Company Description
Lee Brass Foundry, LLC (the “Company” or “Lee Brass”), a portfolio company of The Reserve Group (“TRG”), founded in 1917, is one of the most versatile and largest brass foundries in the United States, providing casting and machining services for low-lead alloy components. The Company is the largest producer of threaded brass fittings in the U.S. and offers threaded brass fittings, unions, and flanges.
The Company provides complete service for its products, from design engineering to shipping for the plumbing, industrial, marine, and commercial industries.
Services Provided
MelCap Partners served as the exclusive investment banker and financial advisor to Lee Brass in the sale of the Company. We’d like to thank The Reserve Group for hiring MelCap Partners to represent Lee Brass in this transaction. It was an honor and pleasure to work with TRG and Lee Brass teams throughout this exciting process.
The Result
In an effort to provide TRG and its partners with liquidity, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, Lee Brass was sold to a newly formed entity of Fidelis Holdings, LLC (“Fidelis”), headquartered in Bingham Farms, MI. Fidelis is a holding company that owns and acquires manufacturing companies in the highly engineered product space.
“We would like to thank the MelCap team for their excellent service and performance to navigate the sale process of Lee Brass. From start to finish, the MelCap team were diligent and thorough in leading our unique situation. When obstacles arose in the process, MelCap was experienced and thoughtful to overcome them. Our expectations were exceeded and we look forward to working with them again in the future.”
