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SALE OF PARTS FINISHING GROUP

PARTS FINISHING GROUP HAS BEEN ACQUIRED BY PIONEER METAL FINISHING


Birmingham, Michigan – December 7, 2012 – Angle Advisors is pleased to announce that Pioneer Metal Finishing, LLC (“Pioneer”) has acquired Parts Finishing Group, Inc. (“PFG” or the “Company”).Angle Advisors acted as the exclusive investment banking advisor to the shareholders of PFG in completing this transaction.

Based in Auburn Hills, Michigan, with operations in the USA and Mexico, PFG is a leading provider of outsourced secondary chemical coating and metal surfacing and finishing services. The Company employs a full array of processes to apply proprietary and licensed coatings including rubber to metal bonding adhesives, zinc rich, epoxy, and dry film lubricants. Chemical coating services are complemented by metal finishing services including kolene stripping, shot blasting and peening, vibratory deburring, honing, and barrel tumbling. The Company engineers metal finishing and coating solutions, sequences multi-step finishing processes, and minimizes finishing costs for over 600 active customers across the automotive, commercial vehicle, military, aerospace, recreational, agricultural, appliance, electronics, and general industrial markets. The Company operates six state-of-the-art production facilities featuring a comprehensive range of modern processing equipment and has 300,000 square feet under-roof.


Bob Pyle, President & CEO of Pioneer, noted, “This acquisition is another step in our aggressive growth strategy. PFG’s substantial size, international customer base, and unique coating and bonding processes significantly increase our market position in the growing automotive industry, and add to our extensive portfolio of metal finishing capabilities.”


Fred Pape, President of PFG, commented, “We’d like to thank the team at Angle Advisors for managing this transaction on our behalf. Their knowledge of PFG’s business and related market dynamics, as well as their vast experience in completing transactions in the automotive industry was invaluable.”


Pioneer Metal Finishing, LLC is a nationally recognized provider of cosmetic and wear resistant coatings for the aerospace, industrial, medical, military, recreational, electronics, and automotive industries. It provides finishing services, such as anodizing, dye anodizing, hard anodizing, die cast finishes, bright dip anodizing, electroless nickel, chromate conversion, acid etch, passivating, dry film lubricant, painting, powder coating, and e-coating services. Employing over 1,400 people, Pioneer operates 15 production facilities across the United States and Mexico. Founded in 1945, Pioneer is headquartered in Green Bay, Wisconsin. For additional information, please visit www.pioneermetal.com.


Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm’s 32 professionals have completed 73 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds and public sector clients. For additional information, please visit www.angleadvisors.com.

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