Gen Cap America Inc said May 31 that it has acquired Mid America Metals. Management also invested. Financial terms weren’t announced. Mid America Metals, of Ozark, Missouri, is a metal and stone refinishing and wood restoration company.
PRESS RELEASE
Gen Cap America Partners with Mid America Metals
Nashville, Tenn., May 31, 2018 – Gen Cap America, Inc. announced today that it has sponsored a buyout of Mid America Metals in partnership with management. Terms of the transaction were not disclosed.
Established in 1985, Mid America Metals, based in Ozark, Missouri, is a leading metal and stone refinishing and wood restoration company. With more than 30 years of experience, Mid America Metals provides restoration services to architectural and commercial buildings throughout the United States.
Matt Lane, Managing Director at Gen Cap America stated, “We are excited to have the opportunity to invest in Mid America Metals alongside the management team. Mid America Metals is an excellent company with an outstanding reputation and track record in the building restoration sector.”
The Mid America Metals management team will be led by Dale Donat and his son, Brandon Donat. Dale founded the business with his brother in 1985.
Dale Donat commented on the transaction: “My family has dedicated the last 30+ years to growing Mid America Metals. In addition, we have a strong team of dedicated and long-term employees who have played an important role in building the company. With the benefit of additional expertise and resources from Gen Cap, we look forward to taking Mid America Metals to the next level while continuing to provide our customers with the highest quality of refinishing and restoration services.”
Select other Gen Cap America investments in the industrial services space include Aero Systems Engineering and Newman Associates.
“Mid America Metals fits perfectly with Gen Cap’s investment model of backing management teams at companies with long histories of success,” Barney Byrd, CEO of Gen Cap, commented.
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.
About Mid America Metals
Headquartered in Ozark, MO, Mid America Metals is a one-stop provider of architectural restoration and related maintenance services for metal, stone, wood and glass surfaces. The company is an industry leader with an established footprint in attractive markets across the Midwest, Southwest, and Southeast. Mid America Metal’s revenue is derived from maintenance and renovation work, with the majority coming from contracts for regular, routine maintenance services. Since its founding in 1985, Mid America Metals has achieved its leading position by developing one of the industry’s most comprehensive architectural restoration solutions for building interiors and exteriors. For more information, visit www.midamericametals.com.
Source: https://www.pehub.com/2018/05/gen-cap-america-buys-mid-america-metals/
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