Shoreline Client: WD-40 Company (Nasdaq: WDFC)
Transaction: Sold Manufacturing Facility and Operation to VML, LLC

WD-40's acquisition of HPD Holdings Corp. included manufacturing operations in Memphis, Tennessee.  WD-40 engaged Shoreline to sell the Memphis facility and business operations to one of WD-40's existing outsourcing manufacturing partners.  Shoreline negotiated and structured the sale of the Memphis facility to VML, LLC, a new entity formed by Valley Products Company. Shoreline negotiated a significant ownership position for WD-40 in VMV, the first time WD-40 has had an ownership interest in one of its manufacturing partners.

Shoreline Client: Borrego Springs Bank
Transaction: Sold Majority Ownership Interest to the Viejas Band of Kumeyaay Indians

Borrego Springs Bank was a Southern California independent financial institution under regulatory pressure to increase its capital. The Bank had been unsuccessful in raising capital through traditional investor sources.  Shoreline Partners was engaged by the bank's Board of Directors to seek capital from other sources.  Shoreline identified the Viejas Band of Kumeyaay Indians, a very successful Indian gaming tribe, as a potential strategic partner and investor.  Shoreline presented the unusual opportunity to Viejas' advisors and Tribal Council and ultimately negotiated a transaction for Viejas to acquire majority control of the Bank. The transaction represented a true strategic alliance as the Bank gained capital and a new opportunity in an under-banked market segment while Viejas gained access to the financial services industry and diversified its investments. Shoreline worked closely with attorneys for both the Bank and Viejas in filing and obtaining regulatory approval for the transaction. Shoreline also assisted Viejas in selecting individuals to represent it on the Bank's Board of Directors.

Shoreline Client: Comac, Inc.
Transaction: Sold to Pierce Leahy, Inc.

Comac is the leading distributor of sales and marketing literature for Fortune 1000 companies in the U.S.  The Company warehouses and fulfills orders for corporate sales, marketing and technical literature for clients throughout the U.S. Based in the San Francisco Bay area, Comac had six warehouse facilities in Northern California, Atlanta and Chicago. Shoreline consulted with Comac's owners on strategies for increasing the value of the Company and, approximately a year later, Comac engaged Shoreline to sell the Company. Shoreline identified prospective buyers across multiple industry segments along with a select group of private equity funds.  Multiple offers were generated and a sale closed at a value significantly higher than expected. The buyer, Pierce Leahy (since merged with Iron Mountain, Inc.), was the largest records archival storage company in the U.S.  The Comac acquisition represented an additional service that Pierce Leahy  could offer corporate customers from its many warehouse locations.

Shoreline Client: Litehouse, Inc.
Transaction: Merged Litehouse, Inc., and Chadalee Farms, Inc.

Litehouse, a leading, West Coast based manufacturer of branded, retail salad dressings, determined it needed manufacturing capability and distribution in the eastern U.S. Shoreline Partners was engaged to conduct a search and negotiate a merger or acquisition to meet the objective. Shoreline identified six qualified candidates and negotiated a merger agreement with Chadalee Farms, located in Michigan.  The merger provided Litehouse with its desired capability as well as new expertise in food service dressings and sauces.  Litehouse is the second largest manufacturer of fresh salad dressings in the U.S.