January 12, 2018
PHOENIX, AZ and CHINO VALLEY, AZ – FutureWeld Co., Inc. (“FutureWeld”) and Frontier Techni-Kote Industries, LLC (“FTK”) today announced that the companies have agreed to merge and form Frontier Group, Inc. (“Frontier Group” or the “Company”).
The merger represents the combination of two leading companies in the southwestern U.S. aerospace metal finishing industry. Founded in 1979 and based in Phoenix, Arizona, FutureWeld has been one of the few independent aerospace metal finishing companies to be Nadcap accredited to offer chemical processing, non-destructive testing and welding services. Founded in 1994 and based in Chino Valley, Arizona, FTK has had a long-standing reputation for providing best-in-class chemical processing services to aerospace and other customers throughout Arizona and other states in the southwestern U.S.
Andrew Furrer, President of Frontier Group, commented, “The combination of FutureWeld and FTK to form Frontier Group marks the coming together of two market leaders who together have more than 60 years of experience serving the aerospace and other industries. We’re thrilled to offer our joint customers more capabilities, faster delivery and a higher level of expertise as a result of the merger. We will continue to make investments in our own business to ensure that we continue providing the highest levels of service in the industry.”
Furrer continued, “No other metal finishing supplier in Arizona can match Frontier Group’s breadth of comprehensive services, including anodize, chem film, paint, passivation, phosphate, non-destructive testing, welding and more. As one of the few independent metal finishing providers in Arizona, our only focus is to provide the best service to our customers. We look forward to adding additional services and expertise to support our current and future customers.”
Key highlights of the combination include:
Frontier Group’s management will own a significant portion of the Company alongside Montage Partners, a private equity firm based in Scottsdale, Arizona focused on investments in the western U.S.
About Frontier Group
Frontier Group is the leading Arizona-based provider of metal finishing services to the aerospace & defense and other industries including medical, commercial, industrial, and automotive. Since its founding in 1979, Frontier Group has delivered unrivalled quality and service to its long-standing customers across the southwestern U.S. Frontier Group is uniquely qualified as Arizona’s only independent metal finishing service provider that is Nadcap accredited to offer chemical processing, non-destructive testing, and welding services.
About Montage Partners
Founded in 2004 and located in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners provides liquidity to those who have spent years of their life building great companies, protects those companies through a transition of ownership and supports the next generation of a company’s leadership in executing on growth initiatives. For more information, please visit www.montagepartners.com.