery

Branch

Aurora, CO

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Downingtown, PA

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Reading, PA

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Macon, GA

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Bend, OR

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Chattanooga, TN

United States

Electronics and Appliances Stores

0.6

2

VSM Sewing

Branch

Montgomery, AL

United States

Electronics and Appliances Stores

0.6

2

Viking Sewing Machine

Branch

Greenwood, IN

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Machine

Branch

Schererville, IN

United States

Electronics and Appliances Stores

0.5

2

VSM Sewing

Branch

Ontario, OH

United States

Electronics and Appliances Stores

0.5

2

VSM Sewing

Branch

North Canton, OH

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Machine

Branch

Cleveland, OH

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Machine

Branch

Cleveland, OH

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Gallery

Branch

Coon Rapids, MN

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing

Branch

Elk River, MN

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Gallery

Branch

Chesterfield, MI

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Center

Branch

Sheboygan Falls, WI

United States

Electronics and Appliances Stores

0.5

2

Viking Sewing Center

Branch

Yakima, WA

United States

Electronics and Appliances Stores

0.3

1

Viking Sewing Gallery

Branch

Milford, CT

United States

Electronics and Appliances Stores

0.3

1

Viking Sewing & Vacuum

Branch

Honolulu, HI

United States

Electronics and Appliances Stores

0.3

1

Viking Sewing Village

Branch

Marquette, MI

United States

Appliance Repair and Maintenance

0.1

1

Viking Sewing Gallery

Branch

Leesburg, VA

United States

Miscellaneous Educational Services

 

1

Viking Sewing Machine

Branch

Mason, OH

United States

Miscellaneous Educational Services

 

1

VSM Sverige AB

Subsidiary

Huskvarna

Sweden

Medical Equipment and Supplies

 

100

Vsm France

Subsidiary

Nanterre

France

Professional and Commercial Equipment Wholesale

6.1

34

Vsm (UK) Ltd.

Subsidiary

Redditch

United Kingdom

Miscellaneous Professional Services

3.8

10

Vsm Nederland B.V.

Subsidiary

Amersfoort, Utrecht

Netherlands

Electronics Wholesale

 

10

Vsm Finland Oy

Subsidiary

Tampere

Finland

Machinery Wholesale

4.8

3

Singer Sewing Company

Subsidiary

La Vergne, TN

United States

Machinery and Equipment Manufacturing

70.0

75

Singer Sales & Services

Branch

Mesa, AZ

United States

Electronics and Appliances Stores

5.9

20

Singer Sewing Ctr-The Big Is

Branch

Hilo, HI

United States

Electronics and Appliances Stores

5.2

18

Singer Sewing Center

Branch

Dothan, AL

United States

Electronics and Appliances Stores

3.9

14

Singer Service Center

Branch

Atlanta, GA

United States

Electronics and Appliances Stores

2.9

10

Singer Sewing Center Of Maui

Branch

Kahului, HI

United States

Electronics and Appliances Stores

2.3

8

Singer Service Center

Branch

Overland Park, KS

United States

Electronics and Appliances Stores

2.1

8

Dothan Singer Sewing Center

Branch

Dothan, AL

United States

Electronics and Appliances Stores

1.9

7

Singer Sewing Ctr-Kona

Branch

Kailua Kona, HI

United States

Electronics and Appliances Stores

1.7

6

Singer Sewing Center Of Kauai

Branch

Lihue, HI

United States

Electronics and Appliances Stores

1.7

6

Singer Northwest Sewing Center

Branch

Austin, TX

United States

Electronics and Appliances Stores

1.6

5

Singer Sewing Center

Branch

Plano, TX

United States

Electronics and Appliances Stores

1.6

5

Singer Sewing Center

Branch

Princeton, NJ

United States

Electronics and Appliances Stores

1.6

5

Singer Sewing Co

Branch

Chicago, IL

United States

Electronics and Appliances Stores

1.5

5

Sewing & Vacuum Express

Branch

Sylvania, OH

United States

Electronics and Appliances Stores

1.4

5

A-1 Singer Sewing Center

Branch

Wichita, KS

United States

Electronics and Appliances Stores

1.3

5

Singer Professional Sewing Center

Branch

Mcallen, TX

United States

Electronics and Appliances Stores

1.3

4

Singer Sewing Co

Branch

Houston, TX

United States

Electronics and Appliances Stores

1.3

4

Singer Sewing Machine-Red Bank

Branch

Ocean, NJ

United States

Electronics and Appliances Stores

1.3

4

Singer Sewing Machine

Branch

Boone, NC

United States

Electronics and Appliances Stores

1.1

4

Singer Sewing Machine

Branch

Cordova, TN

United States

Electronics and Appliances Stores

1.1

4

Mexico Singer Sewing Center

Branch

Mexico, MO

United States

Electronics and Appliances Stores

1.1

4

Singer Sewing Center

Branch

Corpus Christi, TX

United States

Electronics and Appliances Stores

0.9

3

Singer Service Center

Branch

San Mateo, CA

United States

Electronics and Appliances Stores

0.9

3

Singer Sewing Machine Warehouse

Branch

North Hills, CA

United States

Electronics and Appliances Stores

0.9

3

Singer Sewing Center

Branch

Hudson, FL

United States

Electronics and Appliances Stores

0.9

3

Singer Sewing & Repair Center

Branch

Gainesville, FL

United States

Electronics and Appliances Stores

0.9

3

Singer Sewing & Vacuum Center

Branch

Athens, GA

United States

Electronics and Appliances Stores

0.9

3

Singer Great Bridge Sewing Center

Branch

Chesapeake, VA

United States

Electronics and Appliances Stores

0.8

3

Singer Sewing Center Of Flint

Branch

Flint, MI

United States

Electronics and Appliances Stores

0.8

3

Singer Sewing Co

Branch

Southgate, MI

United States

Electronics and Appliances Stores

0.8

3

Singer Service Center

Branch

Pinellas Park, FL

United States

Appliance Repair and Maintenance

0.4

3

Singer Sewing Center

Branch

Mcallen, TX

United States

Electronics and Appliances Stores

0.6

2

Singer Approved Dealer

Branch

Deptford, NJ

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Co

Branch

Santa Maria, CA

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Ctr-Orange

Branch

Garden Grove, CA

United States

Electronics and Appliances Stores

0.6

2

Singer Service Center

Branch

Syracuse, NY

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing & Repair Center

Branch

Bartlesville, OK

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Room

Branch

Oklahoma City, OK

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Machine Sales

Branch

Albuquerque, NM

United States

Electronics and Appliances Stores

0.6

2

Singer Approved Dealer

Branch

Sterling, CO

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Center

Branch

Easton, PA

United States

Electronics and Appliances Stores

0.6

2

Singer Approved Dealer

Branch

Pittsburgh, PA

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing & Vacuum Center

Branch

Elizabeth City, NC

United States

Electronics and Appliances Stores

0.6

2

Singer Co

Branch

Lewiston, ME

United States

Electronics and Appliances Stores

0.6

2

Singer Approved Dealer

Branch

Mt Airy, NC

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing & Vacuum Center

Branch

Aberdeen, NC

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Machine

Branch

Chelmsford, MA

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Co

Branch

Lafayette, LA

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing Center

Branch

Huntsville, AL

United States

Electronics and Appliances Stores

0.6

2

Singer Sewing & Repair Center

Branch

Bessemer, AL

United States

Electronics and Appliances Stores

0.6

2

Sewing Machines Sales & Services

Branch

Rock Hill, SC

United States

Electronics and Appliances Stores

0.5

2

Singer Sewing Co

Branch

Flushing, NY

United States

Appliance Repair and Maintenance

0.4

2

Singer Sewing Center

Branch

Abilene, TX

United States

Electronics and Appliances Stores

0.3

1

Singer Sewing Center

Branch

Cleburne, TX

United States

Electronics and Appliances Stores

0.3

1

Joanie's Singer Sewing Center

Branch

Riverside, CA

United States

Electronics and Appliances Stores

0.3

1

Singer Sewing Machine-Fountain

Branch

Fountain Valley, CA

United States

Electronics and Appliances Stores

0.3

1

Singer Sewing Center

Branch

Oakland Park, FL

United States

Electronics and Appliances Stores

0.3

1

Singer Sewing Machine Shop

Branch

Bastrop, LA

United States

Electronics and Appliances Stores

0.3

1

Dahl's Singer Sewing Center

Branch

Sioux Falls, SD

United States

Electronics and Appliances Stores

0.3

1

Linton Singer Sales & Services

Branch

Linton, IN

United States

Electronics and Appliances Stores

0.3

1

Pfaff

Subsidiary

La Vergne, TN

United States

Electronics and Appliances Stores

 

