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New Deal


Announced

Completed

Torque Capital completed the acquisition of Metal Forming & Coining.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Acquisition

Completed

engineered components

Friendly

Majority

Auto Parts

Single Bidder

United States

Private Equity

Synopsis

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Torque Capital, a private equity firm, completed the acquisition of Metal Forming & Coining, a manufacturer of advanced, highly engineered flow-formed and cold-formed components and assemblies, primarily serving transmission and propulsion applications in the automotive and truck markets. Financial terms were not disclosed. "For nearly seventy years, MFC / Netform has had a reputation as a leading, differentiated supplier to the transportation markets. In an industry focused on price, MFC / Netform has thrived given its ability to consolidate manufacturing processes, eliminate waste and reduce costs for its blue-chip customer base. We are excited to partner with this talented team and support the company in its next phase of growth," Terry Culmone, Torque Capital Partner.

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