Bundy Group Advises Metal Tech in a Sale to Keswick Capital

October 19, 2023

Bundy Group, an industry-focused investment bank, is pleased to announce that it has successfully advised Metal Tech of Murfreesboro (“Metal Tech”), a custom metal fabrication facility that provides equipment maintenance and repair services to various manufacturing industries, in a sale to Keswick Partners, a private equity firm that specializes in majority and minority equity investments in niche manufacturing, specialty services, and value-added distribution companies across the United States. The transaction, which closed in August of this year, highlights Bundy Group’s quality advisory work and closed deal experience in the industrial and equipment repair services sectors.

Metal Tech was founded over 38 years ago in Murfreesboro, North Carolina, and operated as a privately held, family-owned company that supported clients through full in-shop and field service divisions, with an emphasis on safety and overall product quality. Today, Metal Tech’s services extend to a diverse set of markets, including pulp and paper, steel, chemicals, signing, food and beverage, infrastructure, and more.

“Metal Tech is a leader in the industrial maintenance and repair services sectors, and the company’s impressive growth and blue-chip client base are key reasons for the strong buyer interest we had in this company,” said Clint Bundy, Managing Director with Bundy Group. “We appreciated the opportunity to represent the Felton family and the company in the sale process, and we are excited to see what the future holds for Metal Tech under new ownership.”

The Bundy Group client engagement team included Clint Bundy, Jim Mullens, Stewart Carlin, Jordan Frickle and Megan Hagemann.

"After speaking with some buyers on our own, we decided to hire Bundy Group as our investment banking advisor. Our reasons for selecting Bundy Group were because of its industry experience and reputation for delivering strong outcomes for its clients,” said Brock Felton, Shareholder and Executive with Metal Tech. “We were very pleased with the Bundy Group process, their attention to our needs, and the outcome. Keswick Partners is a strong fit for our organization, and the value that Bundy Group delivered was far above my original expectations.” 

This transaction underscores Bundy Group’s continued success and significant industry experience to provide quality advice to clients, deliver strategic buyers and financial sponsor options through competitive processes, and drive overall client value in the business services and industrial sectors. The investment bank has previously advised such clients as Avanceon, Catawba Research, Custom Controls Unlimited, Dorsett Controls, Industrial Electric Machinery, MR Systems, among others. For more information about Bundy Group’s industry expertise and recent transactions, visit bundygroup.com.

About Bundy Group

Established in 1989, Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and skill to provide hands-on guidance to clients through every phase of the business transaction. Bundy Group has been a trusted partner in more than 250 closed deals over the past 33 years, providing high quality options, actionable insights, and delivery of optimal strategic fit at a premium value for our clients.

Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. More information on the background of Bundy Group Securities, LLC is available at FINRA's BrokerCheck.

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