PPC Advises American Iron & Alloys on Sale to The Lawton Standard Company

Promontory Point Capital is excited to announce another one of our firm’s recent client successes.

American Iron & Alloys (“AIA”) is a Waukesha, Wisconsin-based manufacturer and supplier of continuous cast iron, bronze, and other alloys distributed throughout the United States. The Company’s flagship product is its continuous cast iron alloy, branded as Versa-Bar, which AIA exclusively distributes through its partnership with Brazil-based Tupy SA. With strong brand recognition earned over a more than 40-year history, AIA’s products are used by fluid power, heavy duty construction, and a variety of other industries that require metallurgically superior alloys.

As AIA ownership and leadership began to contemplate succession planning goals, the Company’s law firm recommended that the owners have a confidential conversation with Promontory Point Capital. PPC was subsequently engaged to explore shareholder liquidity and strategic alternatives for the business. Once engaged, PPC prepared a Memorandum, researched a targeted set of potential acquirers, and subsequently led confidential outreach efforts to solicit transactional interest in AIA. After soliciting preliminary offers from multiple bidders, PPC assisted in negotiating a Letter of Intent with The Lawton Standard Company. Based in Green Bay, Wisconsin, Lawton Standard is a leading manufacturer of high alloy and complicated metallurgical castings. Lawton Standard is a portfolio company of Oakland Standard, a private equity firm based in Michigan. PPC managed the entire engagement and assisted in closing the American Iron & Alloys transaction during the fourth quarter of 2022 representing another successful Done Deal for our firm. Read Press Release