Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") announces the sale of Colorado-based Precision Metal Manufacturing, LLC ("PMM"), a metal fabrication business, and Pro-Tech Powder Coating Company, LLC (“Pro-Tech”), its sister finishing company, to Whiterock Capital, LLC, a private investment firm of Imperial Private Equity and Pennington Capital Partners.
"We wanted to find a buyer who understands our business, knows how to expand it and will take care of our loyal employees. After BAMA’s extensive search, Whiterock's experience growing small businesses and enhancing operating performance coupled with their shared vision and culture made them the best fit. We are excited for PMM and Pro-Tech's future with a proven, veteran investment group," commented Mark Allen, President of both PMM and Pro-Tech.
Shawn Walsh and Lane Pennington, Founding Partners of Whiterock, spearheaded the Whiterock acquisition team. "We are impressed with what Mark established over the past two decades at PMM and see many opportunities for continued growth. PMM’s custom products create loyal customers across a variety of industries, and we know PMM can provide even more to the Colorado and Midwest U.S. markets as we expand," said Shawn Walsh.
BAMA acted as an advisor to PMM/Pro-Tech. Anthony King Law provided legal counsel to the seller with Barrow & Grimm representing the buyer. Financial terms for the transaction will not be disclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
Precision Metal Manufacturing (PMM), founded in 1997, provides customized metal fabrication services for the industrial, agricultural, medical, electronics & technology and aerospace & defense industries. Combining advanced engineering software with various CNC and other metal cutting, welding and bending machines, PMM’s comprehensive offering suite includes engineering, fabrication and assembly of custom metal products.
Pro-Tech Powder Coating Company (Pro-Tech), founded in 2003, uses automated paint lines to yield high-quality finishing for PMM products and for other customers seeking finishing-only services.
Whiterock Capital, LLC is a private investment firm investing in privately-owned lower middle market businesses. They invest internally-managed capital to support growing companies, management buyouts, recapitalizations and corporate divestitures for businesses typically under $5 million of EBITDA. Whiterock invests in attractive niche markets and strong management teams, primarily in the Southwest and Midwest U.S.