AOC MetalWorks, a portfolio company of Amzak Capital Management, has acquired StampTech, a metal fabrication and stamping company.
AOC MetalWorks is a full-service engineering and manufacturing company of custom metal fabricated parts and stamping. AOC specializes in the design, development, testing, program management, and production of custom industrial packaging and material handling, and stamping of light and heavy aluminum, stainless steel, and steel parts. The company, led by its president Thomas Collins, is headquartered southwest of Nashville in Lawrenceburg, TN (www.aocmetalworks.com).
StampTech is headquartered in Chester, VA (south of Richmond) and has three locations in Virginia and one in Georgia with an additional warehouse facility in Oklahoma. The combination of AOC and StampTech forms a metal stamping and fabrication operating platform with five manufacturing facilities across the southeastern US with annual revenues in excess of $80 million.
“This announcement marks the next significant milestone for both companies,” said Joe Vidmar, an Operating Partner at Amzak and interim CEO of the newly combined company. “Amzak is committed to driving growth at both companies through continued capital investment and additional resources. This commitment will not only drive bottom-line growth but will also provide our employees with more opportunities as we further develop the organization and strive to improve our operational excellence.”
Amzak Capital Management is a private investment firm owned by the Kazma family. The firm makes control and non-control equity investments of $10 million to $50 million in companies with $40 million to $200 million in sales and $4 million to $25 million in EBITDA. Amzak also invests in fixed income securities and real estate. The firm, led by Gerry Kazma and Michael Kazma, is headquartered in Boca Raton, FL (www.amzak.com).
The buy of StampTech is Amzak’s second investment in the metal stamping and fabrication industry and the firm is actively searching for additional investments within the space.
“The combination of AOC and StampTech provides us with the opportunity to diversify our revenue and provide a better overall product to our customers. With this addition, there is little we cannot do from a metal manufacturing standpoint and few areas we cannot reach within the Southeast,” said Alan Pettigrew, a StampTech shareholder and Vice President of New Customer Sales.
Fifth Third Bank provided the debt financing for this transaction and Dominion Partners (www.dominionpartners.com) was StampTech’s sell-side advisor.
© 2018 Private Equity Professional | January 18, 2018