3

Byrds Nest Quilt Shop & Pfaff

Branch

Palm Coast, FL

United States

Electronics and Appliances Stores

1.2

4

Pfaff Sewing Machines

Branch

Chandler, AZ

United States

Electronics and Appliances Stores

1.2

4

Pfaff Creative Sewing Center

Branch

Lacey, WA

United States

Electronics and Appliances Stores

1.0

3

Shingletons Pfaff

Branch

Salt Lake City, UT

United States

Electronics and Appliances Stores

0.9

3

Pfaff Creative Sewing Center

Branch

Idaho Falls, ID

United States

Electronics and Appliances Stores

0.9

3

Pfaff Sewing Machines

Branch

Phoenix, AZ

United States

Sporting Goods and Recreation Stores

0.3

3

Pfaff Sewing Center

Branch

Oakland Park, FL

United States

Electronics and Appliances Stores

0.6

2

Byrds Nest Quilt Shop & Pfaff

Branch

Flagler Beach, FL

United States

Electronics and Appliances Stores

0.6

2

Pfaff Expert Services

Branch

Warwick, RI

United States

Appliance Repair and Maintenance

0.3

2

Pfaff Sales & Services

Branch

Harrisburg, PA

United States

Department Stores

0.2

1

Pfaff

Branch

Cordova, TN

United States

Appliance Repair and Maintenance

0.1

1

 

 

 

Competitors Report

 

CompanyName

Location

Employees

Ownership

Commercial Vehicle Group, Inc.

New Albany, Ohio, United States

6,480

Public

Rotoblock Corporation

Santa Rosa, California, United States

3

Public

Smart Energy Solutions, Inc.

Fair Lawn, New Jersey, United States

3

Public

 

Executives Report

 

Board of Directors

 

Name

Title

Function

James D. Wiggins

 

Independent Chairman of the Board

Chairman

Biography:

Mr. James D. Wiggins is Independent Chairman of the Board of Directors of Stanadyne Corp. He has served on the Executive Committees for both Holdings and Stanadyne since January 24, 2005. Mr. Wiggins is a Principal of Kohlberg & Company, L.L.C., which he joined in 2002. He also is currently Chairman and Chief Executive Officer of Pittsburgh Glass Works L.L.C., and Executive Chairman and director of Trico Products, Inc., both Kohlberg portfolio companies. Mr. Wiggins was previously Chairman and CEO of Holley Performance Products, Inc. from 2002 to 2007. Prior to joining Kohlberg & Company, Mr. Wiggins was President and Chief Executive Officer of the Gates Group of Companies, a subsidiary of Tomkins PLC, which acquired Schrader-Bridgeport International, Inc. from Kohlberg & Company in 1998. Mr. Wiggins received a B.S.M.E. from Lawrence Technological University and an M.B.A. from Ball State University. As a result of these and other professional experiences, Mr. Wiggins possesses particular knowledge and experience in the engine components manufacturing industry, in developing globally specialty businesses, and technical knowledge that strengthen the Board’s collective qualifications, skills and experience.

Age: 64

Education:

Ball State University, MBA
Lawrence Technological University, BS (Mechanical Engineering)

Samuel P. Frieder

 

Independent Director

Director/Board Member

 

Biography:

Mr. Samuel P. Frieder is Independent Director of Stanadyne Corp. He has served as Chairman of both the Executive and Compensation Committees for Holdings and Stanadyne since January 24, 2005. Mr. Frieder is the Managing Partner of Kohlberg & Company, L.L.C., which he joined in 1989. He is a member of the board of directors of AGY Holding Corporation, Bauer Hockey, BioScrip, Inc., Centerplate, Inc., Central Parking Corporation, Chronos Life Group, Concrete Technologies Worldwide, Inc., The Hoffmaster Group, Inc., Katy Industries, Inc., Kellermeyer Bergensons Services, Niagara Corporation, Nielsen & Bainbridge, Inc., Packaging Dynamics Corporation, Pittsburgh Glass Works, Philips Plastics Corporation, SVP Holdings, Thomas Nelson and Trico Products. Mr. Frieder received an A.B. from Harvard College. As a result of these professional experiences, Mr. Frieder possesses particular knowledge and experience in corporate finance, corporate governance, corporate and business development, business evaluation and oversight and financial analysis that strengthen the Board’s collective qualifications, skills and experience.

Age: 49

Education:

Harvard College, BA

Seth H. Hollander

 

Director

Director/Board Member

 

Biography:

Mr. Seth H. Hollander is Director of Stanadyne Corp. Mr. Hollander has served as director of Holdings and Stanadyne since January 2007 and as a member of each company’s Audit Committee since July 2009. Mr. Hollander is a Partner of Kohlberg & Company, L.L.C., which he joined in 2001. He is a member of the board of directors of AGY Holding Corporation, Centerplate, Inc., Central Parking Corporation, Concrete Technologies Worldwide, Inc., Kellermeyer Bergensons Services, Nielsen & Bainbridge, Inc. and Packaging Dynamics Corporation. Mr. Hollander received a B.B.A. from University of Michigan, Ann Arbor. As a result of these professional experiences, Mr. Hollander possesses particular knowledge and experience in corporate finance, accounting, strategic planning, business evaluation and oversight and financial analysis that strengthen the Board’s collective qualifications, skills and experience.

Age: 36

Education:

University of Michigan, BBA

M. David Jones

 

Director

Director/Board Member

 

Biography:

Mr. M. David Jones is Director of Stanadyne Corp. Mr. Jones joined the Company on January 11, 2006 as President and Chief Executive Officer of Stanadyne and President of Holdings. He became director of each of Holdings and Stanadyne on February 24, 2006. Mr. Jones has served on the Executive Committees for both Holdings and Stanadyne since March 6, 2006. Prior to joining Stanadyne, he served as the Chairman and Chief Executive Officer of Wallace Computer Services, Inc. from 2000 to 2003. From 1970 to 2000, Mr. Jones was employed by Cummins Engine Company, Inc. where he held positions of increasing responsibility, culminating in a tenure as Vice President of the Filtration Group and President of Fleetguard/Nelson Inc. Mr. Jones holds a bachelor’s degree from Tennessee Technological University and an M.B.A. degree from Harvard University.

Age: 64

Education:

Harvard University, MBA
Tennessee Technological University, B

Compensation/Salary:$535,000

Compensation Currency: USD

Christopher Lacovara

 

Board Member

Director/Board Member

 

Biography:

Mr. Lacovara has served on Kohlberg Capital s Board since December 2006 and is also the Chairman of the Board the Chairman of the Valuation Committee of the Board a Vice President of the Company and a member of the Management Committee of Katonah Debt Advisors. Mr. Lacovara is the co-managing partner of Kohlberg & Co. a leading middle market private equity firm which he joined in 1988. Kohlberg & Co. has invested approximately $2.5 billion of equity capital in over 100 middle market platform and add-on acquisitions with a combined transaction value of over $7 billion. From 1987 to 1988 he was an Associate in the Mergers and Acquisitions Department at Lazard Freres & Company. Prior to that he was a Financial Analyst in the Corporate Finance Department of Goldman Sachs & Co. Mr. Lacovara received a A.B. in History from Harvard College a B.E. in Engineering Sciences from Hofstra University and a Master of Science in Civil Engineering from Columbia University. Mr. Lacovara serves on the boards of directors of a number of private companies as well as on the boards of directors of AGY Holdings Corp. Katy Industries Inc. and Stanadyne Corp.

Education:

Columbia University, MS (Civil Engineering)
Harvard College, BA (History)
Hofstra University, BS

James A Wier

 

Board Member

Director/Board Member

 

Biography:

Mr. Wier has been affiliated with Kohlberg since 1999 and became an Operating Partner in July 2005. Mr. Wier served as President & CEO of Simplicity Manufacturing Inc. a Kohlberg portfolio company from 1994 to 2004. Prior to that Mr. Wier served a number of key roles at Briggs & Stratton Corporation including Corporate Executive Vice President. Prior to Briggs & Stratton he was an Audit Manager with Arthur Anderson & Co. While President & CEO of Simplicity Mr. Wier served as Chairman of the Outdoor Power Equipment Institute the trade association for the industry. Mr. Wier is currently a member of the board of directors of Stanadyne Corporation and SVP Holdings Ltd. Mr. Wier holds a B.B.A. from the University of Wisconsin Madison. He is also a Certified Public Accountant.

Education:

University of Wisconsin , Madison, Bachelor's (Business Administration)
University of Northern Illinois, graduate

Evan D. Wildstein

 

Independent Director

Director/Board Member

 

Biography:

Mr. Evan D. Wildstein is Independent Director of Stanadyne Corp. Mr. Wildstein is a Partner of Kohlberg & Company, L.L.C., which he joined in 1994. He is a member of the Board of Directors of Chronos Life Group, Pittsburgh Glass Works, SVP Holdings and Trico Products. Mr. Wildstein holds a B.B.A. from the University of Michigan, Ann Arbor. As a result of these professional experiences, Mr. Wildstein possesses particular knowledge and experience in corporate finance, corporate governance, strategic planning, business evaluation and oversight and financial analysis that strengthen the Board’s collective qualifications, skills and experience.

