True North Mergers & Acquisitions Facilitates Duco Capital, LLC Acquisition of Klesk Metal Stamping
True North Mergers & Acquisitions today announced that Duco Capital, LLC has purchased Klesk Metal Stamping. Both companies are based in Minneapolis. True North Mergers & Acquisitions facilitated the transaction, which closed on April 28.
Founded in 1963, Klesk Metal Stamping specializes in metal stamping, fabrication, and precision manufacturing and employs approximately 45 people. The company has been in the Klesk family for three generations, and the current owners were ready to retire. “We were pleased to be able to bring together these two companies to facilitate this transaction,” said Erica Gilson, managing director of True North Mergers & Acquisitions. “Duco Capital, LLC is a veteran- owned company that brings excellent leadership qualities and knowledge to maintain the current Klesk Metal Stamping customer base and grow the company as well.”
“The sale of our family-owned business was like going into uncharted waters for us and one of the most
difficult decisions of our lives,” said Bret and Duke Klesk. “Our team at True North Mergers & Acquisitions made this process much more comfortable and easier than we expected. Their combination of high-level professionalism and personal touch gave us much confidence in knowing we made the right decision to go with True North. We could not have asked for a smoother transition taking us into the next stage of our journey. “We think True North Mergers & Acquisitions did a great job of ensuring that Bret and Duke Klesk found a capable buyer who will responsibly grow the business while preserving their family’s legacy, and we are very excited to take Klesk Metal Stamping to the next level,” said Ryan Alberg and Caleb Schmidt of Duco Capital, LLC.
“True North Mergers & Acquisitions kept the sellers focused on critical transaction points and providing the information needed to keep the transaction moving forward and closed in a timely fashion” said Alberg and Schmidt.
The True North Mergers & Acquisitions team members involved in the transaction included Senior M&A
Advisor Rick Elliott, Senior M&A Associate Kirill Graminschi, and M&A Associate Roan Morgan. ABOUT TRUE NORTH MERGERS & ACQUISITIONS – True North Mergers & Acquisitions, formerly the lower middle market M&A practice within Sunbelt Business Advisors, is a practice focused on providing mergers and acquisitions advisory services for companies with annual revenues ranging from $5 million to $150 million-plus. True North Mergers & Acquisitions was formed to capitalize on the M&A expertise that Sunbelt Business Advisors has developed and on the success the company has had in middle-market transactions.