CSG Partners Advises Fabricated Metals, Inc. on Sale to ESOP

Jun 01, 2011, 09:08 ET from CSG Partners, LLC

SAN FRANCISCO, June 1, 2011 /PRNewswire/ -- CSG Partners, LLC, the boutique investment banking firm, announces that it served as financial advisor to Fabricated Metals, Inc. on its recent sale to an Employee Stock Ownership Plan (ESOP).

Fabricated Metals, Inc. is a leading provider of material handling equipment mainly to the oil refining industry. The Company offers both short term rentals and longer term leases of its FLO-BINS® and LIQUA-BIN® containers, as well as custom designed bins and other related products such as tumblers and unloading systems.  The company is headquartered in San Leandro California and operates additional offices in Pennsylvania, Louisiana, Texas and Southern California.

The CSG Partners transaction team was led by Eitan Milstein, a Managing Director in its San Francisco office. Milstein commented, "We were delighted to have worked with a leading organization like Fabricated Metals. This is just another example of the power and benefits associated with ESOPs. ESOPs are proving to be a very attractive and tax efficient liquidity alternative for business owners while allowing employees to participate in the company's future success."

"The sale of the company to the ESOP proved to be an excellent alternative for the owner, and for our present and future employees," commented Clarence "Bud" Coleman, the founder and CEO of Fabricated Metals. "The ESOP is a perfect way to reward our dedicated employees for their continued contribution, dedication, and hard work.  We are proud to be able to do this and particularly grateful to our clients over the past six decades that helped make it all possible."

Fabricated Metals Chief Financial Officer, John Capelli added, "We were very fortunate to have Eitan Milstein and the CSG Partners' team guide us through the ESOP process. Their level of expertise, professionalism and knowledge of the capital markets made this transaction possible."

Funding for the transaction was provided by the Bank of San Francisco.

About CSG Partners

CSG Partners, LLC is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. Founded in 2001, the firm has built a reputation of having the nation's preeminent ESOP investment banking practice. The firm has closed over 90 ESOP transactions for companies with an aggregate value exceeding $6 billion.  Those companies ranged in value from $10 million to $500 million. CSG Partners is headquartered in New York and has an additional office in San Francisco. More information on the firm can be found at www.csgpartners.com.