ARTICLE
The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces that its client National Electronic Alloys (NEA), a leading specialty metal distributor, based in Oakland, NJ has been acquired. Fox Three Partners, a private investment and consulting firm, sponsored the acquisition. The DAK Group served as the exclusive investment banker and financial advisor to NEA initiating and managing the entire process. “The owner and management of National Electronic Alloys have monetized on an exceptional company founded and run by the family for three generations. By joining forces with Fox Three Partners this acquisition propels NEA to enter into the next growth phase for their internationally recognized brand” stated Len LaPorta, Managing Director, who along with Josh Andermarch, Associate engineered this transaction. This transaction capitalizes on NEA’s leadership position as a Specialty Metal distributor providing a wide array of Defense Acquisition Regulation System (DFARS) Compliant metals and alloys across the United States and abroad. Top management has taken an equity position in the new company and all operations will stay the same. For 30+ years this three generational family business, has had deep roots servicing the Aerospace, Telecom, Semiconductor and Military Defense Industries providing top quality metals with superior services. Fox Three Partners was excited to invest in this exceptional company and plans to leverage its solid foundation in executing a solid growth strategy.