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Stamping Company Recapitalizes Through P&M Corporate Finance

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(credit: istock) Technology Report
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SOUTHFIELD — P&M Corporate Finance announced Monday it served as the exclusive financial advisor to Chelsea-based Hatch Stamping Co. in a recapitalization transaction with Hatch’s management team and Prophet Equity of Southlake, Texas.
 
Hatch is a manufacturer of complex metal stampings and assemblies to the automotive industry. The company supplies the world’s leading manufacturers of fuel, braking, roofing, and interior automotive systems with complex safety critical metal components and mechanisms through its six manufacturing centers.

Hatch provides robotic welding and subcomponent assembly, e-coating, in-line vision inspection and error detection, prototype design and construction, and full tool and die-build and repair.

Said Ron Hatch, owner and CEO: “After many years of supporting Hatch’s geographic, production capability, and end market growth, I am excited to partner with the management team and Prophet Equity to continue our mission of manufacturing excellence and to capitalize on the growth opportunities afforded to Hatch.”

Added Brian Hegi, principal of Prophet Equity: “With years of operational and strategic acumen in the automotive industry, Prophet Equity will be a collaborative partner to help management and Mr. Hatch explore and evaluate opportunities to create additional value.”

And Phil Gilbert, managing director of P&M Corporate Finance, had this to say: “This transaction is an excellent outcome for all parties involved. In addition to achieving a personal liquidity event, Mr. Hatch has found an operationally oriented partner that is supportive of the company’s proven strategy. Through its investment, the management team has aligned itself with the success of the organization it manages and is in a position to reap the rewards of its efforts. Finally, Prophet Equity has made an investment in an industry leader with an established brand, a strong reputation, and an excellent management team.”

P&M Corporate Finance is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the industrials, plastics and packaging, medical technology, and business and technology services industries. PMCF has offices in Chicago and Detroit and around the globe via its Corporate Finance International affiliates. For more information, visit www.pmcf.com.

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