Frost Brown Todd (FBT) represented Technical Metals, Inc. in its sale to Manufacturing Revitalization Corporation of America (MRCA). The deal was facilitated by global M&A firm Benchmark International.
“This important transaction allows generational owners to successfully exit their business in an organized way that enabled value for all those involved and ensures these valued manufacturing jobs will continue to grow and evolve within the Fairbury community,” said FBT Partner Jason Ott.
“We and the team at Benchmark believe Technical Metals will continue to thrive under the MRCA banner and are thrilled to have been a part of this process on behalf of all involved,” added FBTs Edward Grattan.
Founded in 1970, Technical Metals is a Fairbury, Illinois-based metal-fabrication company that does business with hundreds of businesses across the globe. MRCA aggregates legacy American manufacturing companies to enable long-term business continuity, protect employees, and ensure growth. They broaden America’s manufacturing capacity by ensuring viable product makers remain in business and continue to serve their clients while exploring new growth opportunities. MRCA was founded by manufacturing veterans who believe in the power of American ingenuity.
With decades of experience successfully directing merger, acquisition and divestiture transactions, as well as joint ventures and business combinations of all sizes, FBT’s M&A team draws upon some of the region’s leading legal minds in the areas of takeovers, tax, antitrust, intellectual property, ERISA and environmental law.
Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.
“Both buyer and seller instantly knew they would be a match. All parties worked tirelessly through the diligence process with the goal of getting a deal completed. We at Benchmark wish all parties the best of luck,” added Matthew Kekelis, Managing Director, Benchmark International.
The Frost Brown Todd team included Jason Ott, Edward Grattan, Leah LaFramboise, Monica Conley, Jake Wittman, and Max Fournier. Benchmark’s team was led by Matthew Kekelis.