Age: 40

Education:

University of Michigan, BBA

Gordon H. Woodward

 

Director

Director/Board Member

 

Biography:

Mr. Gordon H. Woodward is Director of Stanadyne Corp. Since 2005, Mr. Woodward has served as Chairman of the Audit Committees for both Holdings and Stanadyne and has served on both the Executive and Compensation Committees since January 24, 2005. Mr. Woodward is a Partner and Chief Investment Officer of Kohlberg & Company, L.L.C., which he joined in 1996. He is a member of the board of directors of Bauer Performance Sports, Ltd., BioScrip, Inc., Centerplate, Inc., Central Parking Corporation, Chronos Life Group, e+CancerCare, Kellermeyer Bergensons Services, Nielsen & Bainbridge, Inc., Packaging Dynamics Corporation, Phillips-Medisize Corporation, Southern Care, Inc., and Thomas Nelson, Inc. Mr. Woodward received an A.B. from Harvard College. As a result of these professional experiences, Mr. Woodward possesses particular knowledge and experience in corporate finance, corporate governance, strategic planning, business evaluation and oversight and financial analysis that strengthen the Board’s collective qualifications, skills and experience.

Age: 44

Education:

Harvard College, AB

 

Executives

 

Name

Title

Function

Robert G. Isaman

 

President and Chief Executive Officer

Chief Executive Officer

Biography:

Mr. Robert G. Isaman is President, Chief Executive Officer, Director of Stanadyne Corporation. Since June 2012, Mr. Isaman has been an Operating Partner at Kohlberg & Company (“Kohlberg), the Companys majority shareholder. Kohlberg is a leading U.S. private equity fund which acquires and owns middle market companies. From 2010 to 2012, Mr. Isaman was Chief Executive Officer of Stolle Machinery Company, LLC, a global technology and market leader in the metal/composite container-making equipment industry. From 2007 to 2009, Mr. Isaman was President at Terex Construction and Roadbuilding, with responsibility for divisions that design, manufacture, distribute and provide aftermarket services for a wide variety of roadbuilding and construction vehicles and equipment. Prior to that, Mr. Isaman spent 21 years at United Technologies Corporation, a diversified industrial manufacturer, in a number of positions of increasing responsibility, including serving as Vice President of Marketing and Field Operations of Otis Elevator Company in Hong Kong, S.A.R. from 2001 to 2002 and as President of Otis Elevator (China) Investment, Ltd. in Beijing, China from 2002 to 2005, before rising to the position of President of Fire Safety Americas, UTC Fire & Security in 2006. Since December 2012, Mr. Isaman has been a member of the board of directors and audit committee of TechPrecision Corporation, a global manufacturer of precision, large-scale fabricated and machined metal components and systems. From 2012 to July 2013, Mr. Isaman served as executive chairman of AGY Holding Corp., a private company that is a leader in high performance glass fiber yarn materials. He also currently serves on the Advisory Board of ClearEdge Power, a provider of clean, distributed power systems. Mr. Isaman holds a Bachelors of Science in Marketing from the University of Maryland and an M.B.A. from the George Washington University.

Age: 50

Education:

George Washington University, MBA (International Business)
University of Maryland, BS (Marketing)

Frank Fasanelli

 

Operations, Vice President

Senior Management (General)

David P. Galuska

 

Chief Operating Officer

Operations Executive

Biography:

Mr. David P. Galuska is appointed as the Chief Operating Officer of Stanadyne Corporation. Mr. Galuska will be responsible for Stanadyne’s global operations in the United States, China, India and Italy. Since 2009, Mr. Galuska served as Senior Vice President, Module Centers and Operations for Pratt & Whitney, a division of United Technologies Corporation (“UTC). UTC is a diversified company providing high technology products and services to the global aerospace and commercial building industries. Previously, he served as Vice President, Operations for Hamilton Sundstrand from 2005 to 2009, as well as Vice President, Operations from 2004 to 2005 and Vice President, Precision Manufacturing from 2001 to 2004 for Sikorsky Aircraft, both divisions of UTC. Mr. Galuska began his tenure with UTC at Hamilton Standard (now known as Hamilton Sundstrand) where he held positions of increasing responsibility over a span of 22 years. Mr. Galuska has an M.B.A. from Western New England College and a B.A. in Marketing from the University of Connecticut.

Age: 56

Education:

Western New England College, MBA
University of Connecticut, BA (Marketing)

Stephen S. Langin

 

Chief Financial Officer, Vice President, Corporate Secretary

Company Secretary

Biography:

Mr. Stephen S. Langin is Vice President, Chief Financial Officer and Corporate Secretary of Stanadyne Corp. Mr. Langin joined Stanadyne in 1981 and held progressively more responsible positions in accounting until being named Corporate Controller in 1989. In 2001, Mr. Langin was promoted to his current positions with Stanadyne. Mr. Langin became the Chief Financial Officer and Secretary of Holdings on June 1, 2005. Mr. Langin is a Director of Stanadyne Amalgamations Private, Ltd., the Company’s majority owned joint venture in India and is a Director of Stanadyne Changshu Corporation, the Company’s wholly-owned subsidiary in China. Mr. Langin holds a B.S. in business administration and an M.B.A. degree from the University of Connecticut.

Age: 53

Education:

University of Connecticut, MBA
University of Connecticut, BS (Business Administration)

Compensation/Salary:$285,000

Compensation Currency: USD

Jean S. McCarthy

 

Vice President - Human Resources

Human Resources Executive

Biography:

Ms. Jean S. McCarthy is Vice President - Human Resources of Stanadyne Corp. Prior to joining Stanadyne, she served as Vice President of Human Resources with CTG Resources, Inc. since 1995. Prior to her position with CTG, in over a 20 year period, she worked in various facets of Human Resources for Combustion Engineering; Tuttle & Bailey; Fafnir Bearing Division of The Torrington Company; and as Vice President for the Napier Co. Ms. McCarthy has received multiple degrees (A.S., B.S., and M.B.A.) from the University of Hartford.

Age: 64

Education:

University of Hartford, MBA
University of Hartford, BS
University of Hartford, A

Compensation/Salary:$207,000

Compensation Currency: USD

Joseph M. Vorih

 

Vice President - Global Sales and Marketing

International Sales Executive

Biography:

Mr. Joseph M. Vorih is Vice President, Global Sales and Marketing of Stanadyne Corp. Mr. Vorih joined Stanadyne in 2006 as Vice President, International. In October 2008, he was appointed to his current position. Prior to joining Stanadyne, Mr. Vorih worked with Danaher Corporation for sixteen years, most recently as general manager of Danaher’s high-precision automation systems. During his sixteen-year tenure with Danaher Corporation, Mr. Vorih held positions within Danaher’s Ball Screws, Veeder-Root and Jacobs Vehicle divisions. Mr. Vorih holds a B.S. and an M.S. degree in mechanical engineering from Massachusetts Institute of Technology. He also holds an M.B.A from Rensselaer Polytechnic Institute.

Age: 44

Education:

Rensselaer Polytechnic Institute, MBA
Massachusetts Institute of Technology, MS (Mechanical Engineering)
Massachusetts Institute of Technology, BS (Mechanical Engineering)

Compensation/Salary:$264,167

Compensation Currency: USD

Edward May

 

Vice President - Global Supply Chain

International Executive

Biography:

Mr. Edward May is Vice President - Global Supply Chain of Stanadyne Corp. Prior to joining Stanadyne, he served as Corporate Vice President Strategic Sourcing and Supply Chain for Pall Corporation since 2006. From 2003 to 2006, Mr. May was employed by Danaher Motion as Director of Supply Chain and Strategic Sourcing. Prior to 2003, Mr. May held various positions in the materials sourcing and planning disciplines for Pentair, Certainteed Corporation, Futuba Industrial Corporation and Dial Corporation. Mr. May holds a B.A. degree in business administration from Loyola University. He also holds an M.B.A from DePaul University.

