Spokane, WA – American Alloy (“American Alloy” or the “Company”), owned by founders Garret & Megan Guinn along with Peninsula Capital Partners and Silver Peak Partners, has been acquired by Blue Sage Capital. Hennepin Partners acted as American Alloy’s exclusive financial advisor. Terms of the transaction were not disclosed. Foley & Lardner served as legal counsel.
Headquartered in Spokane, WA, American Alloy is a full-service value-added manufacturer of metal components and sub-assemblies serving OEM customers in the packaging, food & beverage, industrial automation, hard rock mining, and other general industrial markets. The Company has distinguished itself through its best-in-class quality, quick-turn fulfillment, stainless steel and segregated/clean room manufacturing expertise, and full-service fabrication and machining capabilities for low-to-medium volume parts. American Alloy has built a long-standing reputation for being a trusted manufacturing partner for its blue-chip customers and is well-positioned to continue to benefit from the secular growth in automation investment within all verticals of the manufacturing economy.
Blue Sage will support American Alloy as it seeks to further build out its presence within current and targeted new markets through organic efforts and M&A. In conjunction with the transaction, the Company’s COO, Brett Stevens, has been named CEO and will lead the business in partnership with Blue Sage. American Alloy’s founder, Garret Guinn, will remain involved with the business as an employee, board member, and shareholder.
“The Hennepin Partners team delivered against its promise of senior attention and was alongside us at every step of the process,” stated Garret Guinn, Founder of American Alloy. “They listened, advised and advocated for the Company and its shareholders throughout the process and helped American Alloy find a great partner in Blue Sage Capital.”
Andy Wiegand, Partner at Peninsula Capital Partners added, “Hennepin Partners ran a thorough, well-executed process and delivered a successful outcome for all shareholders. We were impressed by the thoughtfulness from the Hennepin Partners team, the senior banker leadership and the quality of talent and resources across the firm. Their advice and process leadership from start to finish was crucial to a successful outcome. American Alloy is a world-class company and we wish the management team and Blue Sage continued success.”
Brett Stevens, CEO of American Alloy, said, “We are excited to partner with Blue Sage to continue the Company’s track record of growth. We pride ourselves on consistently delivering the highest level of quality and service to our customers. We look forward to making additional investments in our team, equipment, and future strategic acquisitions in order to support the growing need for metal component manufacturing partners and automation solutions across our markets.”
Jonathan Kaskow, Partner at Blue Sage, stated, “American Alloy has differentiated itself by building robust metal fabrication and machining capabilities that meet the highest level of customer and end market requirements. We are excited to partner with Brett, Garret, and the remainder of the American Alloy team and to support the Company as it executes upon its growth strategy.”