FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful sale of its client, Advanced Manufacturing and Development, Inc. (dba METALfx), previously owned by Avista Corporation, to Montage Partners. Meridian Capital served as the exclusive financial advisor to Avista Corporation and METALfx.
Founded in 1976 and headquartered in Willits, California, METALfx is a leading 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 that demand 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.
ABOUT MONTAGE PARTNERS
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million.
“Meridian Capital achieved the best result for all stakeholders in the transaction – not only did they find a partner that met all shareholders’ objectives but was also well aligned with the culture and vision of the Management team. Meridian Capital was highly committed from the start to finish and was instrumental in helping us reach an outcome.”
Gordon Short, Former President & CEO
“This transaction demonstrates Meridian’s expertise navigating the complex regulatory and shareholder dynamics associated with corporate divestitures. Meridian is proud to have represented both METALfx and Avista and believe Montage will be a great partner. The transaction demonstrates Meridian’s continued momentum in the diversified industrials sector.”
Brian Murphy, President & Managing Director