Client: The management of Amcast Industrial Corporation
Transaction: Sale of Amcast’s investment casting operation (Amcast Precision) to Citation Corporation.
Company Description: Amcast Precision produces investment cast, high-alloy components used in aerospace applications.
Transaction Summary: A managing director of Plaisance Advisors led a thorough marketing of Amcast Precision to strategic and financial acquirers located throughout the United States and globally. The sale process resulted in multiple, competitive bids for Amcast Precision and enabled Amcast Industrial to select a bidder that offered a competitive price, attractive terms and the ability to close quickly without a financing contingency.