321 Capital Partners, LLC (321 Capital Partners) has announced that its client, Production and Custom Stainless Steel Manufacturer, is exploring options to sell an equity position in the company. One senior partner is seeking to exit from the business, affording investors an opportunity for a partial or entirety purchase of this well established manufacturer with an excellent industry reputation. Maryland based, in-vestment bank 321 Capital Partners is currently conducting a global search for candidates.
Ervin Terwilliger, Managing Partner of 321 Capital had this to say: “We are very excited to represent our new client. We feel that our Client brings a superior, integrated manufacturing concept and a strong customer base, making them a fantastic addition to any metal fabrication plat-form with aspirations to further penetrate the foodservice or healthcare markets.”
The client manufactures catalog and custom manufactured items, as well as refrigeration, electrical wiring, plumbing, and millwork for the Foodservice and Healthcare industries. End users include some of the fastest growing restaurant chains in the country, military installations, schools, and prominent supermarket chains. Owned and operated by a management team with over 50 years of combined experience, the company has consistently produced revenues in excess of USD 17 million over the last 4 years, with 2011 revenues in excess of USD 18 million. With projections for increased revenues in 2012, the client’s facility is capable of doubling production with minimal capital expenditures through the addition of a second shift.