September 2023: Origin Merchant Partners Advises Extruded Aluminum Corporation on its sale to Metra S.p.A.

September 2023: Origin Merchant Partners Advises Extruded Aluminum Corporation on its sale to Metra S.p.A.

By ext_origin

All Transactions, Mergers & Acquisitions

October 23, 2023

Origin Merchant Partners (“Origin”) is pleased to announce that it served as the exclusive investment banking advisor to Extruded Aluminum Corporation (“EAC”) on its sale to Metra S.p.A. (“Metra”), a portfolio company of KPS Capital Partners, LP (“KPS”).

EAC is a U.S. manufacturer of custom extruded aluminum profiles and related value-added fabrication, assembly and finishing services. EAC provides a variety of custom extruded aluminum profiles to diverse end-markets including solar, transportation, military, material handling, residential and commercial construction and marine applications.  EAC has approximately 170 employees across two facilities located in Belding and Kentwood, MI.

Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly.  Metra offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America.  Headquartered in Rodengo Saiano, Italy, Metra employs approximately 1,250 employees globally and operates eight strategically located manufacturing facilities across Italy, Canada and the United States.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $11.9 billion of assets under management (as of June 30, 2023).  For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.  KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies generate aggregate annual revenues of approximately $20.8 billion, operate 224 manufacturing facilities in 26 countries, and have approximately 50,000 employees, directly and through joint ventures worldwide (as of June 30, 2023).

Origin Senior Leads: Nick NewlinAdam Smith.