The report below gives a good overview of the third 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 Q2 2019 included 37 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions in the sector was announced in April when Montage Partners LLC acquired Advanced Manufacturing & Development, Inc., trading as METALfx, a subsidiary of Avista Corp, for an undisclosed amount in cash. Montage Partners is a private equity firm located in Scottsdale, Arizona. Advanced Manufacturing & Development manufactures sheet metal products. The firm offers laser cutting, welding, painting and powder coating, punching and stamping, forming and CNC machining. The company was founded by in 1976 and is headquartered in Willits, CA.
- US durable goods manufacturers’ shipments of fabricated metal products, an indicator of fabricated metal parts production, rose 4.4% year-to-date in May 2019 compared to the same period in 2018.
- US steel mill product prices, an indicator of commodity steel costs for fabricated metal products manufacturers, fell 3.4% in June 2019 compared to the same month in 2018.
Posted by Jim Zipursky.