By Generational EquityMar 8, 2021, 08:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Patriot Foundry & Castings, to Ermak Foundry and Machining. The acquisition closed February 5, 2021.
Patriot Foundry & Castings (Patriot), located in Franklin, New Hampshire, is a foundry specializing in nonferrous sand castings of bronze, aluminum, and zinc-based alloys. Patriot’s revenue mix consists of non-ferrous metal sand castings and dock hardware.
The company was established in 1986. With a 32-year operating history, solid market expertise, an outstanding reputation, experienced employees, and strong client relationships, Patriot is well-positioned for continued growth.
Located in Chaska, Minnesota, Ermak Foundry and Machining (Ermak) is the Mid-West’s best one-stop-shop for aluminum sand casting, machining and permanent mold production.
The Company provides everything from prototypes to one-off custom products to large production runs. The Company specializes in permanent mold (also known as gravity-fed die cast), green sand, and air set (also known as no-bake) castings as well as many value-added services such as finishing, machining, and heat-treating.
Ermak is a one-stop-shop for finished, precision cast aluminum parts. Their production runs range from one to tens of thousands and from ounces to hundreds of pounds, always at a high tolerance for original equipment manufacturers in the following broad categories: industrial, recreational, construction, utility, and agricultural companies throughout the world.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Jeff Carignan, with the support of Vice President, Mergers & Acquisitions, Corey Painter, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Patriot.
“The new ownership of Patriot is a great fit. Ermak has the management and operational expertise to take this company to the next level. It was a pleasure to lead this M&A transaction,” said Carignan.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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