12075 N. Corporate Parkway, Suite 120 | Mequon, WI 53092
[email protected]

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Deal Room
Deal Room

Fabricated Metal Products

Our team advised Fabricated Metal Products on its sale to Newel Capital and Optimus Capital Partners.

Fabricated Metal Products

Transaction Details

Sell-Side Advisor

Year: 2022

Client: Fabricated Metal Products

Hedquarters: Cudahy, WI

Industry: Industrials & Manufacturing

Website: www.fabmet.com

Overview

Completed by the Vantage Investment Banking team under a prior firm, Fabricated Metal Products (“FMP”), a manufacturer of metal components and assemblies for industrial applications, has been acquired by Newel Capital and Optimus Capital Partners.

About Fabricated Metal Products

Founded in 1952 and headquartered in Cudahy, WI, FMP is a manufacturer of metal components and assemblies that are required by heavy-duty machinery companies. The business has grown into a supplier of choice for leading material handling, waste disposal equipment, heavy-duty truck, and other industrial customers. In addition to being ISO 9001 certified, FMP is also certified by several major OEMs, including attaining the highest level of certification under the Caterpillar® supplier certification system.

About Newel Capital

Newel Capital is a private investment firm that focuses on acquiring and operating established businesses with a long-term, owner-oriented approach rather than seeking quick financial returns. The firm works closely with current owners to support successful transitions and sustain business growth, preserving culture and values while generating value for customers, employees, communities, and investors.

About Optimus Capital Partners

Optimus Capital Partners is a professional advisory firm that helps companies navigate challenging situations and complex projects by providing hands-on operational support, execution-focused planning, and results-driven engagement across a range of business needs. With nearly two decades of experience and over 140 engagements, the firm supports clients in performance improvement, restructuring, financing, and M&A while delivering sustainable in-house results and value creation.

Deal Team

Vantage Investment Banking
Bill Penkwitz

Bill Penkwitz

Partner
Alex Penkwitz

Alex Penkwitz

Vice President

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Built On Trust. Defined By Results.

We specialize in investment banking for privately held businesses, offering expert guidance and fresh perspectives. Contact us to learn more and explore your options.

Address
12075 N. Corporate Parkway, Suite 120 
Mequon, WI 53092
Get In Touch
[email protected]
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Alex Penkwitz

Vice President & Co-Founder

262-339-8772

[email protected]

Biography

Working in the middle market investment banking industry since 2020, Alex is responsible for leading the day-to-day execution of M&A transactions for the Vantage Investment Banking team. His responsibilities span all phases of the transaction process, including financial modeling and valuation analysis, preparation of marketing materials, buyer and investor outreach, and coordination of due diligence activities. He plays a central role in managing timelines, facilitating communication between clients and counterparties, and supporting negotiations to ensure smooth execution.

Alex has advised on more than 25 M&A, Debt Placement, and Capital Raising transactions across multiple industries, including industrials & manufacturing, business services, technology & IT services, consumer products, and food & beverage. His experience working with both privately held businesses and institutional investors gives him a well-rounded perspective on the strategic, operational, and financial considerations that drive successful outcomes.

Alex holds a BBA in finance from Marquette University, centering his education around investments and participating in the Accelerating Ingenuity in Markets (AIM) Program. 

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Bill Penkwitz

Partner & Co-Founder

414-559-3519

[email protected]

Biography

Bill brings more than 25 years of investment banking experience, previously founding and building a boutique investment banking firm focused on advising middle market companies on mergers and acquisitions, debt placements, capital raising, and strategic advisory transactions. Over the course of his career, he has advised on more than 150 transactions across a wide range of industries. Bill remains active in the greater Milwaukee community, serving as a board member of several Wisconsin-based organizations and a shareholder in a number of privately held businesses.

Bill’s extensive experience gives him a unique perspective on both the advisory and operational sides of businesses, allowing him to provide thoughtful, senior-level guidance to business owners, management teams, and investors. Bill remains actively involved in all aspects of client engagements, ensuring each process benefits from his deep industry knowledge and leadership.

Prior to entering investment banking, Bill spent several years with U.S. Bank Capital Markets where he personally arranged over $200MM in structured finance transactions. Bill earned his Masters Degree in accounting and received a BBA in finance from the University of Wisconsin-Milwaukee and has passed the CPA exam.

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