Montage Partners acquired MetalFx from Avista Corporation.

Montage Partners, a Scottsdale, Arizona-based private equity firm, acquired Advanced Manufacturing and Development, dba METALfx, from a subsidiary of Avista Corporation. Financial terms were not disclosed. METALfx’s existing management team will continue to lead the company and will own a meaningful equity stake in the business. METALfx is a leading provider of precision sheet metal fabrications, enclosures, assemblies, and complex wood composite components across a variety of industries, including technology, healthcare, industrial, and others. “Today marks the beginning of an exciting time for METALfx, and we are delighted to be working with Montage Partners to reach our next phase of growth as an independent company. With Montage Partners’ support and guidance, we look forward to delivering more value to our customers through enhanced capabilities and engineering-driven solutions.” Henry Moss, METALfx President and shareholder.