LONG BEACH, CA, September 20, 2017 /24-7PressRelease/ — Triumph Group, Inc. (NYSE:TGI) and All Metals Processing of Orange County (“All Metals Processing”) announced today the sale of Triumph Processing – Embee Division, Inc. to All Metals Processing, a portfolio company of Watson Family Investments LLC. The Embee Division generated revenues of approximately $42 million in Triumph Group’s fiscal year ended March 31, 2017. The new company will operate as Embee Processing. KAL Capital Markets LLC (“KAL Capital”) provided advisory services to Watson Family Investments to support the acquisition of Embee Processing.
“KAL Capital is the most experienced advisor to the aerospace metal finishing industry,” said Derek Watson, a founder of Watson Family Investments. “The KAL Capital team was instrumental in helping us refine our growth strategy and execute this important transaction.”
“Doing our part to make sure All Metals and Watson Family Investments were successful in their acquisition of Embee was critically important to us,” said Trevor Bohn and Ryan Murphy, founders of KAL Capital. We’re very proud that this marks KAL Capital team’s eighth closed metal finishing acquisition transaction which now collectively include facilities in over thirteen locations throughout the US, Canada and Mexico.”
ABOUT TRIUMPH PROCESSING – EMBEE DIVISION:
Embee Processing is one of the nation’s leading aerospace metal finishing companies providing a broad menu of non-destructive testing and specialty coating services. Embee Processing provides more than 70 metal finishing, inspection and testing processes, including chrome, nickel and cadmium plating, high-velocity oxy-fuel (HVOF), IVD/Vac Cad, anodize/hard anodize, and paint and grinding services. The business is located in Santa Ana, California, and provides services to a variety of aerospace and defense customers across the United States.
ABOUT ALL METALS PROCESSING:
All Metals Processing of Orange County, located in Stanton, California, provides non-destructive testing, anodizing, plating, paint and coatings, and additional metal finishing services to the aerospace and defense sectors. More information about All Metals Processing of Orange County can be found on the company’s website at www.allmetalsprocessing.com.
ABOUT KAL CAPITAL MARKETS:
KAL Capital Markets is a boutique investment banking company that advises middle market clients on mergers, acquisitions, and accessing the capital markets. The firm’s professionals have an exceptional track record, rooted in deep relationships and experience in several industry verticals, with a focus on companies in the Aerospace & Defense and Industrial Growth sectors. For additional information, please visit KAL Capital’s website at www.kalcapitalmarkets.com.
CONTACT:
www.kalcapitalmarkets.com
Trevor Bohn
Partner
Tel: 562-269-4610
Email: trevor@kalcap.com
Ryan Murphy
Partner
Tel: 562-269-4611
Email: ryan@kalcap.com
Investment Banking Services and Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. KAL Capital is not affiliated with Independent Investment Bankers Corp.