Fairfield Aluminum Castings Retains Equity Partners HG
Fairfield Aluminum Castings Company has retained Equity Partners HG to seek refinancing or a buyer for this 70-year-old aluminum foundry, specializing in sand and permanent mold products. The Company provides customers with turnkey products, offering pattern making, assembly, machining, coating, inserting, heat treating, pressure testing, impregnating, and other value add casting operations.
FALCO started out with a 5,000-sq. ft. foundry in 1946 and has grown to a 200,000-square foot full service operation today. The Company now has two facilities, located in Fairfield, Iowa, and Clarence, Mo. Both facilities span over 100,000 sq. ft. each, employing 100 qualified individuals. The Iowa facility houses the core making, molding, and machining operations, while the Missouri building houses secondary operations such as assembly, trim, and heat treat.
FALCO continues to create quality custom aluminum castings for a wide variety of industries throughout the world. The integrity, dedication, versatility, resourcefulness, and emphasis on lean manufacturing of their staff has given FALCO the advantage when it comes to completing complex molding projects thought to be impossible by other foundries.
Fred Cross, a Managing Director at HG, says that “This is an excellent opportunity to lend to, partner with, invest in, or acquire an established aluminum foundry with a strong history and ability to provide customers an easy one stop solution for all their metal parts needs. FALCO wants to serve their customers, who they see as their business partners, better. New money is necessary to further improve, develop and expand their core business”.
Equity Partners HG, formerly “Heritage Equity Partners”, based in Easton, Md., provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.