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Paramax Corporation is pleased to announce the sale of Phoenix Metal Fabricating, Inc. to Canerector Inc.

About the Transaction

Founded in 1983, Phoenix Metal Fabricating, Inc. is a premier regional contract manufacturer of metal fabrications and metal stampings. Located in Jamestown, New York, the Company serves a diverse portfolio of customers throughout the Northeast in a variety of end markets, including: Industrial, Heavy Duty Trucking, Consumer, Medical/Scientific, and Technology markets.

Canerector is an industrial conglomerate headquartered in Toronto, Ontario, with 45 operating companies and 70+ locations across North America. Founded in 1947, the Company operates businesses that are focused in metal fabrication and industrial manufacturing. Phoenix Metal is a complementary strategic add-on that expands and bolsters Canerector’s metal fabrication business segment.

Paramax’ highly efficient sale process generated strong interest from both strategic and financial buyer prospects throughout North America. Paramax Corporation is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in Williamsville, NY with an International reach through its partnership with Globalscope Partners, a leading group of corporate finance and business advisors operating globally to support M&A transactions. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting.