Montage Partners, a Scottsdale, AZ-based private equity firm, has acquired Advanced Manufacturing and Development, Inc., dba METALfx, from a subsidiary of Avista Corporation. METALfx's existing management team will continue to lead the company and will own a meaningful equity stake in the business.
Founded in 1976 and headquartered in Willits, CA, METALfx is a provider of precision sheet metal fabrications, enclosures, assemblies and complex wood composite components across a variety of industries, including technology, healthcare, industrial and others. "The company is strategically focused on serving customers who require quick turnaround times, prototype collaboration, engineering support and rigorous product standards, and whose parts are highly engineered, complex and subject to high precision and tight tolerances," said a company spokesperson.
"METALfx is a value-add, long-term partner to some of the most innovative companies across the U.S.," said Rob Wolfman, co-Managing Partner at Montage Partners. "We are thrilled to be partnering with Henry Moss, Gordon Short and the long-standing management team at METALfx, and to be supporting the company as it makes additional investments in people, technology and equipment to better serve its customers. We realized early in our relationship with METALfx that the company is hyper-focused on exceeding customer expectations through its 'engineering-first' approach and focus on people. These values align well with our cultural ethos."
"We are delighted to be working with Montage Partners to reach our next phase of growth as an independent company," said Henry Moss, President and shareholder of METALfx. "With Montage Partners' support and guidance, we look forward to delivering more value to our customers through enhanced capabilities and engineering-driven solutions."
Gordon Short, who has served as President of METALfx for the past 19 years, will remain a shareholder and member of the board of directors going forward. Short commented, "We appreciate the support of Avista Corporation over the last 24 years. We are proud of our achievements during that time and have no doubt that the company is more well-positioned than ever to continue its success for many years to come."
For more information contact:
Montage Partners, Inc.
7150 East Camelback Road, Suite 230
Scottsdale, AZ 85251
480-675-5000
www.montagepartners.com
METALfx
200 N Lenore Ave.
Willits, CA 95490
707-459-9451
www.metalfx.com