Minnesota-based Ermak Foundry and Machining has acquired Patriot Foundry & Castings in Franklin, NH, a specialty producer of nonferrous sand castings; and RDS Dock Hardware, also in Franklin, NH, which casts aluminum docks, decks, and bridge hardware.
The value of the transactions, completed in early February, was not announced. For Ermak Foundry, the acquisitions follow its 2019 purchase of Northwest Casting Inc., St. Paul, MN, and ongoing improvements to its casting capabilities.
Patriot Foundry’s sellers were Chris and Debbi Leuteritz, and the transaction was coordinated by Generational Equity, a private investor group. “The new ownership of Patriot is a great fit,” the broker stated. “Ermak has the management and operational expertise to take this company to the next level. It was a pleasure to lead this M&A transaction”
Ermak Foundry and Machining general manager Eric Sloan said the group’s “access to capital and experience adding automation across the enterprise allows for future expansion of Patriot and RDS Dock Hardware. With this acquisition, we will have nearly quadrupled the size of the company in four years. We’ve been focused on automating both the shop floor and back office, so we have a strong foundation from which to scale the companies.”
Ermak Foundry, Chaska, MN, offers no-bake and green-sand-cast and permanent-mold aluminum castings for various markets (general industrial, recreational, construction, utility, and agricultural manufacturers.) It also offers machining and heat-treating services.
Patriot Foundry’s customers are concentrated in the Northeast U.S., and include defense programs, packaging, communications, aerospace, automobile, and multiple other market segments.
Seth Cutler, president of Ermak, commented: “The acquisition of Patriot was a logical next step after the integration of Northwest Casting’s permanent mold/gravity-fed diecast and in-house heat-treat capabilities last year. Our emphasis has expanded to other nonferrous alloys in tandem with the installation of our automated molding and sand testing systems.
“Patriot expands our aluminum capability geographically, as well as expertise in brass, bronze, zinc, and other copper-based alloys,” he continued, “plus the capability for assembly of complete parts.”