Alloy Bellows Completes Management Buyout

Alloy Bellows & Precision Welding, Inc. of Cleveland, Ohio has completed a management buyout of the majority partners, in which its President, Michael Canty, acquired 100% ownership of the company.

Alloy Bellows, founded in 1935, supplies customers around the world with metal bellows, bellows assemblies, thin-wall seam-welded tubing, welding, soldering, brazing and non-destructive testing services. Dedication to providing first-rate products and services on-time and on-budget has enabled the company to become a leading supplier to both large and small customers.

Michael Canty joined Alloy Bellows in 2006 as President and a significant minority owner. “This latest transition in ownership sets the stage for the next phase of growth, and creates opportunity for our excellent team of managers and key employees”, said Canty.

EdgePoint Capital Advisors of Beachwood, Ohio, served as financial advisor to Michael Canty throughout the process, and arranged the financing. “EdgePoint was excellent to work with – they valued the business, tailored a financial structure that minimized my equity needs, obtained the financing and quarterbacked the process. I obtained better value with less risk”, said Canty. EdgePoint, a member of FINRA and SIPC, is a leading investment banking firm that advises owners of middle market businesses on mergers, acquisitions and other strategic transactions.