Quarton Partners Advises Quality Metalcraft in its Sale to The Watermill Group

Jul 01, 2015, 13:15 ET from Quarton Partners

BIRMINGHAM, Mich., July 1, 2015 /PRNewswire/ -- Quarton Partners is pleased to announce that The Watermill Group ("Watermill") has acquired Quality Metalcraft, Inc. ("QMC" or the "Company") from the Chetcuti family. QMC is a leading producer of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production and factory assist services to automotive and other specialty vehicle industries. Quarton Partners acted as the exclusive investment banking advisor to QMC in this transaction.

Founded in 1964 by Al Chetcuti, QMC provides a rare combination of advanced tooling, robotic flexible manufacturing lines and automated stamping, resulting in longstanding relationships with leading OEMs and Tier-1 suppliers in diverse industries. In the automotive industry, QMC has differentiated itself with a focus on prototyping and by providing low-to-medium volume production solutions for automakers' niche, derivative and limited-edition vehicles. QMC is uniquely suited to handle demanding prototyping and design challenges and is known for utilizing a wide range of technologies to ensure consistency from product to product even at prototype volumes. These innovative assets position QMC as one of the few suppliers capable of delivering full body-in-white prototypes used in crash testing and other safety and design evaluation programs.

"We had a number of choices when looking for the right team to bring QMC to market," stated Kurt Saldana, CEO of QMC. "We selected Quarton based on their experience and reputation.  You never realize what it takes to sell a company until you actually go through the process. The Quarton team consistently provided us with sound advice and resources that resulted in a successful outcome.  Everyone at QMC would like to thank the Quarton team for their dedication and management of a robust sale process."

"We have been impressed with QMC's ability to deliver its products quickly and with exceptional service levels, without compromising quality or precision. Our vision is to help QMC strategically expand these capabilities to enable their customers to bring better designed, higher quality and safer vehicles to market," stated Steven E. Karol, Managing Partner and Founder of The Watermill Group. "We are looking forward to bringing Watermill's strategy-driven approach to QMC to help them realize their full potential."

Quality Metalcraft (www.qualitymetalcraft.com), headquartered in Livonia, Michigan, is a leading producer of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production and factory assist services to automotive and other specialty vehicle industries. As a go-to source for the world's major manufacturers when quick, quality solutions are needed, QMC offers a range of capabilities, technologies and services to provide the optimal production process for any project.

The Watermill Group (www.watermill.com), headquartered in Lexington, Massachusetts, is a strategy-driven private investment firm that revitalizes companies to reach their full potential. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

ABOUT QUARTON PARTNERS

Quarton Partners (www.quartonpartners.com), headquartered in Birmingham, Michigan, is a premier middle market investment banking firm, serving private equity firms, privately held and publicly traded companies. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a variety of industries across the U.S. and throughout the world.

All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton Partners, LLC.

SOURCE Quarton Partners



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