Diversified Industrials
METALfx Has Been Acquired by Montage Partners
Published May 1, 2019
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful sale of its client, Advanced Manufacturing and Development, Inc. (dba METALfx), previously owned by Avista Corporation, to Montage Partners. Meridian Capital served as the exclusive financial advisor to Avista Corporation and METALfx.
ABOUT METALfx
Founded in 1976 and headquartered in Willits, California, METALfx is a leading provider of precision sheet metal fabrications, enclosures, assemblies, and complex wood composite components across a variety of industries, including technology, healthcare, industrial, and others. The Company is strategically focused on serving customers that demand quick turnaround times, prototype collaboration, engineering support, and rigorous product standards, and whose parts are highly engineered, complex, and subject to high precision and tight tolerances.
ABOUT MONTAGE PARTNERS
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million.
“Meridian Capital achieved the best result for all stakeholders in the transaction – not only did they find a partner that met all shareholders’ objectives but was also well aligned with the culture and vision of the Management team. Meridian Capital was highly committed from the start to finish and was instrumental in helping us reach an outcome.”
Gordon Short, Former President & CEO
METALfx
“This transaction demonstrates Meridian’s expertise navigating the complex regulatory and shareholder dynamics associated with corporate divestitures. Meridian is proud to have represented both METALfx and Avista and believe Montage will be a great partner. The transaction demonstrates Meridian’s continued momentum in the diversified industrials sector.”
Brian Murphy, President & Managing Director
Meridian Capital
For more information, please contact:
CEO, Managing Director
About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
