DMCA Assists in Sale of Economy Metal Works
HOUSTON – August 2014 – The Houston M&A advisors at Doeren Mayhew Capital Advisors, a middle-market investment banking firm, recently assisted Economy Metal Works in selling its assets to Fortitude Specialty Manufacturing.
Economy Metal Works is a custom metal fabricator serving the oil and gas industry in Houston since 1931. Serving as exclusive financial advisor, Doeren Mayhew Capital Advisors guided the client through all aspects of the transaction, which culminated in an earnout agreement between the two sellers and the new buyer.
“This acquisition provides an avenue for Fortitude Specialty Manufacturing to expand into a value-added manufacturing niche within the energy sector,” said Steven Silverman, a Houston managing director at Doeren Mayhew Capital Advisors. “With the vice president of sales instrumental in the company’s recent success remaining on board post-sale, this was a perfect example of connecting buyer needs and seller wants for a winning transaction.”