Stamford, CT, November, 2024: TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive financial advisor to Keiaisha Co., Ltd. (“Keiaisha”), based in Tokyo Japan, on its sale of its wholly-owned subsidiary KI (USA) Corporation (“KI-USA”) located in Berea, KY. The sale also includes KI-USA’s Mexican subsidiary located in Irapuato, Guanajuato, Mexico. KI-USA specializes in medium-sized metal stamped and welded assemblies with electrodeposition coating. The company directly serves major North American OEM customers which include Nissan and Volkswagen, as well as Tier 1 suppliers to Toyota, Honda, Subaru, Mazda, and Ford.

American Industrial Acquisition Corporation (“AIAC”) acquired KI-USA through its newly formed entity, KI Holding Company Inc. AIAC is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, and Asia and this acquisition for AIAC reflects its long-term commitment to advanced automotive component manufacturing.

Hiroshi Maki, Managing Executive Officer of Keiaisha, commented on the transaction, saying, “We are grateful to have completed the sale to AIAC, who is deeply committed to building on the success of KI-USA and continuing to serve its customers.”

Mr. Maki also expressed his gratitude to TrueNorth stating, “We truly appreciate the TrueNorth team for their commitment and support during this sale process and for helping us find the right buyer. It was not an easy journey, and we could not have achieved this outcome without their expertise and professional advice”.

TrueNorth’s professionals supporting Keiaisha are Yoshi Togo, Fred Rossetti, Matt Kodama, Ani Vajjah and Mindy Piroonhapat.

About Keiaisha Co., Ltd.:

Keiaisha Co., Ltd. manufactures and sells steel materials and nonferrous metals. The company also engages in the manufacture and sale of auto parts; demolition of used vehicles and second hand parts sales; and manufacture and sale of recycled aluminum alloys. In addition, it sells steel materials, machine tools, tools, and oils; and engages in auto leasing, casualty insurance agencies, etc. The company was formerly known as Keiaisha NMB Co., Ltd. and changed its name to Keiaisha Co., Ltd. in January 2001. The company was founded in 1934 and is based in Tokyo, Japan.

About KI (USA) Corporation:

KI (USA) Corporation is a company that specializes in manufacturing custom automotive parts and components for notable customers such as Honda, Mazda, and Ford. They use advanced metal stamping, electro-coat painting, and welding processes to create solutions for their clients’ needs. The company has won awards for their work in the automotive manufacturing industry.

About American Industrial Acquisition Corporation:

American Industrial Acquisition Corporation is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, and Asia. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.

About TrueNorth Capital Partners LLC:

TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford, CT; Charleston, SC; Sea Girt, NJ; Naples, FL; Minneapolis, MN, Tokyo, Japan, and London, UK. TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

Further inquiries should be directed to TrueNorth at the contact information provided below:

Yoshi Togo, Managing Director
Direct Dial: (203) 817-0284
E-mail: ttogo@truenorthcp.com

Fred Rossetti, Managing Director
Direct Dial: (203) 817-0276
E-mail address: frossetti@truenorthcp.com

Matt Kodama, Managing Director (Japan)
Direct Dial: +81 (3) 6890-4048
E-mail address: mkodama@truenorthcp.com