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PNC Business Credit Finances QMC Acquisition by Watermill Group

July 02, 2015, 07:11 AM
Filed Under: Automotive

The Watermill Group announced the acquisition of Quality Metalcraft, Inc. (QMC), a leading producer of engineered structural metal components and assemblies, providing advanced prototype, low-to-medium volume production and factory assist services to automotive and other specialty vehicle industries.

Lenders in this transaction, which closed on June 30, 2015, are PNC Business Credit and Medley Capital. Goodwin Procter LLP provided legal counsel to Watermill. Quarton Partners represented the seller.

“We have been impressed with QMC’s ability to deliver its products quickly and with exceptional service levels, without compromising quality or precision. Our vision is to help QMC strategically expand these capabilities to enable their customers to bring better designed, higher quality and safer vehicles to market,” stated Steven E. Karol, Managing Partner and Founder of The Watermill Group. “We are looking forward to bringing Watermill’s strategy-driven approach to QMC to help them realize their full potential.”

By providing a rare combination of advanced tooling, robotic flexible manufacturing lines and a recent investment in automated stamping, QMC has forged longstanding relationships with leading OEMs and Tier-1 suppliers in diverse industries. In the automotive industry, QMC has differentiated itself with a focus on prototyping and by providing low-to-medium volume production solutions for automakers’ niche, derivative and limited-edition vehicles. QMC is uniquely suited to handle demanding prototyping and design challenges and is known for utilizing a wide range of technologies to ensure consistency from product to product even at prototype volumes. These innovative assets position QMC as one of the few suppliers capable of delivering full body-in-white prototypes used in crash testing and other safety and design evaluation programs.

The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

Founded in 1964, Quality Metalcraft, Inc. (QMC) is a premium, niche provider of highly engineered, metal formed assemblies serving a wide range of transportation industries, including automotive, aerospace and defense, heavy trucking and construction equipment.

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