HYDE PARK CAPITAL ADVISORS, LLC ANNOUNCESSALE OF TECHNOLOGY RESEARCH CORP. TO COLEMAN CABLE
Tampa, Florida – May 18, 2011 – Hyde Park Capital Advisors, LLC (“Hyde ParkCapital”) is pleased to announce the recently completed sale of Technology Research Corp. (Nasdaq: TRCI), a recognized leader in providing cost‐effective engineered solutions for applications involving power management and control, intelligent battery systems technology and electrical safety products to Coleman Cable, Inc. (Nasdaq:CCIX), a leading manufacturer and innovator of electrical and electronic wire and cable products. Coleman Cable, Inc. finalized the transaction following the completion of a previously announced tender offer for all of the outstanding shares of Technology Research Corp. for $7.20 per share in cash and a subsequent short‐form merger. Hyde Park Capital served as the investment banker and financial advisor to Technology Research Corp. on the sale of the Company.
“We greatly appreciate the efforts of Hyde Park Capital who helped us throughout the entire transaction process and played a key role in the successful sale of TRC,”commented Robert Woltil, Interim CEO and CFO of Technology Research Corp. “Hyde Park Capital’s level of detail and knowledge played a key role in the success of this complicated transaction.”
“Coleman Cable, Inc. is a leader in the wire and cable industry and its acquisition of Technology Research Corp. expands its electrical products platform and provides an immediate and significant entry into the intelligent battery and power management systems businesses,” said John McDonald, Senior Managing Director at Hyde Park Capital. “This transaction is a significant win for both the buyer and seller, as well as for the shareholders of Technology Research Corp.”
About Technology Research Corporation
Technology Research Corp. is a recognized leader in providing cost‐effective engineered solutions for applications involving power management and control, intelligent battery systems technology and electrical safety products based on its proven ground fault sensing and Fire Shield® technology. These products are designed, manufactured and distributed to the consumer, commercial and industrial markets worldwide. Technology Research Corp. also supplies power monitors and control equipment to the United States military and its prime contractors. More information is available at www.trci.net.
About Coleman Cable, Inc.
Coleman Cable, Inc. is a leading manufacturer and innovator of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical,commercial, industrial, and automotive industries. With extensive design and production capabilities and a long‐standing dedication to customer service, Coleman Cable, Inc. is the preferred choice of cable and wire users throughout the United States.For more information, please visit www.colemancable.com.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and private placements and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies,including equity, mezzanine and senior debt. As one of the most active investment banking firms in Florida and the Southeast, our professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value. We are headquartered in Tampa, Florida and are a member of FINRA and SIPC. For additional information about Hyde Park Capital, visit www.hydeparkcapital.com or call (813) 383‐0202.