"We are excited about AMT's future with our new financing partners and appreciate Promontory Point Capital's leadership & expertise in bringing this deal to a quick close!"
Ram Thukkaram
Chief Executive Officer
American Metal Technologies
Promontory Point Capital is excited to announce another one of our firm's recent client successes.
American Metal Technologies(“AMT”) is a leading manufacturer of precision-machined parts and sub-assemblies serving the needs of automotive and industrial original equipment manufacturers. Since being established in 2000, AMT has served a variety of industrial heavy-duty vehicle segments and has been recognized as a key Tier 1 OEM automotive supplier by both Ford Motor Company and General Motors. With a differentiated business model based on the ability to provide engineering services, prototyping, and short production runs - with the added flexibility to increase production into longer runs and higher production levels - AMT is viewed by its customers as a trusted and valued partner.
As the automotive, heavy-duty vehicle, and other industrial markets emerge from the pandemic, AMT's customers have begun to introduce new vehicle production programs. To properly prepare for these changing program demands, AMT engaged Promontory Point Capital as its investment banker to arrange financing to better position the business for growth. PPC's engagement included marketing the opportunity and soliciting funding proposals from both bank and non-bank sources of financing. After securing multiple competing term sheets, PPC recommended a new financing structure for AMT to include Amerisource Business Credit and Utica Equipment Finance. This new multi-lender financing structure closed during June of 2022 and represented another successfulDone Dealfor our firm.
Promontory Point Capital 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: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged 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: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our firm's new website at
www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.
