Company Description
Gonvarri MS Corporate SL, headquartered in Asturias, Spain, is part of Gonvarri Industries, a worldwide leader in the steel transformation sector for auto, road safety, material handling, and solar energy with more than 40 factories in 19 different countries and revenue of 3.5 billion euros. Gonvarri MS made a strategic decision to divest its North American contract manufacturing business to focus on engineered components, parts, and systems for the solar industry. Gonvarri MS Baja California is a contract manufacturer of steel products used in the framing of fixed and tracker solar structure systems in the U.S. and Mexico.
Services Provided
MelCap Partners, LLC (“MelCap”) served as Gonvarri MS’s exclusive investment banker and financial advisor in the sale of Gonvarri MS Baja California.
The Result
Through this process, MelCap was able to successfully identify the ideal buyer for the business. As a result, Gonvarri MS Baja California was sold to Unimacts, a global industrial manufacturing services company with a presence in North America, Western Europe, Asia, and Australia, and a leading global supplier for the solar industry with production and distribution of mechanical solar components and assemblies in more than 10 countries around the world. The acquisition will give Unimacts a production facility in North America to produce tubes, piles, and other solar components in Mexico while also becoming more of a solutions provider in North America.
“MelCap worked diligently to support Gonvarri through the sale process, adapting as necessary to obtain a successful closing. We would recommend them for future business.”
