M&A Deal Summary

Montage Partners and Eagle Private Capital Acquire METALfx

On April 18, 2019, private equity firm Montage Partners and mezzanine finance firm Eagle Private Capital acquired manufacturer METALfx from Avista

Acquisition Highlights
  • This is Montage Partners’ 1st and Eagle Private Capital’s 4th transaction in the Manufacturing sector.
  • This is Montage Partners’ 12th and Eagle Private Capital’s 77th transaction in the United States.
  • This is Montage Partners’ 4th and Eagle Private Capital’s 7th transaction in California.

M&A Deal Summary

Date 2019-04-18
Target METALfx
Sector Manufacturing
Buyer(s) Montage Partners
Eagle Private Capital
Sellers(s) Avista
Deal Type Divestiture
Advisor(s) Meridian Capital (Financial)

Target

METALfx

Willits, California, United States
METALfx is a provider of precision sheet metal fabrications, enclosures, assemblies, and complex wood composite components across a variety of industries, including technology, healthcare, industrial, and others. METALfx was founded in 1976 and is based in Willits, California.

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Buyer(S) 2

Buyer

Montage Partners

Scottsdale, Arizona, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Montage Partners is a private investment firm that seeks to invest in mature family and founder-owned companies headquartered in the southwestern US. It targets lower middle market companies with minimum operating history of five years. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Prospective businesses generally have EBITDA of at least $1.5 million. Montage Partners was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 12 of 18
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 4 of 5
Country: United States M&A 12 of 18
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 Puroflux

Simi Valley, California, United States

Puroflux is a manufacturer of commercial and industrial water filtration systems globally. Puroflux delivers unsurpassed dedication to quality, continuous innovation in engineering and technology, responsive service from initial design through installation, and an ability to deliver custom design solutions on time, every time. Puroflux was founded in 1994 and is based in Simi Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Advantco

Raleigh, North Carolina, United States

Advantco provides software adapters that automate the integration of various enterprise applications with ERP systems, including SAP and Oracle. Advantco was founded in 2007 and is based in Raleigh, North Carolina.

Buy -
Buyer

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 77 of 87
Sector: Manufacturing M&A 4 of 5
Type: Divestiture M&A Deals 3 of 4
State: California M&A 7 of 7
Country: United States M&A 77 of 87
Year: 2019 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-21 Alatus Solutions

Sandy Springs, Georgia, United States

Alatus Solutions is a provider of technology-enabled practice optimization solutions to dental practices across the United States, helping practitioners increase productivity, improve profitability, and drive revenue growth. Alatus Solutions offers a comprehensive suite of services including website design and hosting, direct mail campaigns, pay-per-click advertising, reputation management, call tracking and analytics, and continuing education. Alatus Solutions was founded in 1995 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 BNI

Charlotte, North Carolina, United States

BNI is a networking-based business development platform, providing its 250,000+ members with a structured and proven referral marketing program to grow their business and develop long-term relationships with quality business professionals. BNI was founded in 1985 and is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Avista

Spokane, Washington, United States

Category Company
Founded 1889
Sector Utilities
Employees1,920
Revenue 1.9B USD (2024)
DESCRIPTION
Avista's corporate headquarters located in Spokane, Washington.
Avista's corporate headquarters located in Spokane, Washington.

Avista is an energy company engaged in the generation, transmission and distribution of electricity and the distribution of natural gas, as well as other energy-related businesses. Avista was founded in 1889 and is based in Spokane, Washington.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 ENGIE Insight Services

Spokane, Washington, United States

ENGIE Insight Services, Inc. is a total energy and sustainability management company whose sole purpose is to see more, save more and sustain more for our clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, we provide fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations.

Sell $335M