Manufacturing & Distribution
METALfx Has Been Acquired by Montage Partners
Published May 1, 2019
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – CLA 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. CLA 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.
“CLA 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. CLA 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 CLA Meridian Capital’s expertise navigating the complex regulatory and shareholder dynamics associated with corporate divestitures. CLA Meridian Capital is proud to have represented both METALfx and Avista and believe Montage will be a great partner. The transaction demonstrates CLA Meridian Capital’s continued momentum in the diversified industrials sector.”
Brian Murphy, President & Managing Director
CLA Meridian Capital
For more information, please contact:
Managing Principal of Investment Banking
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
