True North Advises Arc Solutions, Inc. in Sale
Arc Solutions acquired by FabX Industries
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FabX Industries, Inc. (FabX), a Michigan-based holding company, announced that it has acquired the business of Arc Solutions, Inc. (Arc Solutions), a distributor and service provider of welding, robotic, and plasma equipment. Terms of the transaction were not disclosed. Arc Solutions, located in Hicksville, Ohio, is a leading distributor of welding products as well as a designer of integrated robotics systems. The Company represents top-tier welding and cutting manufacturers including Lincoln Electric, Hypertherm, Miller, and many others, providing machine maintenance and repair services. FabX is a manufacturing holdings company established to provide high quality, cost effective and value-added machining and fabrication services for fenestration, automotive, marine, furniture and recreational vehicle industries. The Company’s approach is to make manufacturing easy by partnering with its customers and taking care of its employees. Arc Solutions marks the fifth acquisition for FabX, joining with Aquest Machining, Elite Precision Machining & Tooling, Guide Engineering, and LaserTec Sheet Metal Fab. Gopi Ganta, CEO of FabX, commented, "I am thrilled to share the exciting news of FabX Industries acquisition of Arc Solutions, Inc. This strategic move marks a significant milestone in our journey towards enhancing our capabilities and expanding our offerings to better serve our valued customers. With the integration of Arc Solutions, Inc. into the FabX Industries family, we are poised to elevate our presence in the welding solutions sector, encompassing distribution, services, and automation. By joining forces with Arc Solutions, alongside Guide Engineering (FabX's automation arm) and our fabrication divisions in Michigan and Indiana, we are empowered to provide a seamless, one-stop destination for fabrication, welding, and automation solutions to a diverse array of OEMs. This consolidation not only enhances our value proposition but also reinforces our commitment to delivering unparalleled excellence and innovation to our customers." Denny Vetter will continue to serve as President of Arc Solutions, with Scott Vetter continuing as Vice President. The Principals of True North were the lead strategic and financial advisors to Arc Solutions Inc. on the sale of its business to FabX Industries. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SIPC. Burch and True North are not affiliated entities.
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