XLCS Partners, Inc., a leading middle-market investment bank, is pleased to announce it served as the exclusive advisor to United Gasket Corp. (“United Gasket”) on its acquisition by All-State Industries, Inc. (“All-State”), a portfolio company of Blue Sage Capital.

Founded in 1940 and headquartered in Cicero, Illinois, United Gasket is a leading manufacturer of custom non-metallic components, including adhesive-backed gaskets, felts, and other flexible parts. Alongside its subsidiary, Gaskoa, Inc., United Gasket serves a diverse range of industries, including electronics, rail, non-engine auto, HVAC, pumps, and lighting.

Headquartered in Des Moines, Iowa, All-State was founded in 1974 and is a leading provider of non-metallic components for OEMs across diverse end markets. The company specializes in solution-oriented products for sealing, acoustics, thermal management, motion control, and impact absorption applications.

“XLCS provided invaluable guidance and expertise throughout this process,” noted Mark Pahios, CEO of United Gasket. “Their team understood our business, our goals, and worked tirelessly to find the perfect partner for United Gasket. Thanks to their dedication, we are now positioned for long-term growth with All-State, ensuring continued success for our employees and customers.” Mark Pahios will continue to lead the United Gasket division as part of the All-State platform.

This transaction marks the fourth acquisition All-State has completed since partnering with Austin, Texas-based Blue Sage Capital in 2019. The combined business will be one of the largest providers of non-metallic components in its markets, with fourteen facilities across the United States and Mexico.

XLCS acted as the exclusive M&A advisor to United Gasket, and the transaction was led by Anthony Contaldo, Partner, and Eric Schoendorf, Vice President. The transaction was completed on December 31, 2024.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle-market investment bank, is pleased to announce it served as the exclusive advisor to American Building Contractors, Inc. (ABC) on its sale to 39N Diversified Roofing Holdings, LLC (DRG).

Founded in 1998, ABC specializes in multi-family, commercial/industrial, and single-family residential re-roofing restoration, providing roof repair and replacement services. Licensed in over 42 states, ABC focuses on regions with stringent construction codes and challenging weather conditions, establishing itself as a trusted leader in the industry.

DRG, headquartered in Phoenix, Arizona, is a leading national roofing services provider specializing in re-roofing and maintenance services to commercial and residential clients. DRG has a strong 36-year reputation, expertise across diverse end markets, and scalable internal systems that support an integrated platform of highly attractive brands. The acquisition of ABC strengthens DRG’s market presence and expands its portfolio of services.

“I was extremely impressed with the guidance provided by Anthony Contaldo and the team at XLCS throughout every stage of the process,” said Paul Woodward, President and Owner of ABC. “Their expertise, professionalism, and dedication were instrumental in navigating the sale of my business.”

XLCS acted as the exclusive M&A advisor to ABC, and the transaction was led by Anthony Contaldo, Partner, and Eric Schoendorf, Vice President. The transaction was completed on October 24, 2024.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as the exclusive advisor to Creative Assembly Systems (CAS) on its sale to All State Fastener (ASF).

CAS, headquartered in Chillicothe, OH, is a full-line authorized supplier of industrial products and support for heavy-duty vehicles and other machinery. The company offers a comprehensive range of products, including fasteners, Class C components, abrasives, and other items, along with value-added services such as manufacturing support services (MSS), select vendor-managed inventory (VMI), and print customization.

For over 44 years, ASF has been a global leader in the fastener industry, serving the automotive, heavy truck, transportation, heavy equipment, electronics, and construction sectors. Headquartered in Roseville, MI, ASF specializes in both production and MRO fastener requirements, holding ISO 9001:2008 and Ford Q1 certifications. In 2006, ASF expanded into the aerospace industry with AS 9021 certification, demonstrating a commitment to quality and innovation.

This strategic integration will enhance ASF’s market share and competitive advantage, providing added resources to better serve existing customers while driving growth in the core business. CAS General Manager Seth Ucker will continue to lead the CAS business and oversee all employees and branches in Chillicothe, OH, and Denton, TX.

“This transaction marks a significant milestone as our 20th fastener-related deal, further solidifying XLCS Partners’ expertise in the sector,” said Anthony Contaldo, Partner and Head of XLCS’s Industrial Distribution Practice Group. “Our deep industry knowledge and strong relationships within the fastener industry continue to drive successful outcomes for our clients. We’re proud to have partnered with CAS and are excited for their next chapter with ASF.”

XLCS acted as the exclusive M&A advisor to CAS, and the transaction was led by Joe Contaldo, Partner, and Reed McMahon, Senior Associate. The transaction was completed on July 12, 2024, and marks the firm’s 20th fastener and industrial distribution transaction.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it acted as the exclusive advisor to Mitchell Aircraft on the sale of its PMA division, Mitchell PMA, to Jet Parts Engineering (JPE), a portfolio company of Vance Street Capital.

Mitchell Aircraft, based in Cary, IL, is a well-established parts distribution company serving the aerospace industry. Mitchell PMA specializes in FAA-approved airframe and accessory replacement parts, offering a diverse catalog of over 170 components, including rudder balance weights, engine cooling hoses, and cargo door lanyards. Mitchell PMA’s extensive expertise in engineering and design solutions has established it as a trusted provider of high-quality PMA parts.

JPE, headquartered in Seattle, WA, is a recognized leader in developing PMA parts, DER repairs, and MRO services for commercial aircraft. With the acquisition of Mitchell PMA, JPE expands its product offerings and strengthens its ability to serve the evolving needs of its global customer base.

Mitchell Aircraft will continue to operate its OEM distribution business, independent of Mitchell PMA.

“This transaction exemplifies XLCS Partners’ deep expertise in the aerospace sector,” said Joe Contaldo, Partner and Head of XLCS’s Aerospace & Defense Practice Group. “Our ability to match Mitchell PMA with a strategic partner like JPE reflects our industry knowledge and commitment to delivering optimal outcomes for our clients.”

XLCS acted as the exclusive M&A advisor to Mitchell Aircraft, and the transaction was led by Anthony Contaldo, Partner and Reed McMahon, Senior Associate. The transaction was completed on October 1, 2024.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.