Resilience Capital Partners has acquired Porter’s Group, a provider of metal fabrication services to the security, military, mining, heavy equipment and trucking industries.
Porter’s Group (DBA Porter’s Fabrications) manufactures fabricated metal parts. Products include grill faces, control panels, heavy equipment doors and brackets, ATM vaults and cash dispensers, and a wide variety of other fabricated metal parts. The company has approximately 470 employees and is headquartered in Bessemer City, NC with four production facilities in North Carolina, South Carolina and Virginia (www.portersfab.com).
“We are look forward to working with the management team of Porter’s to continue evolving the business into a world class leader in metal fabrication solutions,” said Bassem Mansour, Co-CEO of Resilience.
Porter’s Group was sold to Resilience by Charles Saleh, Porter’s CEO and majority shareholder. “It has been a pleasure working with the whole Resilience team over the past several months. They clearly differentiated themselves with their understanding of the business. I feel they have the necessary resources to take Porter’s to a new level of excellence,” said Mr. Saleh.
Resilience specializes in investing in middle market companies with $25 million to $250 million in revenues across a range of industries. Since its founding in 2001, Resilience has acquired 48 companies under 26 platforms with over $2 billion in revenues. The firm is based in Cleveland (www.resiliencecapital.com).
“With its wide range of capabilities, Porter’s differentiates itself from its competitors and is uniquely positioned for future growth alongside our blue-chip customer base,” said Ki Mixon, a Partner at Resilience.
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-1-15
