Rally Capital Advisors, a middle market financial and transaction advisory firm, sold substantially all of the assets of Arlington Plating Company (APC) to Garth Davies, owner of Midwest Rustproofing and Enameled Steel.
APC is an independent electroplating shop and has been named among the top 50 companies in its sector in the United States for three of the last five years. APC’s production lines consist of automated anodizing, nickel chrome (automated and manual), electroless nickel, semi-auto and manual buffing. APC sells end-user parts to customers in the U.S., Italy, China, Canada and Mexico.
“We are honored to have acquired such a well-known organization within our industry,” Davies said. “This was a strategic acquisition for our continued expansion. We have hit the ground running with the very experienced senior management team led by Rich Macary, CEO, Ted Dobbels, CFO, and Brian Isola, director of sales and marketing.”
“Our team is thrilled to be working with Mr. Davies,” Macary, CEO of APC, said. “Garth brings extensive operating experience and energy to APC.
“Rally’s team, including Howard, Dan and Bobby, were true professionals in helping us navigate a very challenging situation. They ran a great process and kept our team engaged and informed every step of the way. Their deep experience and tireless work ethic led to a very successful outcome.”
This is the third deal closed by Rally Capital Advisors since the COVID-19 pandemic began.
“We have demonstrated time and again how our team can adapt to the environment, be creative and remain flexible to keep the process on track, in spite of the inability to conduct typical meetings and diligence sessions due to travel and other coronavirus-related restrictions,” Howard Samuels, founding partner of Rally Capital Advisors, said. “I thought I have seen just about everything, but this transaction was pretty unique. We were delighted to collaborate with Harold Israel and his team at Levenfeld Pearlstein, who represented the seller Jonathan Carlson and his team at Clingen Callow & McLean, who represented the buyer, and Gene Kraus, who represented the lender on the transaction. This was a dream team of professionals.”
“This transaction demonstrates Rally’s capabilities, despite facing the most unique circumstances, in persevering through the external elements and developing creative marketing strategies to identify buyers for our clients’ businesses,” Robert Goldstein, partner at Rally Capital Advisors, said. “We are excited to see Arlington Plating Company’s legacy in the capable hands of such a reputable firm and we look forward to their continued success.”