Age: 44

Education:

DePaul University, MBA
Loyola University, BA (Business Administration)

Terrence Gilbert

 

Marketing

Marketing Executive

Jennifer Kohl

 

Marketing

Marketing Executive

Rick Cordova

 

Information Technology

Information Executive

Bernard Niedzielski

 

Director, Management Information Systems

Information Executive

John A. Pinson

 

Vice President - Engineering, Chief Technology Officer

Engineering/Technical Executive

Biography:

Mr. John A. Pinson is Vice President- Engineering and Chief Technology Officer of Stanadyne Corp. Prior to joining Stanadyne in September 2009, Mr. Pinson served as Vice President, Diesel and Engines as well as Acting Vice President, Business Development and Marketing for Ricardo. Prior to joining Ricardo, Mr. Pinson spent 14 years with General Motors where he worked in a variety of positions of increasing responsibility within the R&D and Powertrain organizations including the FIAT-GM Powertrain joint venture in Turin, Italy. Mr. Pinson holds both a B.S. and M.S. in Mechanical Engineering from Clemson University and a Ph.D. in Mechanical Engineering, with a focus on diesel combustion technology, from Pennsylvania State University. Mr. Pinson also holds an M.B.A. from the University of Michigan.

Age: 46

Education:

Pennsylvania State University, PHD (Mechanical Engineering)
University of Michigan, MBA
Clemson University, MS (Mechanical Engineering)

Compensation/Salary:$229,167

Compensation Currency: USD

 

 

News

 

Patent Issued for Load Ring Mounting of Pumping Plunger Sleeve
Journal of Engineering (880 Words)

20-Nov-2013

Stanadyne Corp. Files SEC Form 10-Q, Quarterly Report [Sections 13 Or 15(D)] (Nov. 13, 2013)
Journal of Transportation (219 Words)

20-Nov-2013

Load ring mounting of pumping plunger sleeve
U.S. Patents (141 Words)

18-Nov-2013

Stanadyne Assigned Patent
Targeted News Service (74 Words)

18-Nov-2013

U.S. Patents Awarded to Inventors in Connecticut (Nov. 18)
Targeted News Service (1287 Words)

18-Nov-2013

US Patent granted to Stanadyne Corporation (Connecticut) on November 12 titled as "Load ring mounting of pumping plunger sleeve".
US Official News (191 Words)

13-Nov-2013

US Patent granted to Stanadyne Corporation (Connecticut) on November 12 titled as "Load ring mounting of pumping plunger sleeve"
Plus Patent News (192 Words)

13-Nov-2013

US Patent Issued to Stanadyne on Nov. 12 for "Load ring mounting of pumping plunger sleeve" (Connecticut Inventor)
U.S. Fed News (197 Words)

12-Nov-2013

Stanadyne Corp. Files SEC Form 8-K, Current Report (Oct. 4, 2013)
Journal of Transportation (211 Words)

16-Oct-2013

Stanadyne announces retirement of president and CEO
Datamonitor AutomotiveWire (381 Words)

08-Oct-2013

FORM 8-K: STANADYNE HOLDINGS, STANADYNE FILE CURRENT REPORT
U.S. Fed News (1061 Words)

07-Oct-2013

 

 

Annual Income Statement

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

 

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

 

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

 

Filed Currency

USD

USD

USD

USD

USD

 

Exchange Rate (Period Average)

1

1

1

1

1

 

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

 

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

 

 

    Net Sales

251.5

245.8

250.6

185.8

280.5

 

Revenue

251.5

245.8

250.6

185.8

280.5

 

Total Revenue

251.5

245.8

250.6

185.8

280.5

 

 

 

 

 

 

 

 

    Cost of Revenue

182.7

187.5

177.4

139.0

203.5

 

Cost of Revenue, Total

182.7

187.5

177.4

139.0

203.5

 

Gross Profit

68.8

58.3

73.2

46.8

76.9

 

 

 

 

 

 

 

 

    Selling/General/Administrative Expense

46.3

47.3

52.3

37.7

42.7

 

Total Selling/General/Administrative Expenses

46.3

47.3

52.3

37.7

42.7

 

    Impairment-Assets Held for Use

-

0.0

0.0

6.5

0.0

 

Unusual Expense (Income)

-

0.0

0.0

6.5

0.0

 

Total Operating Expense

229.0

234.7

229.7

183.3

246.2

 

 

 

 

 

 

 

 

Operating Income

22.5

11.0

20.9

2.6

34.3

 

 

 

 

 

 

 

 

        Interest Expense - Non-Operating

-20.2

-19.7

-18.9

-18.3

-19.4

 

    Interest Expense, Net Non-Operating

-20.2

-19.7

-18.9

-18.3

-19.4

 

        Interest Income - Non-Operating

0.0

0.0

0.3

0.4

0.9

 

    Interest/Investment Income - Non-Operating

0.0

0.0

0.3

0.4

0.9

 

Interest Income (Expense) - Net Non-Operating Total

-20.2

-19.7

-18.6

-18.0

-18.5

 

    Other Non-Operating Income (Expense)

-0.7

-0.1

0.1

0.0

0.0

 

Other, Net

-0.7

-0.1

0.1

0.0

0.0

 

Income Before Tax

1.6

-8.8

2.4

-15.4

15.8

 

 

 

 

 

 

 

 

Total Income Tax

0.1

-4.3

3.3

-0.2

6.0

 

Income After Tax

1.5

-4.6

-0.9

-15.2

9.8

 

 

 

 

 

 

 

 

    Minority Interest

-1.2

0.3

1.5

0.9

0.0

 

Net Income Before Extraord Items

0.3

-4.2

0.6

-14.3

9.8

 

Net Income

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

 

 

Dilution Adjustment

0.0

0.0

-

-

-

 

Diluted Net Income

0.3

-4.2

0.6

-14.3

9.8

 

Interest Expense, Supplemental

20.2

19.7

18.9

18.3

19.4

 

Depreciation, Supplemental

9.8

9.7

11.6

16.4

18.3

 

Total Special Items

-

0.0

0.0

6.5

0.0

 

Normalized Income Before Tax

1.6

-8.8

2.4

-8.9

15.8

 

 

 

 

 

 

 

 

Effect of Special Items on Income Taxes

-

0.0

0.0

2.3

0.0

 

Inc Tax Ex Impact of Sp Items

0.1

-4.3

3.3

2.1

6.0

 

Normalized Income After Tax

1.5

-4.6

-0.9

-10.9

9.8

 

 

 

 

 

 

 

 

Normalized Inc. Avail to Com.

0.3

-4.2

0.6

-10.1

9.8

 

 

 

 

 

 

 

 

Amort of Intangibles, Supplemental

2.8

2.9

3.2

3.2

3.3

 

Rental Expenses

-

0.9

0.7

0.7

0.8

 

Research & Development Exp, Supplemental

-

18.1

15.2

13.2

15.8

 

Normalized EBIT

22.5

11.0

20.9

9.1

34.3

 

Normalized EBITDA

35.1

23.7

35.7

28.8

55.8

 

    Current Tax - Domestic

-

-1.5

2.0

2.0

6.5

 

    Current Tax - Foreign

-

0.5

0.3

0.2

0.5

 

    Current Tax - Local

-

0.1

0.3

0.8

0.7

 

Current Tax - Total

-

-0.9

2.6

3.0

7.7

 

    Deferred Tax - Domestic

-

-2.3

1.1

-2.5

-0.7

 

    Deferred Tax - Foreign

-

-1.2

-0.3

-0.7

-0.9

 

    Deferred Tax - Local

-

0.0

-0.1

0.0

0.0

 

Deferred Tax - Total

-

-3.4

0.7

-3.2

-1.7

 

Income Tax - Total

-

-4.3

3.3

-0.2

6.0

 

Interest Cost - Domestic

-

5.9

6.0

5.9

5.7

 

Service Cost - Domestic

-

-

-

0.0

0.0

 

Prior Service Cost - Domestic

-

-

-

0.0

0.0

 

Expected Return on Assets - Domestic

-

-6.3

-5.5

-4.3

-6.7

 

Actuarial Gains and Losses - Domestic

-

1.4

1.2

2.0

0.0

 

Domestic Pension Plan Expense

-

0.9

1.7

3.6

-0.9

 

Interest Cost - Post-Retirement

-

0.1

0.2

0.2

0.4

 

Service Cost - Post-Retirement

-

0.0

0.0

0.0

0.2

 

Actuarial Gains and Losses - Post-Retir.

