in a large number of transactions
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FORT LAUDERDALE, Fla. – Fort Lauderdale-based investment banking firm Farlie Turner & Co. announced today that it served as exclusive financial advisor to New York-based Utica Alloys, Inc., in its recent sale to ELG Haniel GmbH.
Founded in 1965, Utica Alloys is a leading processor of scrap materials for the vacuum melt super alloy market segment. With facilities in North America, Europe and China, the Company processes super alloy scrap materials – including nickel, stainless steel and titanium bearing scrap – primarily for the global aerospace industry.
"Farlie Turner’s process management capabilities were invaluable in leading our management team through the sale process,” said Joe Jiampietro, the President of Utica. “They continually focused on my objectives as a shareholder and were integral to the outcome and success of the transaction," he added.
With operations in North America, Europe, Asia and Australia, ELG Haniel GmbH is involved in the trading and recycling of raw materials for the stainless steel industry. ELG is a division of the Haniel Group, one of the largest privately owned companies in Germany.
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies.
Terms of the transaction were not disclosed.