We are pleased to announce the sale of our client, Patriot Foundry & Castings to Ermak Foundry and Machining. The acquisition closed February 5, 2021.
Patriot Foundry & Castings (Patriot), located in Franklin, New Hampshire, is a foundry specializing in nonferrous sand castings of bronze, aluminum, and zinc-based alloys. Patriot’s revenue mix consists of non-ferrous metal sand castings and dock hardware.
The company was established in 1986. With a 32-year operating history, solid market expertise, an outstanding reputation, experienced employees, and strong client relationships, Patriot is well-positioned for continued growth.
Located in Chaska, Minnesota, Ermak Foundry and Machining (Ermak) is the Mid-West’s best one-stop-shop for aluminum sand casting, machining and permanent mold production.
The Company provides everything from prototypes to one-off custom products to large production runs. The Company specializes in permanent mold (also known as gravity-fed die cast), green sand, and air set (also known as no-bake) castings as well as many value-added services such as finishing, machining, and heat-treating.
Ermak is a one-stop shop for finished, precision cast aluminum parts. Their production runs range from one to tens of thousands and from ounces to hundreds of pounds, always at a high tolerance for original equipment manufacturers in the following broad categories: industrial, recreational, construction, utility, and agricultural companies throughout the world.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Jeff Carignan, with the support of Vice President, Mergers & Acquisitions, Corey Painter, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with Patriot.
“The new ownership of Patriot is a great fit. Ermak has the management and operational expertise to take this company to the next level. It was a pleasure to lead this M&A transaction,” said Carignan.
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