Anchor Partners has acquired Quality Industries, a provider of metal fabricated products and services.
Quality Industries products and services include both high-volume, repetitive processes and short-run, pre-production prototype fabrication. Customers of the company are active in the heavy-duty truck and transportation (class 7 and 8 vehicles), recovery & specialty vehicle, and industrial electrical markets.
The company has more than 300,000 square feet of facilities which incorporate its punching, cutting, welding, forming, bending and stamping systems, and finishing, powder-coating and custom-assembly capabilities. Quality Industries, led by CEO Gary Carter, was founded in 1973 and is headquartered near Nashville in La Vergne, TN with an additional facility near Dallas in Denton, TX (www.qualityindustries.com).
Anchor Partners is a family office with a specialization in manufacturing and metal fabrication. The firm invests in founder-owned and family-led businesses that have revenues of at least $10 million and are in the Midwest or the Southeastern United States. Anchor Partners is based in Southlake, TX and is led by Tra Willbanks, Brendon Graft, and Greg Frye (www.anchor-investments.com).
“The acquisition of Quality Industries further expands our manufacturing footprint and capabilities,” said Tra Willbanks, CEO of Anchor. “We are very excited about the combination of our business with Quality Industries.”
Anchor Partners is affiliated with Anchor Fabrication, a multi-service contract metal fabrication company and one of the largest of its kind in the United States. The company has more than one million square feet of manufacturing space across six facilities in Texas and Mississippi. Industries serviced include material handling, oil and gas, construction, railroad and defense, among others. Services offered include engineering, laser cutting, plasma cutting, welding, forming, machining, coating and assembly. The company, currently headed by Greg Frye, is headquartered in Fort Worth, TX (www.anchorfabrication.com).
Investment bank Angle Advisors was the exclusive financial advisor to Quality Industries in this transaction. Angle specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The Birmingham, MI-based firm has completed 203 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients (www.angleadvisors.com).
© 2019 Private Equity Professional | March 11, 2019