V&A Capital, a private equity company based in New York City, New York, USA, has acquired SinterMet LLC, Kittanning, Pennsylvania, USA. SinterMet specialises in the engineering and manufacturing of high-performance tungsten carbide, Powder Metallurgy tool steel and other advanced material rolls for use in steel rod and bar mills. The company serves customers worldwide.
“SinterMet is a great company with a long history of providing its customers with high quality and highly engineered products that are critical in their mill operations,” stated Nicolò Vergani, Managing Partner of V&A. “We are extremely excited to support the company’s growth by increasing its product offerings, entering new end-markets and searching for complementary add-on acquisitions.”
“V&A Capital has deep experience in the metals space and will leverage its expertise and network of operating executives to achieve its growth goals,” Vergani added. “In addition, SinterMet fits closely with V&A’s other portfolio investments, offering the opportunity for additional growth through operating synergies.”
Paul Fleiner, CEO of SinterMet, commented, “V&A Capital was great to work with throughout the sale process. Their attention to detail, creative approach to issues, ability to move rapidly to close, expertise in metals manufacturing and portfolio of complementary businesses were key to selecting them as a partner as well as for the future success of SinterMet and its employees.”
S&T Bank provided the financing to support the acquisition and Loeb & Loeb LLP acted as legal counsel to V&A Capital.