Bridgepoint Advises Metlcast Industries on Foundry Acquisition

Lincoln, NE – Bridgepoint Merchant Banking announced that it advised Lincoln-based Metlcast Industries, LLC on its acquisition of Metlcast Products, Inc., which operates as an iron foundry located in Salina, Kansas. Terms of the transaction were not disclosed. Bridgepoint served as the sole buy-side M&A advisor and sole financing advisor to Metlcast Industries.

Metlcast Products, Inc. is a fully-equipped independent foundry that focuses on contractual casting for a range of customers and end markets. The company manufactures a variety of finished and semi-finished products composed of gray cast iron, ductile iron and Ni-hard/abrasion resistant alloys. Operating in the same location since 1984, Metlcast has a reputation for exceptional quality, with a focus on higher margin, differentiated projects from demanding sectors of the casting industry.

Metlcast Industries, LLC is wholly owned by Chris Stokes, a well-known businessman and entrepreneur based in Lincoln, Nebraska. Stokes currently holds the rank of Lieutenant Colonel in the US Air Force and also owns Sierra Holdings, LLC, a real estate holding company in Nebraska. He also previously owned OMALiNK, Inc., a company providing ground transportation and shuttle services in Omaha and Lincoln.

“With the help of Bridgepoint Merchant Banking, I was able to purchase the company with very favorable terms in only four months,” stated Stokes. “Bridgepoint’s work ethic, strong Midwestern values, and Wall Street savvy were the perfect combination of qualities to complete a sizeable deal…The Bridgepoint team’s professionalism went far beyond my expectations.”

Matt Plooster, Managing Principal of Bridgepoint, said “We structured a strong deal for Chris and Metlcast, with attractive financing terms. Our team specializes in the type of process and planning that it takes to successfully buy or sell a company in the Midwest. By working with experienced and diligent advisors, you can be confident in the process and the outcome.”

About Bridgepoint
Bridgepoint Merchant Banking, a division of Bridgepoint Holdings, LLC, is a lower and middle market investment banking and private equity firm. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, serves clients through the corporate lifecycle by providing merger and acquisition and corporate finance advisory services. Bridgepoint Merchant Banking also invests capital directly into companies through its private equity and venture capital funds.

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