PPC Advises American Iron & Alloys on Sale to The Lawton Standard Company

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

American Iron & Alloys (“AIA”) is a Waukesha, Wisconsin-based manufacturer and supplier of continuous cast iron, bronze, and other alloys distributed throughout the United States. The Company’s flagship product is its continuous cast iron alloy, branded as Versa-Bar, which AIA exclusively distributes through its partnership with Brazil-based Tupy SA. With strong brand recognition earned over a more than 40-year history, AIA’s products are used by fluid power, heavy duty construction, and a variety of other industries that require metallurgically superior alloys.

As AIA ownership and leadership began to contemplate succession planning goals, the Company’s law firm recommended that the owners have a confidential conversation with Promontory Point Capital. PPC was subsequently engaged to explore shareholder liquidity and strategic alternatives for the business. Once engaged, PPC prepared a Memorandum, researched a targeted set of potential acquirers, and subsequently led confidential outreach efforts to solicit transactional interest in AIA. After soliciting preliminary offers from multiple bidders, PPC assisted in negotiating a Letter of Intent with The Lawton Standard Company. Based in Green Bay, Wisconsin, Lawton Standard is a leading manufacturer of high alloy and complicated metallurgical castings. Lawton Standard is a portfolio company of Oakland Standard, a private equity firm based in Michigan. PPC managed the entire engagement and assisted in closing the transaction during the fourth quarter of 2022 representing another successful Done Deal for our firm. Read Press Release

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.