-

-0.8

-0.8

-0.9

-0.5

 

Post-Retirement Plan Expense

-

-0.6

-0.6

-0.7

0.1

 

Defined Contribution Expense - Domestic

-

1.1

0.3

0.5

1.6

 

Total Pension Expense

-

1.5

1.4

3.4

0.9

 

Discount Rate - Domestic

-

5.50%

6.00%

6.25%

6.25%

 

Expected Rate of Return - Domestic

-

8.00%

8.00%

8.00%

8.25%

 

Total Plan Interest Cost

-

6.0

6.2

6.1

6.1

 

Total Plan Service Cost

-

0.0

0.0

0.0

0.2

 

Total Plan Expected Return

-

-6.3

-5.5

-4.3

-6.7

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Cash & Equivalents

2.9

1.8

15.9

24.9

48.8

Cash and Short Term Investments

2.9

1.8

15.9

24.9

48.8

        Accounts Receivable - Trade, Gross

32.9

35.1

33.1

28.7

32.4

        Provision for Doubtful Accounts

-0.3

-0.3

-0.3

-0.3

-0.2

    Trade Accounts Receivable - Net

32.7

34.9

32.8

28.4

32.2

Total Receivables, Net

32.7

34.9

32.8

28.4

32.2

    Inventories - Finished Goods

-

8.8

6.8

5.8

5.5

    Inventories - Work In Progress

-

13.5

13.8

9.0

10.8

    Inventories - Raw Materials

-

19.6

12.6

9.8

10.3

Total Inventory

40.2

42.0

33.2

24.6

26.6

Prepaid Expenses

3.4

2.5

4.3

2.8

1.7

    Deferred Income Tax - Current Asset

0.7

3.0

2.1

1.6

0.9

Other Current Assets, Total

0.7

3.0

2.1

1.6

0.9

Total Current Assets

79.8

84.1

88.3

82.2

110.2

 

 

 

 

 

 

        Buildings

-

25.8

24.8

25.3

23.9

        Land/Improvements

-

7.6

7.5

8.0

7.4

        Machinery/Equipment

-

139.6

135.0

122.5

116.7

        Construction in Progress

-

4.3

7.9

8.4

3.6

        Leases

-

5.5

4.7

4.5

2.8

    Property/Plant/Equipment - Gross

-

182.8

179.9

168.7

154.4

    Accumulated Depreciation

-

-108.2

-99.9

-89.9

-73.5

Property/Plant/Equipment - Net

79.4

74.5

80.0

78.9

80.9

Goodwill, Net

136.7

136.7

136.7

136.7

142.4

    Intangibles - Gross

-

104.9

106.4

104.4

108.5

    Accumulated Intangible Amortization

-

-33.7

-30.5

-24.6

-25.0

Intangibles, Net

66.7

71.2

75.9

79.7

83.5

Total Assets

362.6

366.6

381.0

377.5

417.1

 

 

 

 

 

 

Accounts Payable

24.1

29.0

23.6

16.7

18.4

Accrued Expenses

18.7

18.0

23.0

19.1

28.4

Notes Payable/Short Term Debt

0.0

0.0

0.0

0.0

0.0

Current Portion - Long Term Debt/Capital Leases

33.5

18.8

9.6

4.9

14.2

Total Current Liabilities

76.3

65.8

56.2

40.7

61.0

 

 

 

 

 

 

    Long Term Debt

165.3

165.6

166.0

160.3

165.5

    Capital Lease Obligations

3.0

1.4

1.3

2.2

0.8

Total Long Term Debt

168.2

167.0

167.4

162.6

166.3

Total Debt

201.7

185.9

177.0

167.5

180.5

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

9.8

14.2

23.1

22.6

21.8

Deferred Income Tax

9.8

14.2

23.1

22.6

21.8

Minority Interest

0.9

0.7

0.8

-0.9

0.0

    Pension Benefits - Underfunded

-

44.7

33.8

36.2

43.9

    Other Long Term Liabilities

59.5

12.3

11.5

13.0

13.3

Other Liabilities, Total

59.5

57.0

45.4

49.2

57.2

Total Liabilities

314.8

304.8

292.9

274.2

306.4

 

 

 

 

 

 

    Common Stock

0.0

0.0

0.0

0.0

0.0

Common Stock

0.0

0.0

0.0

0.0

0.0

Additional Paid-In Capital

74.8

85.7

97.9

105.0

105.0

Retained Earnings (Accumulated Deficit)

-5.7

-5.8

-1.6

4.2

18.6

    Other Comprehensive Income

-21.3

-18.0

-8.2

-6.0

-12.8

Other Equity, Total

-21.3

-18.0

-8.2

-6.0

-12.8

Total Equity

47.8

61.8

88.1

103.3

110.8

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

362.6

366.6

381.0

377.5

417.1

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

0.0

0.0

0.0

0.0

0.0

Total Common Shares Outstanding

0.0

0.0

0.0

0.0

0.0

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

0.0

0.0

Employees

-

2,010

1,800

1,432

1,634

Accumulated Intangible Amort, Suppl.

-

33.7

30.5

24.6

25.0

Total Long Term Debt, Supplemental

-

183.9

175.3

164.7

179.4

Long Term Debt Maturing within 1 Year

-

18.3

9.2

4.3

13.9

Long Term Debt Maturing in Year 2

-

1.7

1.4

0.1

5.2

Long Term Debt Maturing in Year 3

-

161.7

1.4

0.1

0.1

Long Term Debt Maturing in Year 4

-

2.1

161.4

0.1

0.1

Long Term Debt Maturing in Year 5

-

0.1

1.9

160.0

0.1

Long Term Debt Maturing in 2-3 Years

-

163.4

2.7

0.2

5.3

Long Term Debt Maturing in 4-5 Years

-

2.2

163.3

160.1

0.2

Long Term Debt Matur. in Year 6 & Beyond

-

0.0

0.0

0.0

160.0

    Interest Costs

-

-0.4

-0.5

-0.2

-0.1

Total Capital Leases, Supplemental

-

2.0

1.7

2.8

1.1

Capital Lease Payments Due in Year 1

-

0.7

0.5

0.7

0.3

Capital Lease Payments Due in Year 2

-

0.5

0.5

0.5

0.3

Capital Lease Payments Due in Year 3

-

0.4

0.4

0.5

0.2

Capital Lease Payments Due in Year 4

-

0.3

0.3

0.4

0.2

Capital Lease Payments Due in Year 5

-

0.2

0.2

0.2

0.2

Capital Lease Payments Due in 2-3 Years

-

0.9

0.8

1.0

0.5

Capital Lease Payments Due in 4-5 Years

-

0.5

0.4

0.6

0.4

Cap. Lease Pymts. Due in Year 6 & Beyond

-

0.2

0.4

0.7

0.1

Total Operating Leases, Supplemental

-

5.9

7.1

8.1

2.4

Operating Lease Payments Due in Year 1

-

1.0

0.9

1.1

1.1

Operating Lease Payments Due in Year 2

-

0.9

0.9

0.8

0.6

Operating Lease Payments Due in Year 3

-

0.8

0.8

0.8

0.3

Operating Lease Payments Due in Year 4

-

0.7

0.8

0.8

0.3

Operating Lease Payments Due in Year 5

-

0.7

0.8

0.8

0.1

Operating Lease Pymts. Due in 2-3 Years

-

1.7

1.7

1.6

0.9

Operating Lease Pymts. Due in 4-5 Years

-

1.4

1.6

1.5

0.4

Oper. Lse. Pymts. Due in Year 6 & Beyond

-

1.9

2.9

3.9

0.0

Pension Obligation - Domestic

-

121.5

109.9

102.5

95.5

Plan Assets - Domestic

-

79.1

78.5

69.2

54.6

Funded Status - Domestic

-

-42.4

-31.4

-33.4

-40.9

Total Funded Status

-

-42.4

-31.4

-33.4

-40.9

Discount Rate - Domestic

-

3.75%

4.50%

5.25%

6.25%

Equity % - Domestic

-

69.00%

69.00%

68.00%

68.00%

Debt Securities % - Domestic

-

31.00%

31.00%

32.00%

32.00%

Total Plan Obligations

-

121.5

109.9

102.5

95.5

Total Plan Assets

-

79.1

78.5

69.2

54.6

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

Net Income/Starting Line

1.5

-4.6

-0.9

-15.2

9.8

    Depreciation

12.6

12.7

14.8

19.6

21.5

Depreciation/Depletion

12.6

12.7

14.8

19.6

21.5

Deferred Taxes

-0.4

-3.4

0.7

-0.1

-1.7

    Unusual Items

0.0

0.0

0.0

6.6

0.2

    Other Non-Cash Items

1.7

1.5

1.4

1.6

1.9

Non-Cash Items

1.8

1.5

1.4

8.3

2.0

    Accounts Receivable

1.7

-2.1

-4.9

4.6

2.8

    Inventories

1.3

-9.2

-9.1

2.7

2.4

    Prepaid Expenses

1.6

-0.6

-2.1

-0.9

0.1

    Accounts Payable

-5.4

8.0

9.5

-2.8

-4.7

    Accrued Expenses

-1.5

-9.3

4.0

-12.4

-4.3

    Other Liabilities

-2.6

0.1

-5.8

-2.0

-3.0

Changes in Working Capital

-4.9

-13.1

-8.5

-10.9

-6.6

Cash from Operating Activities

10.7

-6.9

7.5

1.7

25.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-12.1

-5.2

-14.9

-8.5

-8.7

Capital Expenditures

-12.1

-5.2

-14.9

-8.5

-8.7

    Sale of Business

-

-

-

0.0

0.0

    Sale of Fixed Assets

0.0

0.0

0.0

0.0

0.0

    Other Investing Cash Flow

0.2

-0.2

-

0.0

0.0

Other Investing Cash Flow Items, Total

0.2

-0.1

0.0

0.0

0.0

Cash from Investing Activities

-11.9

-5.3

-14.9

-8.5

-8.7

 

