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Exit and Growth Strategies for Middle Market Businesses

M&A Quarterly News In The Metal Fabrication Industry Sector

By Jim Zipursky | May 16, 2019

The report below gives a good overview of the second quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q1 2019 included 55 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when Tribus Aerospace LLC, a portfolio company of Shorehill Capital LLC acquired Midwest Precision LLC for an undisclosed amount. Antares Capital Corp provided debt and equity capital to Tribus Aerospace. The acquisition aims to expand the service offerings of Tribus Aerospace. Founded in 1953, Midwest Precision is located in Eastlake, Ohio and provides contract manufacturing services in precision machining of stainless steel, aluminum and exotic materials.

Industry Indicators

  • US durable goods manufacturers’ shipments of fabricated metal products, an indicator of fabricated metal parts production, rose 5.8% year-to-date in February 2019 compared to the same period in 2018.
  • US steel mill product prices, an indicator of commodity steel costs for fabricated metal products manufacturers, rose 10.3% in March 2019 compared to the same month in 2018.

Posted by Jim Zipursky.

Read the Entire Metal Fabrication 2nd Quarter Newsletter Here


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