Farragut Announces Acquisition of Accurate Fabrication

WASHINGTON, D.C. – Farragut Capital Partners, Inc. is pleased to announce the acquisition of Accurate Fabrication, LLC (“Accurate” or the “Company”), in partnership with ZJM Equity LLC (“ZJM”), Broadgate Capital LLC (“Broadgate”), and the Company’s incoming President, Eric Welak.  Farragut provided a combination of senior subordinated debt and preferred equity in support of the transaction. 

Founded in 1992 and based in Hartford, Wisconsin, Accurate provides precision metal fabrication, using state-of-the-art equipment and production methods.  Operations include laser cutting, punching, bending, welding, and assembly.  Accurate has built a strong reputation providing OEMs with high quality parts and service.  The buying group is excited to leverage the Accurate platform for further acquisitions in the metal fabrication industry.

Eric Welak, President of Accurate Fabrication stated, “I want to thank the Farragut team, Dan, and Raji for their support in closing this transaction.  I am excited to work with them and the Accurate Fabrication leadership team to continued growth with our current customer base and new clients in the future.”

Javier Aguirre of Farragut said of the transaction, “We’re thrilled to partner with Eric and the existing Accurate team to support the Company in its next stage of growth.  Eric brings several decades of experience with the country’s largest metal fabricator and his involvement will help Accurate solidify its leading position in Wisconsin and expand offerings for customers. We are excited about this new partnership and the growth prospects for the business.”        

Raji Singh of Broadgate added, “Dan and I are thrilled with the outcome of this transaction and excited about the opportunity to partner with Farragut and Accurate’s management team in expanding our customer base and geographical footprint moving forward.”        

Farragut and the rest of the buying group were represented on the transaction by McGuireWoods LLP.

The investment was made from the firm's second SBIC fund, Farragut SBIC Fund II, L.P. .