 

 

 

 

 

    Other Financing Cash Flow

66.7

-12.0

-9.8

0.0

0.0

Financing Cash Flow Items

66.7

-12.0

-9.8

0.0

0.0

    Short Term Debt, Net

0.9

0.6

4.0

-0.1

0.7

        Long Term Debt Issued

1.7

2.2

5.6

0.0

-

        Long Term Debt Reduction

-67.5

-1.6

-1.4

-16.8

-6.3

    Long Term Debt, Net

-65.8

8.6

4.2

-16.8

-6.0

Issuance (Retirement) of Debt, Net

-64.9

9.2

8.2

-16.9

-5.3

Cash from Financing Activities

1.7

-2.8

-1.6

-16.9

-5.3

 

 

 

 

 

 

Foreign Exchange Effects

0.6

0.8

0.1

-0.2

0.1

Net Change in Cash

1.1

-14.2

-9.0

-23.9

11.1

 

 

 

 

 

 

Net Cash - Beginning Balance

1.8

15.9

24.9

48.8

37.7

Net Cash - Ending Balance

2.9

1.8

15.9

24.9

48.8

Cash Interest Paid

-

17.9

17.3

16.9

17.8

Cash Taxes Paid

-

-2.2

2.7

5.5

3.5

 

 

Annual Income Statement

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified with Explanation

Unqualified

 

 

 

 

 

 

    Net Sales

251.5

245.8

250.6

185.8

280.5

Total Revenue

251.5

245.8

250.6

185.8

280.5

 

 

 

 

 

 

    Cost of Goods Sold

182.7

187.5

177.4

139.0

203.5

    Selling, general, administrative and oth

46.3

47.3

52.3

37.7

42.7

    Goodwill impairment

-

0.0

0.0

6.5

0.0

Total Operating Expense

229.0

234.7

229.7

183.3

246.2

 

 

 

 

 

 

    Interest Income

0.0

0.0

0.3

0.4

0.9

    Other (income) expense

-0.7

-0.1

0.1

0.0

0.0

    Interest Expense

-20.2

-19.7

-18.9

-18.3

-19.4

Net Income Before Taxes

1.6

-8.8

2.4

-15.4

15.8

 

 

 

 

 

 

Provision for Income Taxes

0.1

-4.3

3.3

-0.2

6.0

Net Income After Taxes

1.5

-4.6

-0.9

-15.2

9.8

 

 

 

 

 

 

    net loss (income) attributable to non-co

-1.2

0.3

1.5

0.9

0.0

Net Income Before Extra. Items

0.3

-4.2

0.6

-14.3

9.8

Net Income

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

0.3

-4.2

0.6

-14.3

9.8

 

 

 

 

 

 

Dilution Adjustment

0.0

0.0

-

-

-

Diluted Net Income

0.3

-4.2

0.6

-14.3

9.8

Normalized Income Before Taxes

1.6

-8.8

2.4

-8.9

15.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

0.1

-4.3

3.3

2.1

6.0

Normalized Income After Taxes

1.5

-4.6

-0.9

-10.9

9.8

 

 

 

 

 

 

Normalized Inc. Avail to Com.

0.3

-4.2

0.6

-10.1

9.8

 

 

 

 

 

 

Interest Expense

20.2

-

-

-

-

Interest Expense, Supplemental

-

19.7

18.9

18.3

19.4

Depreciation, Supplemental

9.8

9.7

11.6

16.4

18.3

Research & Development Exp, Supplmental

-

18.1

15.2

13.2

15.8

Rental Expense, Supplemental

-

0.9

0.7

0.7

0.8

Amortization of Intangible

2.8

2.9

3.2

3.2

3.3

    Current Tax - Federal

-

-1.5

2.0

2.0

6.5

    Current Tax - State

-

0.1

0.3

0.8

0.7

    Current Tax - Foreign

-

0.5

0.3

0.2

0.5

Current Tax - Total

-

-0.9

2.6

3.0

7.7

    Deferred Tax - Federal

-

-2.3

1.1

-2.5

-0.7

    Deferred Tax - State

-

0.0

-0.1

0.0

0.0

    Deferred Tax - Foreign

-

-1.2

-0.3

-0.7

-0.9

Deferred Tax - Total

-

-3.4

0.7

-3.2

-1.7

Income Tax - Total

-

-4.3

3.3

-0.2

6.0

Service cost

-

-

-

0.0

0.0

Interest cost

-

5.9

6.0

5.9

5.7

Expected return on plan assets

-

-6.3

-5.5

-4.3

-6.7

Amortization of prior service costs

-

-

-

0.0

0.0

Recognized net actuarial loss

-

1.4

1.2

2.0

0.0

Domestic Pension Plan Expense

-

0.9

1.7

3.6

-0.9

Service Cost - Post-Retirement

-

0.0

0.0

0.0

0.2

Interest Cost - Post-Retirement

-

0.1

0.2

0.2

0.4

Actuarial Gains and Losses - Post-Retir.

-

-0.8

-0.8

-0.9

-0.5

Post-Retirement Plan Expense

-

-0.6

-0.6

-0.7

0.1

Defined Contribution Expense - Domestic

-

1.1

0.3

0.5

1.6

Total Pension Expense

-

1.5

1.4

3.4

0.9

Discount rate

-

5.50%

6.00%

6.25%

6.25%

Expected long-term rate of return on ass

-

8.00%

8.00%

8.00%

8.25%

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified with Explanation

Unqualified

 

 

 

 

 

 

    Cash and Cash Equivalents.

2.9

1.8

15.9

24.9

48.8

    Accounts receivable, Gross

32.9

35.1

33.1

28.7

32.4

    Uncollectible accounts

-0.3

-0.3

-0.3

-0.3

-0.2

    Raw Materials

-

19.6

12.6

9.8

10.3

    Work in Process

-

13.5

13.8

9.0

10.8

    Finished Goods

-

8.8

6.8

5.8

5.5

    Prepaid Expenses and Other Assets

3.4

2.5

4.3

2.8

1.7

    Deferred income taxes

0.7

3.0

2.1

1.6

0.9

    Inventories, net

40.2

-

-

-

-

Total Current Assets

79.8

84.1

88.3

82.2

110.2

 

 

 

 

 

 

    Land

-

7.6

7.5

8.0

7.4

    Building and Improvements

-

25.8

24.8

25.3

23.9

    Machinery and Equipment

-

139.6

135.0

122.5

116.7

    Capitalized Leases

-

5.5

4.7

4.5

2.8

    Construction in Progress

-

4.3

7.9

8.4

3.6

    Depreciation

-

-108.2

-99.9

-89.9

-73.5

    Goodwill

136.7

136.7

136.7

136.7

142.4

    Intangibles

-

104.9

107.5

104.4

108.5

    Amortization

-

-33.7

-30.5

-24.6

-25.0

    Adjustment

-

-

-1.1

-

-

    Intangible and other assets, net

66.7

-

-

-

-

    Property, plant and equipment, net

79.4

-

-

-

-

Total Assets

362.6

366.6

381.0

377.5

417.1

 

 

 

 

 

 

    Accounts Payable

24.1

29.0

23.6

16.7

18.4

    Accrued Liabilities

18.7

18.0

23.0

19.1

28.4

    Current maturities of long-term debt

32.4

18.3

9.2

4.3

13.9

    Current portion of capital lease obligat

1.0

0.5

0.4

0.6

0.3

Total Current Liabilities

76.3

65.8

56.2

40.7

61.0

 

 

 

 

 

 

    Long-term debt, excluding current maturi

165.3

165.6

166.0

160.3

165.5

    Capital lease obligations, excluding cur

3.0

1.4

1.3

2.2

0.8

Total Long Term Debt

168.2

167.0

167.4

162.6

166.3

 

 

 

 

 

 

    Deferred income taxes

9.8

14.2

23.1

22.6

21.8

    Pensions

-

42.0

31.0

33.1

40.6

    Retiree health benefits

-

2.7

2.9

3.1

3.3

    Other non-current liabilities

56.3

8.9

9.3

11.0

11.4

    Due to Stanadyne Holdings, Inc.

