Aluminum Alloys, Inc. acquired by Canerector, Inc.
New York, NY (October 15, 2012) – BCMS Corporate is pleased to announce the acquisition of Aluminum Alloys, Inc., a manufacturer of aluminum sand castings for industrial OEMs, by Canerector, Inc. The transaction was led by Brian Mihelic and supported by Kyle Wilson from BCMS’s New York Office. BCMS Corporate served as the exclusive advisor to Aluminum Alloys, Inc.
“The transaction helped our client to transition into retirement, freeing up time to pursue other interests. It also provided Canerector with another profitable and niche business to add to their growing portfolio of foundries and metal fabrication companies,” mentioned Brian Mihelic, BCMS Deal Leader.
Aluminum Alloys, based in Sinking Spring, PA, manufactures castings from a 140,000 square foot facility using a range of processes to serve clients across multiple industries. Castings produced range from one pound to over 2,000 pounds. Aluminum Alloys is the largest foundry of its type on the East Coast with its own machine shop, providing in-house machining and finishing capability to furnish parts complete to print. Bill Rita, Owner of Aluminum Alloys, Inc. states, “Thank you and all the others at BCMS that worked to make this happen.”
BCMS Corporate is a leading, independent lower-middle market advisor with over 20 years of excellence serving clients worldwide. It is focused exclusively on the lower-middle market, advising clients on sell-side transactions, acquisitions, and private placements of debt and equity. The firm’s unique understanding of private company owners’ objectives and issues facing private companies during the transaction process has enabled BCMS to successfully execute over 400 transactions across a diverse group of sectors. BCMS currently employs over 200 professionals with offices in North America (New York, Dallas / Fort Worth, Los Angeles and Calgary), Africa, Europe and Asia.
About Aluminum Alloys, Inc.
Founded in 1952, Aluminum Alloys has been a trusted provider of aluminum castings to major industrial customers in the East Coast U.S. and beyond for six decades. Throughout its history, the Company has effectively navigated trends in the global market for castings and has differentiated itself by focusing on large and highly complex castings which few other players can manufacture. Today, Aluminum Alloys is strongly positioned to capitalize on untapped potential to increase penetration in its core markets. For more information, visit the Aluminum Alloys website at www.aluminumalloysinc.com.
About Canerector, Inc.
Canerector is a multi-divisional company focused on metal fabrication and erection. It is privately owned by the Hawkins family, with corporate offices based in Toronto, Ontario. Canerector’s extensive portfolio of companies operate across North America and employ over 2,000 people. For more information, visit the Canerector website at www.canerector.com.