Emory & Co. served as the exclusive financial advisor to Muza Metal Products and Wing Capital Group in Muza’s sale to The Jor-Mac Company. The transaction closed in February 2024. The terms were not disclosed.
Muza Metal Products, based in Oshkosh, WI, is a solution-focused, full-service contract metal fabricator with a diversified base of original equipment manufacturer (OEM) customers. Originally founded in 1928 by the Muza family, the Company has experienced tremendous growth under the strategic ownership of Wing Capital Group—which bought the business in 2011—and through the direction of the Company’s top tier management team.
The Company takes pride in its diverse set of capabilities, providing its customers with an all-inclusive service offering. Muza Metal Products’ capabilities include prototype solutions, cutting, forming, welding, fastener insertion, machining, tube bending, painting and assembly.
The success of Muza Metal Products has been a function of its commitment to technology, innovation, engineering, execution and customer service—all of which are cornerstones of the rich heritage of quality upon which the Company’s reputation is built.
The Company has made significant investments in its workforce and automation technologies—including its robotic weld cells, state of the art powder coat paint system and automated panel bending system. This has helped position Muza Metal Products as a market leader and earn it the 2024 Enterprise of the Year award from the Oshkosh Chamber of Commerce.
The Jor-Mac Company is a Wisconsin-based integrated supply chain partner providing OEMs with end-to-end outsourcing of their metal fabricating, painting and assembly requirements. Jor-Mac serves customers throughout the United States, Canada and Mexico. Customers include those in fields such as rail, industrial, backup power, HVAC, agriculture, and electrical enclosures.
Jor-Mac is a portfolio company of The Mendota Group, Aldine Capital, Capital for Business, NewSpring Capital and Northcreek Mezzanine.
Jeff Beischel, Founding Partner and Managing Director of Wing Capital Group, stated “We are very pleased with the outcome of this transaction. Taylor Kotke and the team at Emory & Co did a terrific job finding the right partner for Muza, which is well-positioned to continue its success as part of Jor-Mac.”
“We ran a full-scale process, contacting numerous strategic buyers and private equity groups. As we expected, there was a strong market response to what Wing Capital and Muza’s management team have built. Ultimately, The Jor-Mac Company emerged as the clear choice as the best buyer and best fit,” said Taylor Kotke, Managing Director at Emory & Co.
“We are honored to have worked with Wing Capital to transition their business to new owners who will continue to support the Company’s legacy and help further accelerate growth,” added John Emory Jr., President of Emory & Co.
Emory & Co. worked closely with Wing Capital and Muza Metal Products throughout the sale process, leading the marketing, negotiation and due diligence phases of the transaction. Godfrey & Kahn, SC acted as legal advisor to Wing Capital Group and Muza Metal Products on the transaction.
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