3.2

3.4

2.3

2.0

1.9

    Non-controlling interest

-

-

-

-0.9

0.0

    Redeemable non-controlling interest

-

0.7

0.8

0.0

-

    Redeemable non-controlling interest

0.9

-

-

-

-

Total Liabilities

314.8

304.8

292.9

274.2

306.4

 

 

 

 

 

 

    Common stock

0.0

0.0

0.0

0.0

0.0

    Additional paid-in capital

74.8

85.7

97.9

105.0

105.0

    Accumulated other comprehensive loss

-21.3

-18.0

-8.2

-6.0

-12.8

    Accumulated deficit

-5.7

-5.8

-1.6

4.2

18.6

Total Equity

47.8

61.8

88.1

103.3

110.8

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

362.6

366.6

381.0

377.5

417.1

 

 

 

 

 

 

    S/O-Ordinary Shares

0.0

0.0

0.0

0.0

0.0

Total Common Shares Outstanding

0.0

0.0

0.0

0.0

0.0

T/S-Ordinary Shares

0.0

0.0

0.0

0.0

0.0

Accumulated Intangible Amortization

-

33.7

30.5

24.6

25.0

Full-Time Employees

-

2,010

1,800

1,432

1,634

LT Debt Maturing within 1 Year

-

18.3

9.2

4.3

13.9

LT Debt Maturing within 2 Years

-

1.7

1.4

0.1

5.2

LT Debt Maturing within 3 Years

-

161.7

1.4

0.1

0.1

LT Debt Maturing within 4 Years

-

2.1

161.4

0.1

0.1

LT Debt Maturing within 5 Years

-

0.1

1.9

160.0

0.1

LT Debt Remaining Maturities

-

0.0

0.0

0.0

160.0

Total Long Term Debt, Supplemental

-

183.9

175.3

164.7

179.4

Capital Leases Maturing Within 1 Year

-

0.7

0.5

0.7

0.3

Capital Leases Maturing Within 2 Years

-

0.5

0.5

0.5

0.3

Capital Leases Maturing Within 3 Years

-

0.4

0.4

0.5

0.2

Capital Leases Maturing Within 4 Years

-

0.3

0.3

0.4

0.2

Capital Leases Maturing Within 5 Years

-

0.2

0.2

0.2

0.2

Capital Leases Maturing After 5 Years

-

0.2

0.4

0.7

0.1

Interest Costs

-

-0.4

-0.5

-0.2

-0.1

Total Capital Leases, Supplemental

-

2.0

1.7

2.8

1.1

Operating Leases Maturing Within 1 Year

-

1.0

0.9

1.1

1.1

Operating Leases Maturing Within 2 Years

-

0.9

0.9

0.8

0.6

Operating Leases Maturing Within 3 Years

-

0.8

0.8

0.8

0.3

Operating Leases Maturing Within 4 Years

-

0.7

0.8

0.8

0.3

Operating Leases Maturing Within 5 Years

-

0.7

0.8

0.8

0.1

Operating Leases - Remaining Payments

-

1.9

2.9

3.9

-

Total Operating Leases, Supplemental

-

5.9

7.1

8.1

2.4

Benefit obligation

-

121.5

109.9

102.5

95.5

Fair value of plan assets

-

79.1

78.5

69.2

54.6

Funded Status

-

-42.4

-31.4

-33.4

-40.9

Total Funded Status

-

-42.4

-31.4

-33.4

-40.9

Discount rate

-

3.75%

4.50%

5.25%

6.25%

Equity securities

-

69.00%

69.00%

68.00%

68.00%

Debt securities

-

31.00%

31.00%

32.00%

32.00%

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Restated Normal
31-Dec-2009

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified with Explanation

Unqualified

 

 

 

 

 

 

Net Income

1.5

-4.6

-0.9

-15.2

9.8

    Depreciation

12.6

12.7

14.8

19.6

21.5

    Goodwill impairment

-

0.0

0.0

6.5

0.0

    Amortization of debt discount and deferr

1.7

1.5

1.4

1.6

1.8

    Deferred Income Taxes

-0.4

-3.4

0.7

-0.1

-1.7

    Loss (gain) on disposal of property, pla

0.0

0.0

0.0

0.1

0.2

    Pension plan curtailment gain

-

-

-

0.0

0.0

    Stock Compensation Expense

-

-

-

0.1

0.1

    Accounts Receivable

1.7

-2.1

-4.9

4.6

2.8

    Inventories

1.3

-9.2

-9.1

2.7

2.4

    Prepaid Expenses and Other Assets

1.6

-0.6

-2.1

-0.9

0.1

    Due to Stanadyne Holdings, Inc.

-0.2

1.2

1.7

0.2

-0.2

    Accounts Payable

-5.2

6.8

7.8

-2.9

-4.4

    Accrued Liabilities

-1.5

-9.3

4.0

-12.4

-4.3

    Other non-current liabilities

-2.6

0.1

-5.8

-2.0

-3.0

Cash from Operating Activities

10.7

-6.9

7.5

1.7

25.0

 

 

 

 

 

 

    Capital Expenditures

-12.1

-5.2

-14.9

-8.5

-8.7

    Proceeds from disposal of property, plan

0.0

0.0

0.0

0.0

0.0

    Proceeds from sale of discontinued opera

-

-

-

0.0

0.0

    crease) decrease in restricted cash

0.2

-0.2

-

0.0

0.0

Cash from Investing Activities

-11.9

-5.3

-14.9

-8.5

-8.7

 

 

 

 

 

 

    Proceeds from U.S. revolver

78.7

-

-

-

-

    Proceeds from foreign term loans

1.7

-

-

-

-

    Proceeds from foreign long-term debt

-

2.2

5.6

0.0

-

    Long Term Debt, Net

-

-

-

-

0.3

    Payments on U.S. revolver

-65.6

-

-

-

-

    Payments on foreign term loans

-1.4

-0.9

-0.2

-0.2

0.0

    Proceeds from foreign overdraft faciliti

5.5

25.4

5.8

-

0.7

    Payments on foreign overdraft facilities

-4.6

-24.9

-1.8

-0.1

-

    Proceeds from U.S. revolver, net

-

8.0

0.0

0.0

-

    Payment on Long Term Debt

-

0.0

0.0

-15.0

-6.2

    Payments of debt issuance costs

0.0

-0.2

0.0

-1.2

0.0

    Dividends paid

-12.0

-12.0

-12.0

0.0

0.0

    Payments on capital lease obligations

-0.6

-0.5

-1.2

-0.4

-0.1

    Proceeds from issuance of debt to non-co

0.0

0.0

1.6

0.0

0.0

    Proceeds from investment by non-controll

0.0

0.0

0.5

0.0

0.0

Cash from Financing Activities

1.7

-2.8

-1.6

-16.9

-5.3

 

 

 

 

 

 

Foreign Exchange Effects

0.6

0.8

0.1

-0.2

0.1

Net Change in Cash

1.1

-14.2

-9.0

-23.9

11.1

 

 

 

 

 

 

Beginning Cash Balance

1.8

15.9

24.9

48.8

37.7

Ending Cash Balance

2.9

1.8

15.9

24.9

48.8

    Cash Interest Paid

-

17.9

17.3

16.9

17.8

    Cash Taxes Paid

-

-2.2

2.7

5.5

3.5

 

 

Financial Health

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

Key Indicators USD (mil)

 

Quarter
Ending
30-Sep-2013

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2012

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue (?)

71.9

23.65%

251.5

2.32%

10.60%

-2.97%

Operating Income (?)

5.1

22.53%

22.5

103.98%

106.06%

-9.37%

Income Available to Common Excl Extraord Items (?)

-14.2

-

0.3

-

-

-45.19%

Capital Expenditures (?)

11.8

15.46%

12.1

131.26%

12.39%

4.86%

Cash from Operating Activities (?)

-10.3

-

10.7

-

83.67%

-15.35%

Free Cash Flow (?)

-22.0

-

-1.4

-

-

-

Total Assets (?)

377.2

2.17%

362.6

-1.09%

-1.33%

-3.56%

Total Liabilities (?)

351.3

10.36%

314.8

3.28%

4.70%

0.42%

Total Long Term Debt (?)

6.9

-95.83%

168.2

0.71%

1.15%

-1.52%

Total Common Shares Outstanding (?)

0.0

0.00%

0.0

0.00%

0.00%

0.00%

Key Ratios

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Profitability

Gross Margin (?)

27.35%

23.72%

29.22%

25.19%

27.44%

Operating Margin (?)

8.94%

4.49%

8.34%

1.38%

12.22%

Pretax Margin (?)

0.63%

-3.59%

0.95%

-8.29%

5.63%

Net Profit Margin (?)

0.12%

-1.72%

0.23%

-7.70%

3.50%

Financial Strength

Current Ratio (?)

1.05

1.28

1.57

2.02

1.81

Long Term Debt/Equity (?)

3.52

2.70

1.90

1.57

1.50

Total Debt/Equity (?)

4.22

3.01

2.01

1.62

1.63

Management Effectiveness

Return on Assets (?)

