Alantra advised Taglich Private Equity on sale of Defiance Metal Products, Co.
Alantra is pleased to announce that its client Taglich Private Equity, a New York-based financial sponsor, has sold Defiance Metal Products, Co. (“DMP”) to Mayville Engineering Company, Inc. (“MEC”). The transaction closed on December 14, 2018 and financial terms of the deal were not disclosed. Based in Defiance, Ohio, with additional facilities in Pennsylvania and Arkansas, DMP is a leading manufacturer of medium volume, highly engineered metal parts and assemblies serving blue chip customers within the heavy and medium duty truck, bus, aerial lift, off-highway and military end markets. DMP offers a complete set of stamping and fabrication capabilities, including engineering, cutting, stamping, forming, welding, coating and assembly that enables the production of high quality, tight tolerance metal coated products. Key products include structural and aerodynamic components for truck chassis, baskets/structural components for aerial work platforms, and suspension components for military vehicles.
“We are very excited about this acquisition and what it means for our employees and our customers,” said Steve Mance, President of DMP, in a company statement. “MEC is clearly a strategic long-term investor that is excited about growing the combined company. This acquisition strengthens our joint future and enhances our ability to compete for the long-term.” Alantra’s Boston-based deal team included Mr. Wade Aust (Managing Partner), Chris Donegan (Managing Director), Jon Tetirick (Vice President) and Justin Lee (Analyst). “We are pleased that Taglich acknowledged Alantra’s experience and track record in the vehicle components market when entrusting us with this mandate,” said Wade Aust. “Our sector expertise allowed us to position DMP correctly and ultimately find the perfect strategic partner. I look forward to tracking the long-term successes of the newly integrated company,” he concluded