Shaner Capital Buys Metal Foundations

Shaner Capital has acquired Pittsburgh-based Metal Foundations, a company specializing in the design, engineering and installation of metal foundations for building. Terms of the deal were not released.

PRESS RELEASE
Shaner Capital, LP announced the acquisition of Metal Foundations, a Pittsburgh based company specializing in the design, engineering and installation of metal foundations, a patented alternative to concrete foundations.

Metal Foundations has been providing a cost effective and profit generating alternative to the traditional concrete foundation for over 20 years with its most notable project being a $100 million initiative in Securing the Southwest Border for the Department of Homeland Security. Metal Foundations is uniquely positioned to serve the alternative energy (solar and wind), border fence, power distribution, civil project, airport, highway and road markets.

According to the Chief Operating Officer of Shaner Capital and CEO of Metal Foundations, LLC, Geoffrey Feidelberg, “Metal Foundations is a unique and specialized patented product that has a history of success, profitability, and is poised for immediate growth. Our extensive patent portfolio and other intellectual property provide us with unique capabilities to pursue our chosen markets.”

Shaner Capital LP is a private investment fund formed by Lance T. Shaner, CEO of the Shaner Group. The objective of Shaner Capital is to assist well run, innovative companies to grow and expand their businesses. Shaner Capital holds controlling interests in numerous operating companies.

Shaner Capital and the Shaner Family of Companies are comprised of diverse and financially strong organizations with over 2,500 associates globally.

For more information: www.shanercorp.com

Metal Foundations, LLC is a wholly owned subsidiary of Shaner Capital, LP and is based in Pittsburgh, PA. It provides a safe, fast, efficient and effective alternative to a concrete foundation utilizing a patented design and installation procedure that allows the installation of foundation and structure to occur within the same day.