METALfx Acquires J&M Manufacturing

May 27, 2022

WILLITS, CA – METALfx (“the Company”), a leading provider of sheet metal fabrications, enclosures, assemblies, and wood composite components across a range of industries, announced today the acquisition of J&M Manufacturing, Inc. (“J&M”). The acquisition allows METALfx to build upon its capacity to accelerate growth while supporting its core customers and welcoming J&M customers.

J&M, headquartered in Cotati, California, was founded by Jim Judd and Paul Matthias in 1984. Over its 38-year history, the company has gained a rich reputation for manufacturing high-quality precision sheet metal parts and cultivated a loyal customer base, some of which have remained clients for over 20 years. As part of the transaction, significant capital assets will be relocated to METALfx’s 125,000 sq. ft. manufacturing site in Willits, California, including an Amada laser with tower, an Amada press brake equipped with an automatic tool changer, a 130-ton press brake, and a punch/laser combination machine.

“J&M has always held METALfx in high regard as a well-run organization. Over the many years both companies have been in business, we have found ways to work together on major projects and those projects were always successful,” said Judd. “I am certain that our customers are in excellent hands and am proud to have METALfx carry forward the legacy we leave behind.”

“Acquiring J&M provides Jim and Paul the exit and retirement they deserve and METALfx with additional equipment and customers that will fit well within the METALfx family,” added Henry Moss, President and shareholder of METALfx. “We appreciate the time and support the Montage Partners team dedicated to help get this acquisition across the finish line.”

Montage Partners invested in METALfx as a platform investment in 2019, acquiring the Company in conjunction with management from a subsidiary of Avista Corporation. At the time, Rob Wolfman, co-Managing Partner of Montage Partners, emphasized the firm’s commitment to “support the Company as it makes additional investments in people, technology, and equipment to better serve its customers.” As part of that commitment, Montage Partners led workstreams associated with this acquisition, including sourcing J&M and managing financial due diligence and legal documentation.

“We aim to provide more than just capital to our partner companies,” Wolfman added of the latest addition. “We know from experience that an acquisition takes significant time and effort, so we work to alleviate as much of that burden as possible from our management partners.”

The transaction closed May 27, 2022. Osborn Maledon, P.A. provided legal counsel to METALfx.

About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.