American Metal Technologies (“AMT”) is a leading manufacturer of precision-machined parts and sub-assemblies serving the needs of automotive and industrial original equipment manufacturers. Since being established in 2000, AMT has served a variety of industrial heavy-duty vehicle segments and has been recognized as a key Tier 1 OEM automotive supplier by both Ford Motor Company and General Motors. With a differentiated business model based on the ability to provide engineering services, prototyping, and short production runs – with the added flexibility to increase production into longer runs and higher production levels – AMT is viewed by its customers as a trusted and valued partner.
As the automotive, heavy-duty vehicle, and other industrial markets emerge from the pandemic, AMT’s customers have begun to introduce new vehicle production programs. To properly prepare for these changing program demands, AMT engaged Promontory Point Capital as its investment banker to arrange financing to better position the business for growth. PPC’s engagement included marketing the opportunity and soliciting funding proposals from both bank and non-bank sources of financing. After securing multiple competing term sheets, PPC recommended a new financing structure for AMT to include Amerisource Business Credit and Utica Equipment Finance. This new multi-lender financing structure closed during the 2nd quarter of 2022 and represented another successful Done Deal for our firm.