FOR IMMEDIATE RELEASE
Richmond, VA – (October 12, 2010) Transact Capital is pleased to announce the acquisition of Paducah Sheet Metal, by Reliant Holdings. Transact Capital served as the exclusive financial advisor to Paducah Sheet Metal.
Paducah Sheet Metal, located in Paducah, Kentucky was founded in 1956 by James Cain, and was followed into management and owership by his son Phillip Cain who has managed the business since 1978. The company provides heavy plate and sheet metal fabricated products for industrial companies and large commercial construction projects, primarily in Western Kentucky.
According to Jim Meystedt, President of Reliant, “The acquisition of Paducah Sheet Metal provides an opportunity for our family to take over a family business. We see the future of the company being an extension of the vision that Phillip has set, provide high quality products and superior customer support. We are confident that we can build upon this business model”.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.