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Birmingham, Michigan – January 9, 2023 – Angle Advisors is pleased to announce that Torque Capital Group (“Torque Capital”) has acquired Metal Forming & Coining Corporation (“MFC / Netform” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to MFC / Netform in completing this transaction.

Founded in 1953, MFC / Netform is a leading manufacturer of advanced flow-formed and cold-formed components and assemblies primarily focused on transmission and propulsion applications in the automotive and truck markets. The Company is a recognized industry leader in applying its advanced process capabilities to the development of innovative components and assemblies which are characterized by high strength to weight ratios, near-net shape specifications that require little to no additional secondary operations, and reduction in weight, waste, and cost. MFC / Netform’s impressive customer base includes leading OEMs and Tier I suppliers. The Company operates out of its facilities in Maumee, OH and Shelby Township, MI. For additional information, please visit

Terry Culmone, Partner at Torque Capital said, “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.”

Paul Kessler, MFC / Netform's owner said, "We have built an incredible platform, product and intellectual property portfolio, team and customer base over the years, and we are excited to have found a growth-oriented partner with the industry experience necessary to facilitate further growth of MFC / Netform and to better serve our customers."

Kessler added, “We would like to thank the team at Angle Advisors for their trusted guidance and exceptional work representing us in this transaction. Their deep industry knowledge, buyer relationships, and experience with our key processes and capabilities allowed them to highlight our Company’s value proposition and differentiation compared to others in our industry.”

Torque Capital Group is a middle market private equity firm that takes an operational approach to investing in businesses at a critical inflection point. Torque deploys patient capital behind North American based manufacturing, niche / enthusiast branded products, and supply chain service companies, with a particular expertise in transportation related markets. Torque serves as a resource to its portfolio company management teams, offering strategic, operational, and financial resources to accelerate the building of long-term value for all stakeholders. For more information, please visit

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 271 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


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