0.41%

-1.22%

-0.25%

-3.83%

2.30%

Return on Equity (?)

0.54%

-5.63%

0.60%

-13.37%

8.29%

Efficiency

Receivables Turnover (?)

7.44

7.26

8.20

6.14

7.90

Inventory Turnover (?)

4.45

4.99

6.14

5.43

7.29

Asset Turnover (?)

0.69

0.66

0.66

0.47

0.66

 

 

Annual Ratios

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 



 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Financial Strength

Current Ratio (?)

1.05

1.28

1.57

2.02

1.81

Quick/Acid Test Ratio (?)

0.47

0.56

0.87

1.31

1.33

Working Capital (?)

3.5

18.3

32.1

41.5

49.2

Long Term Debt/Equity (?)

3.52

2.70

1.90

1.57

1.50

Total Debt/Equity (?)

4.22

3.01

2.01

1.62

1.63

Long Term Debt/Total Capital (?)

0.67

0.67

0.63

0.60

0.57

Total Debt/Total Capital (?)

0.81

0.75

0.67

0.62

0.62

Effective Tax Rate (?)

4.30%

-

139.18%

-

38.05%

Total Capital (?)

249.5

247.7

265.1

270.8

291.3

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

0.69

0.66

0.66

0.47

0.66

Inventory Turnover (?)

4.45

4.99

6.14

5.43

7.29

Days In Inventory (?)

82.11

73.18

59.40

67.21

50.10

Receivables Turnover (?)

7.44

7.26

8.20

6.14

7.90

Days Receivables Outstanding (?)

49.04

50.24

44.52

59.44

46.19

Revenue/Employee (?)

-

122,269

139,218

129,782

171,648

Operating Income/Employee (?)

-

5,485

11,617

1,795

20,978

EBITDA/Employee (?)

-

11,779

19,826

15,505

34,157

 

 

 

 

 

 

Profitability

Gross Margin (?)

27.35%

23.72%

29.22%

25.19%

27.44%

Operating Margin (?)

8.94%

4.49%

8.34%

1.38%

12.22%

EBITDA Margin (?)

13.96%

9.63%

14.24%

11.95%

19.90%

EBIT Margin (?)

8.94%

4.49%

8.34%

1.38%

12.22%

Pretax Margin (?)

0.63%

-3.59%

0.95%

-8.29%

5.63%

Net Profit Margin (?)

0.12%

-1.72%

0.23%

-7.70%

3.50%

COGS/Revenue (?)

72.65%

76.28%

70.78%

74.81%

72.56%

SG&A Expense/Revenue (?)

18.41%

19.24%

20.87%

20.29%

15.21%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

0.41%

-1.22%

-0.25%

-3.83%

2.30%

Return on Equity (?)

0.54%

-5.63%

0.60%

-13.37%

8.29%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share (?)

-1,402.00

-12,087.00

-7,426.00

-6,775.00

16,269.00

Operating Cash Flow/Share  (?)

10,658.00

-6,872.00

7,470.00

1,720.00

24,964.00

 


Standard & Poors

United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

Publication date: 05-Aug-2011 20:13:14 EST


 

        We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

         We have also removed both the short- and long-term ratings from CreditWatch negative.

         The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

         More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

         Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.

         The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

TORONTO (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the long-term rating is negative. At the same time, Standard & Poor's affirmed its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's removed both ratings from CreditWatch, where they were placed on July 14, 2011, with negative implications.

 

The transfer and convertibility (T&C) assessment of the U.S.--our assessment of the likelihood of official interference in the ability of U.S.-based public- and private-sector issuers to secure foreign exchange for

debt service--remains 'AAA'.

 

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

 

Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see "Sovereign Government Rating Methodology and Assumptions ," June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government's other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.

 

We have taken the ratings off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment of 2011 has removed any perceived immediate threat of payment default posed by delays to raising the government's debt ceiling. In addition, we believe that the act provides sufficient clarity to allow us to evaluate the likely course of U.S. fiscal policy for the next few years.

 

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements,

the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

 

Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions," June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government's ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population's demographics and other age-related spending drivers closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now," June 21, 2011).

 

Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.

 

The act calls for as much as $2.4 trillion of reductions in expenditure growth over the 10 years through 2021. These cuts will be implemented in two steps: the $917 billion agreed to initially, followed by an additional $1.5 trillion that the newly formed Congressional Joint Select Committee on Deficit Reduction is supposed to recommend by November 2011. The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.

 

The act further provides that if Congress does not enact the committee's recommendations, cuts of $1.2 trillion will be implemented over the same time period. The reductions would mainly affect outlays for civilian discretionary spending, defense, and Medicare. We understand that this fall-back mechanism is designed to encourage Congress to embrace a more balanced mix of expenditure savings, as the committee might recommend.

 

We note that in a letter to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated total budgetary savings under the act to be at least $2.1 trillion over the next 10 years relative to its baseline assumptions. In updating our own fiscal projections, with certain modifications outlined below, we have relied on the CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to include the CBO assumptions contained in its Aug. 1 letter to Congress. In general, the CBO's "Alternate Fiscal Scenario" assumes a continuation of recent Congressional action overriding existing law.

 

We view the act's measures as a step toward fiscal consolidation. However, this is within the framework of a legislative mechanism that leaves open the details of what is finally agreed to until the end of 2011, and Congress and the Administration could modify any agreement in the future. Even assuming that at least $2.1 trillion of the spending reductions the act envisages are implemented, we maintain our view that the U.S. net general government debt burden (all levels of government combined, excluding liquid financial assets) will likely continue to grow. Under our revised base case fiscal scenario--which we consider to be consistent with a 'AA+' long-term rating and a negative outlook--we now project that net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high in relation to those of peer credits and, as noted, would continue to rise under the act's revised policy settings.

 

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

 

Our revised upside scenario--which, other things being equal, we view as consistent with the outlook on the 'AA+' long-term rating being revised to stable--retains these same macroeconomic assumptions. In addition, it incorporates $950 billion of new revenues on the assumption that the 2001 and 2003 tax cuts for high earners lapse from 2013 onwards, as the Administration is advocating. In this scenario, we project that the net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.

 

Our revised downside scenario--which, other things being equal, we view as being consistent with a possible further downgrade to a 'AA' long-term rating--features less-favorable macroeconomic assumptions, as outlined below and also assumes that the second round of spending cuts (at least $1.2 trillion) that the act calls for does not occur. This scenario also assumes somewhat higher nominal interest rates for U.S. Treasuries. We still believe that the role of the U.S. dollar as the key reserve currency confers a government funding advantage, one that could change only slowly over time, and that Fed policy might lean toward continued loose monetary policy at a time of fiscal tightening. Nonetheless, it is possible that interest rates could rise if investors re-price relative risks. As a result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year bond yields relative to the base and upside cases from 2013 onwards. In this scenario, we project the net public debt burden would rise from 74% of GDP in 2011 to 90% in 2015 and to 101% by 2021.

 

Our revised scenarios also take into account the significant negative revisions to historical GDP data that the Bureau of Economic Analysis announced on July 29. From our perspective, the effect of these revisions underscores two related points when evaluating the likely debt trajectory of the U.S. government. First, the revisions show that the recent recession was deeper than previously assumed, so the GDP this year is lower than previously thought in both nominal and real terms. Consequently, the debt burden is slightly higher. Second, the revised data highlight the sub-par path of the current economic recovery when compared with rebounds following previous post-war recessions. We believe the sluggish pace of the current economic recovery could be consistent with the experiences of countries that have had financial crises in which the slow process of debt deleveraging in the private sector leads to a persistent drag on demand. As a result, our downside case scenario assumes relatively modest real trend GDP growth of 2.5% and inflation of near 1.5% annually going forward.

 

When comparing the U.S. to sovereigns with 'AAA' long-term ratings that we view as relevant peers--Canada, France, Germany, and the U.K.--we also observe, based on our base case scenarios for each, that the trajectory of the U.S.'s net public debt is diverging from the others. Including the U.S., we estimate that these five sovereigns will have net general government debt to GDP ratios this year ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%. By 2015, we project that their net public debt to GDP ratios will range between 30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at 79%. However, in contrast with the U.S., we project that the net public debt burdens of these other sovereigns will begin to decline, either before or by 2015.

 

Standard & Poor's transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment reflects our view of the likelihood of the sovereign restricting other public and private issuers' access to foreign exchange needed to meet debt service. Although in our view the credit standing of the U.S. government has deteriorated modestly, we see little indication that official interference of this kind is entering onto the policy agenda of either Congress or the Administration. Consequently, we continue to view this risk as being highly remote.

 

The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.52

UK Pound

1

Rs.101.48

Euro

1

Rs.84.11

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

This score serves as a reference to assess SCs credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

 

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