Southfield, Michigan – January 28, 2015 – P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Metaltec Steel Abrasive Co. (“Metaltec”) of Canton, Michigan, in forming a financial partnership with Corinthian Capital Group, LLC (“Corinthian”), a New York-based, small and middle market private financial group. Metaltec is a leading manufacturer of cast steel abrasive materials, including steel shot and grit, which are used in blast cleaning, surface profiling, and renovating applications in foundries, metal preparation operations, and infrastructure maintenance across North and South America. In its 30+ year history, the company has grown to become an industry leader, and it is uniquely positioned in the North and South American markets with the most durable, most efficiently produced, and highest quality steel shot and grit products available.
Corinthian focuses on partnering with excellent management teams at companies, which are niche market leaders in the manufacturing, distribution, service, and consumer products segments. Using a people-driven, collaborative approach and leveraging the experience of its principals and operating partners, Corinthian specializes in working with entrepreneurs and management teams to execute a shared vision for future growth. Corinthian is based in New York, and it has additional offices in Chicago and Boston.
"Metaltec is poised to realize significant growth, and our partnership with Corinthian provides us with the resources to make that happen” said Bruce Keener, Metaltec's President and shareholder. “The Corinthian team has been great to work with, and we look forward to a successful future together.”
PMCF was hired by Metaltec's shareholders to serve as their investment banker and lead the process of securing a financial partner. Gary Stevers, a Metaltec shareholder noted, "We hired PMCF because of its focus and track record executing middle market industrial transactions. They did a great job finding an excellent company for Metaltec to partner with.”
PMCF is a middle market investment bank providing global merger and acquisition advisory services to private, public, and private equity owned companies. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the plastics and packaging, medical technology, industrials, and business and technology services industries. PMCF has offices in Chicago and Detroit and around the globe via its Corporate Finance International associates. For more information, visit www.pmcf.com.