GCG Advises on the Sale of Alpha Metalcraft Group to Industrial Growth Partners
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GCG Advises on the Sale of Alpha Metalcraft Group to Industrial Growth Partners
Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive investment banker to Alpha Metalcraft Group (“AMG” or the “Company”), a manufacturer of high-precision, highly-engineered formed metal components and assemblies for the aerospace & defense, medical, and industrial end markets, on its sale to Industrial Growth Partners (“IGP”). This transaction adds to GCG’s extensive experience in aerospace and defense and industrial end markets.
About AMG
Headquartered in Danbury, CT, with additional locations in Bethel, CT and Commack, NY, AMG has a history dating back more than 100 years. Leveraging advanced technical capabilities and unique forming processes, AMG’s parts and assemblies are formed to tight tolerances, complex shapes, and exacting quality standards. The Company’s products are critical components of premier, multi-year platforms across the commercial aerospace, rotorcraft, military aircraft, and space end markets. For more information about AMG, please visit www.alphametalcraft.com.
About the Transaction
On July 29, 2024, Industrial Growth Partners VI, L.P., in partnership with management and certain outside investors, acquired AMG, marking the fifth platform investment for IGP’s sixth fund. The transaction creates a platform for AMG to accelerate its growth by aggressively pursuing its key strategic initiatives, including strategic add-on acquisitions. AMG is an ideal fit with IGP’s strategy of investing in niche industrial companies with leading market positions, significant growth opportunities and outstanding management teams.
“IGP’s track record of building and scaling A&D-focused, specialty metal forming companies made them a perfect partner for AMG,” commented AMG CEO Alec Searle, noting further, “their growth-oriented philosophy, deep A&D experience, and commitment to supporting management teams stood out as a true differentiator and made IGP our partner of choice.”
About GCG’s Role
GCG acted as the exclusive investment banker to AMG in its sale to IGP. “It was our privilege to advise AMG on this transaction. Our focus was to find the best long-term partner for the Company, and we look forward to seeing continued growth as part of IGP in the future,” said Peter Frankfort, Managing Director of GCG.
About IGP
Founded in 1997, IGP is a San Francisco-based specialist private investment partnership investing exclusively in middle-market companies in the industrial sector in partnership with management teams. For more information, please visit www.igpequity.com.
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