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JR Custom Sold With Assistance From FORVIS Capital Advisors

FORVIS Capital Advisors announces it advised JR Custom Metal Products, Inc. in its sale to Anchor Fabrication.
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JR Custom has been acquired by Anchor Fabrication, a portfolio company of Anchor Partners | The undersigned acted as financial advisor to the seller in this transaction

FORVIS Capital Advisors (FCA) is pleased to announce it advised JR Custom Metal Products Inc., a Wichita, Kansas-based manufacturer of turnkey, custom metal fabrication products, in its sale to Anchor Fabrication, an operating subsidiary of Anchor Partners.

Founded in 1974 by Jesus Raul Martinez, Sr., the one-person metal fabricator shop has grown exponentially in the years since to become one of Wichita’s leading family-owned companies with closely held values. JR Custom has become a leader in the design, creation, modification, repair, large production runs, and high-precision manufacturing of custom metal products. The company’s custom products include material handling equipment (MHE) and production support equipment for large original equipment manufacturer (OEM) companies and a variety of industries.

A long-time audit and tax client of FORVIS, LLP, JR Custom engaged FCA in August 2022 to establish a succession plan with a partner that could help the company continue to grow, achieve a successful transition of ownership, and help ensure its employees would continue to thrive. FCA managed a competitive sales process, facilitating and leading negotiations with strategic and financial buyers which would deliver shareholder value and position support for the company’s future growth. As a fellow family-owned and operated business with shared values and a similar culture, the Dallas, Texas-based Anchor Partners was the perfect partner to carry forward the JR Custom legacy and propel the company’s commitment to providing top-quality products and client-oriented services.

The Anchor family of companies combines a manufacturing strategy targeting the defense, transportation, elevator, rail, agriculture, and oil and gas industries. Anchor now operates in Texas, Tennessee, Mississippi, Kansas, Alabama, Virginia, and Louisiana. Anchor was accommodating in working toward a transaction and tax structure beneficial to both parties and will continue to offer the same leading benefits to employees.

About FORVIS Capital Advisors

FCA is a leading broker-dealer and investment banking firm serving the investment banking and corporate finance needs of middle-market companies. FCA provides sophisticated merger and acquisition consulting, capital formation, and succession planning services to family-owned, entrepreneur-led, and closely held businesses. FCA has investment professionals located across the U.S. with deep industry and transaction experience. With access to the national resources of FORVIS, LLP, our dedicated FCA team has the experience and resources to assist you in determining the liquidity or growth strategy to help you unlock and create value for your business.

For Transaction-Related Inquiries

If you have any questions or need assistance, please reach out to an FCA professional.

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