Gregor Technologies, LLC (“Gregor” or the “Company”) is a contract manufacturer of specialized metal components and assemblies for various commercial, defense, and scientific instrument original equipment manufacturers. Established in 1989, Gregor operates from a state-of-the-art 70,000 square foot facility in Torrington, Connecticut. Gregor’s products range from basic metal components to complex electro-mechanical sub-assemblies and large sheet metal enclosures. Under the leadership of John and Janice Gregorich the Company has experienced substantial growth and has become an important manufacturing partner for several Fortune 500 companies.In order to support the continued growth of the Company, Gregor retained Shields & Company, Inc. to assist in the evaluation of its strategic alternatives. This process resulted in the sale of the Company to Metals USA (NYSE:MUSA), one of North America’s largest metal service center and value-added metal processing operations. Shields & Company was able to structure a deal that maximized the cash consideration at closing to Gregor’s shareholders while leaving the manufacturing operations and employees intact. The transaction will allow Metals USA to rapidly expand its high value-added metal processing and contract assembly capabilities to customers nationally. Please visit our website at www.shieldsco.com to learn more about this transaction and read the related press releases.
Shields & Company acted as a financial advisor to Gregor Technologies, LLC in the above transaction.