BOSTON, MA— October
20, 2008 — Falcon Investment
Advisors LLC (“Falcon”) announced
the recapitalization of Accurate Metal Fabricators, Inc. (”AMF” or
“Company”), a full-service manufacturer of highly-engineered
precision metal fabrication solutions. Falcon partnered with President
John Kruger, AMF management, and several institutional
co-investors.
Headquartered in Seal Beach, CA, AMF (www.amf1.com)
has been in business for over 35 years and has
established itself as the leading manufacturer of
highly-engineered precision metal fabrication products
in California and Nevada. AMF serves a diverse base
of original equipment manufacturer (OEM) customers
in industries including medical equipment, gaming, and
information technology. With over 800 employees, AMF
operates four facilities, two in California and two in
Nevada with a combined 385,000 square feet of
manufacturing facilities.
The proceeds from Falcon’s investment were used to refinance the
Company’s existing debt,
provide growth capital for expansion, and fund shareholder dividends.
Falcon’s investment
consisted of several tranches of subordinated debt with warrants.
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