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Media Contact:
Merrisa Milliner
713.789.7077
milliner@doeren.com
FOR IMMEDIATE RELEASE
Houston M&A Advisors Assist in Sale of Economy Metal Works
HOUSTON – Aug. 31, 2014 – The Houston M&A advisors at Doeren Mayhew Capital Advisors, a
middle-market investment banking firm, recently assisted Economy Metal Works in selling its assets to
Fortitude Specialty Manufacturing.
Economy Metal Works is a custom metal fabricator serving the oil and gas industry in Houston since
1931. Serving as exclusive financial advisor, Doeren Mayhew Capital Advisors guided the client through
all aspects of the transaction, which culminated in an earnout agreement between the two sellers and the
new buyer.
“This acquisition provides an avenue for Fortitude Specialty Manufacturing to expand into a value-added
manufacturing niche within the energy sector,” said Steven Silverman, a Houston managing director at
Doeren Mayhew Capital Advisors. “With the vice president of sales instrumental in the company’s recent
success remaining on board post-sale, this was a perfect example of connecting buyer needs and seller
wants for a winning transaction.”
About Doeren Mayhew Capital Advisors
Doeren Mayhew Capital Advisors is a middle-market investment banking firm serving businesses across
North America and around the globe. In the investment banking business for more than 30 years, our
licensed investment bankers and M&A advisors offer a full range of buy- and sell-side services across
virtually all industries. With primary locations in Michigan, Houston and Ft. Lauderdale, our national
deal resources within 19 U.S. offices have collectively worked more than 500 transactions. Securities
offered through Decosimo Corporate Finance, LLC. Member FINRA/SIPC. Doeren Mayhew is an
independent firm affiliated with Moore Stephens International Limited. For more information, visit
www.doerencapital.com.
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