Radnor, PA, September 8, 2016 – Milestone Partners is pleased to announce that its portfolio company PPHC completed the acquisition of Fleetwood Metal Industries, Inc. on August 30th.
Fleetwood is a Windsor, Ontario-based provider of complex metal stampings, assemblies and tooling to automotive OEMs and Tier 1 suppliers. Fleetwood specializes in stamping ultra-high-strength steel components and offers other value-added services such as assembly and e-coating.
Partner David Proctor commented, “Fleetwood is a highly complementary acquisition that further diversifies our auto sector investments.”
M&T Bank led the senior debt financing in the transaction and LBC Credit Partners provided subordinated debt. Drinker Biddle provided legal representation to PPHC.
For more information about the transaction, please contact David Proctor or Brett Watson at Milestone Partners.