Anchor Partners has acquired La Vergne, Tennessee-based Quality Industries, a provider of metal fabricated products and services. No financial terms were disclosed. Angle Advisors provided banking advice to Quality Industries on the deal.
Birmingham, Michigan – March 7, 2019 – Angle Advisors is pleased to announce that Anchor Partners (“Anchor”) has acquired Quality Industries, Inc. (“Quality Industries” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Quality Industries in completing this transaction.
Based in La Vergne, Tennessee, Quality Industries is a leading provider of metal fabricated products and services serving both high-volume, repetitive processes and short-run, pre-production prototype fabrication.
The Company provides custom fabrication and engineering services including design for manufacturability and assembly to customers in the heavy duty truck and transportation, recovery & specialty vehicle, and industrial electrical markets. Over the course of its 45 year history, Quality Industries has developed core competencies in every aspect of fabrication, offering customers tremendous flexibility to meet their manufacturing needs.
Gary Carter, President of Quality Industries, commented, “Anchor is truly a great partner for Quality Industries. Our growth has been strong and we look forward to serving our current and future customers in new ways under the Anchor umbrella. We could not be more excited about this combination and what it means to our employees.” He continued, “We would like to thank the team at Angle Advisors. Greg and his team were true to their word when they said that they would do everything they can to support the management team. Their knowledge, expertise, and professionalism were critical to sale process.”
“The acquisition of Quality Industries further expands our manufacturing footprint and capabilities,” said Tra Willbanks, Chief Executive Officer of Anchor. “We are very excited about the combination of our business with Quality Industries. The Angle team did a great job of finding a home for Quality Industries and its employees.”
Anchor Partners is a family office with a specialization in manufacturing and metal fabrication. We seek manufacturing organizations with a proven performance record and a positive, growth-oriented culture. Every major city in America requires manufacturing. The industry is becoming more dynamic as technology and the work force continue to evolve to meet contemporary standards. We look for companies willing to learn and grow with their customers and have a manufacturing infrastructure that complements our existing portfolio from both a capability and geography perspective. For more information, please visit www.anchor-investments.com.
About Angle Advisors
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm’s professionals have completed 203 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.