Frazer & Jones Company
Frazer & Jones Company, a division of The Eastern Company (NASDAQ:EML), is a high quality ductile and malleable iron foundry that has been in business for over 150 years in Syracuse, New York.
MelCap Partners served as Eastern’s exclusive investment banker and financial advisor in the sale of the business. We’d like to thank the entire Eastern team for hiring MelCap Partners to represent them in the divestiture of Frazer & Jones. It was an honor and pleasure to work with them throughout this exciting process.
In an effort to divest Eastern of certain non-core businesses, and to continue to provide support for Frazer & Jones’ strategic growth plans, MelCap was able to successfully identify the best buyer for the business. As a result, Frazer & Jones was sold to Fidelis Holdings, LLC, headquartered in Bingham Farms, MI. Fidelis is a holding company that owns and acquires manufacturing companies in the highly engineered product space.
"This transaction is a milestone in Eastern's transformation. We are grateful for the professionalism of everyone at MelCap Partners and their determination to get this transaction done".
Mr. Gus Vlak
President & CEO, The Eastern Company
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Industrials, Private Equity, Sell-Side M&A