CHICAGO, August 16, 2018 – Mesirow Financial acted as the exclusive financial advisor to Atlantic Casting & Engineering Corporation ("Atlantic Casting & Engineering" or the "Company") on its sale to an undisclosed strategic party.
Atlantic Casting & Engineering is a world-class manufacturer of aluminum precision investment castings for the global aerospace, military and industrial end markets. The Company possesses a range of in-house capabilities, which include investment casting, CNC machining and assembly, that allow the Company to retain control over the vast majority of part production. Atlantic Casting & Engineering's technical engineering expertise empowers the Company to work with a variety of alloys, delivering metallurgical integrity and accuracy in dimensions resulting in a broad suite of products for a range of demanding applications.
James Binns, chief executive officer of Atlantic Casting & Engineering, said, "Mesirow Financial was instrumental in conducting an effective transaction process that ultimately paired the Company with an ideal strategic partner."
Adam Oakley, managing director of Mesirow Financial's Investment Banking group, commented, "We were honored to have represented Atlantic Casting & Engineering in this process. We believe the strategic combination will enable the Company to continue delivering exceptional service and quality products to its customers."
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial's dedicated aerospace and defense team has a proven track record of completing highly complex and successful transactions.
About Atlantic Casting & Engineering Corporation
Atlantic Casting & Engineering is a world-class manufacturer of high-quality aluminum investment castings. With over 75 years of experience, Atlantic Casting & Engineering manufacturers high-precision and geometrically complex cast parts primarily in the aerospace market but also serves in the military, electronics, transportation, medical and various other marketplaces. To learn more, please visit atlantic-ce.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit mesirow.com.