Waypoint Private Capital is pleased to announce the sale of Muskogee Metal Fabricators.
Waypoint Private Capital (“Waypoint”) served as sell side M&A advisor to Muskogee Metal Fabricators (“MMF”) on its successful sale.
Muskogee Metal Fabricators was founded in 1926 and is a major heavy metal fabrication company. They had a long history of success at the company, but were recently hit with a series of unexpected events that prompted the sale of the company. In August 2021, the company's owner, Fred Fleak, passed away. Then in February 2022, his son and successor unexpectedly passed away too. Fred’s widow was left to decide what to do with the business.
Fred’s widow, Kim Fleak, consulted with her financial advisor, Daran Tucker with Financial Planning Resources in Tulsa, about who to work with to sell the business. Daran introduced Kim to Bruce Skaistis, Managing Director of Waypoint Private Capital. After discussing our sell-side process with Kim and Daran, Kim engaged Waypoint Private Capital to sell the company.
The team at Waypoint Private Capital initiated a national search for a buyer and successfully negotiated a sale with a strong buyer, who has requested anonymity.
After the sale, Kim Fleak told Bruce,
"I can’t thank you enough for all you did. Not only did the business sell much quicker than we expected, but also for more than we expected. This new business will be good for the Muskogee community.”
The acquiring company has announced that they plan to significantly increase MMF staffing over the next three years at an average salary of $52,000 – which is higher than the average salary for comparable jobs in Muskogee. They are also offering an attractive benefits package.
About Waypoint Private Capital
Waypoint Private Capital is an investment banking firm that advises the owners and management teams of middle-market companies through critical stages of their business' life cycle. Waypoint helps business owners sell companies, buy companies, raise equity and debt capital for growth and recapitalization, and plan for a successful exit from their business.
To learn more visit waypointprivatecapital.com or call us at 608.515.3354 or 918.633.2647 and speak with a Waypoint Private Capital expert.
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