PPC Advises Fabricated Metal Products on Ownership Transition & Sale Transaction

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

Fabricated Metal Products (“FMP”) is a Southeastern Wisconsin-based manufacturer of components and assemblies required by heavy-duty machinery companies. The business was formed in 1952 and has grown into a supplier of choice for leading material handling, waste disposal equipment, heavy-duty truck, and other industrial companies. In addition to being ISO 9001 certified, FMP is also certified by several major OEM’s, earning a preferred supplier designation with one of the world's largest construction & heavy duty equipment manufacturers.

As FMP’s current ownership group began to contemplate transition plans for the business they owned since 1999, the Company’s law firm recommended that the owners have a confidential conversation with Promontory Point Capital. PPC was subsequently engaged to explore strategic alternatives for the business to facilitate the achievement of ownership’s financial & transition goals. PPC’s engagement encompassed preparing materials to market the Company, leading a confidential outreach effort to a targeted group of strategic and financial parties, and soliciting competing offers for the business. After soliciting preliminary offers from multiple interested parties, PPC assisted in negotiating a Letter of Intent with a buyer group comprised of Newel Capital and Optimus Capital Partners. PPC managed the entire engagement, including facilitating all due diligence activities, resulting in another successful Done Deal for our firm.

Promontory Poin t C apital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 160 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.