Client: Board of Directors of Met-Coil Systems, Inc.
Transaction: Met-Coil’s management believed that to maximize shareholder value, its best long-term strategic option was to see an acquirer for the company. The transaction was a sale of Met-Coil Systems to Mestek Inc.
Company Description: Met-Coil designed and produced metal forming equipment. The equipment was used to produce end products for commercial and residential construction. Met-Coil also produced customized metal forming equipment.
Summary: Plaisance Advisors broadly marketed Met-Coil to both strategic and financial acquirers around the globe. After numerous management presentations and extensive negotiations, Met-Coil was sold to Mestek, a publicly traded company.