Company Description
Pro-Flex Holdings, LLC (“Pro-Flex” or “the Company”), located in Hillsboro, Indiana, provides best in class rough-in gas distribution products. The Company is a gas products leader, specializing in flexible corrugated stainless-steel tubing (“CSST”) systems for natural or propane gas – which, in the marketplace, provide a labor-saving, flexible, alternative to traditional black steel pipe installations.
Services Provided
Pro-Flex’s acquisition of Formtech and Truline represent the third transaction MelCap has completed with the Company’s Shareholders since Q1 2023 – showcasing our ability to add significant value across a diverse and growing organization. MelCap served as the exclusive investment banker and financial advisor to Pro-Flex through an extensive acquisition search. The acquisition search was focused on adding to the Company’s current extrusion capacity, as well as expanding its geographic reach. MelCap Partners identified the target, negotiated the terms of the transaction, and managed the Company’s acquisition efforts – from initial outreach through consummation of the transaction. We’d like to thank Pro-Flex for hiring MelCap Partners to assist them throughout the acquisition process!
The Result
Pro-Flex’s acquisition of Formtech and Truline represents meaningful plastic extrusion capacity expansion – which will allow the Company to better control its procurement efforts and provide supply chain stability. Formtech and Truline also represent a strategic addition to the Company’s current geographic footprint – which will allow Pro-Flex to efficiently serve its growing domestic and international customer base more fully.
Deal Team
We would also like to thank the external deal teams that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank Taft Stettinius & Hollister LLP, Brennan, Manna & Diamond, LLC, and Falls Capital Corporation.
Once again, we had the opportunity to work with the team at MelCap to execute on a successful acquisition. MelCap’s leadership was instrumental in the execution of a multi-state, multi-facility opportunity. From project management and high-level deal concepts to minor points, their organization and forward-thinking was critical from identification through closing.
