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Birmingham, Michigan – January 18, 2022 – Angle Advisors is pleased to announce that Modineer Co., Inc. (“Modineer”) has acquired Pulverman, a Pennmark Technologies Company, (“Pulverman” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Pulverman in completing this transaction.

Based in Dallas, PA, Pulverman is a fully integrated provider of custom fabricated metal products. From its world class facility, Pulverman provides engineered metal fabrication components and assemblies, as well as extensive high-compliance finishing services. Adept with a variety of metals, specializing in stainless steel, galvanized steel, aluminized steel, steel, and aluminum, the Company supplies a wide range of markets including heavy and medium-duty truck, off-highway, HVAC, building products, commercial vehicle, general industrial, and aftermarket. Pulverman has consistently invested in its state-of-the-art production and finishing capabilities including robotic press brakes, fiber laser cutting, automated shearing, robotic welding, tube bending, machining, stamping, e-coat, powder coat, and specialty coating. The Company was founded in the early 1940’s and has exhibited consistent and substantial growth over the last 20 years. For additional information, please visit

Randy Mark, President and Owner, commented “I am excited that Pulverman will be part of such an excellent organization going forward. Modineer has an extremely exciting future ahead of it and I believe that Pulverman will be an integral part of that success. Pulverman and Modineer not only have several complementary products, processes, and customers, but the two organizations have similar cultures providing many opportunities for Pulverman’s highly valued and capable employees to grow in their careers.”

Randy Mark added “We would like to thank the team at Angle Advisors for their exceptional work representing us in this transaction. Beyond their deep industry knowledge and buyer relationships, Angle’s experience with our key processes and capabilities enabled them to separate Pulverman and highlight how our Company is differentiated from others in our industry.”

“Pulverman is a strong addition to the Modineer group and supports the vision we have to expand Modineer’s capabilities with existing customers while simultaneously entering new end markets with the support of a growth-oriented partner and a long-term perspective” said John Kobza of Hall Capital, on behalf of Modineer and its ownership group.

Modineer, owned by Hall Capital, a private investor, and Westbourne Capital Partners, is a leading manufacturer and fabricator of low to medium volume complex metal components and assemblies for the automotive, military, truck/trailer, and industrial markets utilizing stamping, roll forming, welding, machining, painting, e-coating, and other specialty processes. Headquartered in Niles, Michigan, Modineer manufactures more than 50 million components per year from 14 facilities totaling more than 1.5 million ft2 located in Michigan, Indiana, Missouri, Illinois, Pennsylvania, Kentucky, New Mexico, and Juarez, Mexico. For additional information, please visit

Hall Capital is a family-owned private investment company with offices in Oklahoma City, Nashville, Chicago, Dallas, and Tulsa. Its roots extend back to legendary automotive pioneer Fred Jones’ first enterprise in 1920. Today, led by Jones’ grandsons – Fred Hall, Kirkland Hall, and Brook “Boots” Hall, Jr. – Hall Capital is home to a diversified collection of business interests focused on investments in the automotive and real estate sectors. For additional 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 249 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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