P&M Corporate Finance, LLC (“PMCF”) served as financial advisor to The Partner Companies, LLC (“TPC”) in its acquisition of UPG Company, LLC (“UPG”), an affiliate of Turnspire Capital Partners.
TPC is a leading manufacturer of high-precision, complex components and assemblies across a diverse range of both materials and capabilities. Fotofab in Chicago, IL was TPC’s original company, providing a heritage in photochemical machining producing fine-featured parts made from common engineering alloys. TPC has since expanded its photochemical etching capabilities to include all metals and chemistries while adding capabilities such as electroforming, machining, forming, assembly, precision sheet metal fabrication, and numerous secondary operations. TPC provides engineered solutions with emphasis on the defense, medical, aerospace, energy, and technology end-markets.
UPG is a leading designer, manufacturer and assembler of highly engineered, mission-critical components for data center, healthcare, energy and diversified industrial end-markets. Headquartered in Houston, Texas, UPG operates manufacturing facilities in Wales, United Kingdom and Suzhou, China, enabling it to serve customer needs on both a local and global basis.
Dan Brumlik, TPC’s Founder and Co-Chairman, remarked, “Adding UPG’s team and capabilities under the TPC umbrella was a natural combination. We operate from essentially the same playbook – serving our customers as partners with highly-engineered, value-added solutions that keep us all at the forefront of the industries we serve.” Scott Bekemeyer, TPC’s Founder and Co-Chairman, added, “The alignment between our values and strategies is remarkable. We believe TPC and UPG together are a force multiplier for our customers, employees, and other stakeholders.”
The transaction closed in October 2022. Chapman and Cutler LLP served as legal advisor to UPG, and Duane Morris served as legal advisor to TPC.About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged, senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on manufacturing, distribution, transportation & logistics, plastics & packaging, business services, software & technology, healthcare, and consumer & retail industries.
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