Mellott Company Acquired by Investment Partners

Mellott Company has been acquired by MFG Partners (MFG) and PNC Mezzanine Capital (PNC). Global investment bank Stout served as exclusive financial advisor to Mellott in connection with this transaction.

Founded in 1920 and headquartered in Warfordsburg, Pa., Mellott provides a full spectrum of integrated aggregate processing services and equipment, including new and used equipment and parts distribution, service, engineering and fabrication, contract crushing and Marion Machine. Mellott partners with a diverse range of top-tier customers and has become the trusted, go-to supplier of processing needs for the industry’s aggregate producers. The company’s new minority owners, the Mellott family, currently led by Paul C. Mellott Jr., have invested roll-over equity back into the company.

“We are extremely pleased with the outcome of this transaction and the insight and guidance provided by Stout,” said Paul C. Mellott Jr., chairman of Mellott.

“By partnering with MFG, we begin an exciting new chapter of growth for the company,” added Rich Blake, CEO and president of Mellott.

Jeff Mizrahi, partner at MFG, said, “We are extremely excited about our partnership with Mellott. Mellott represents a compelling opportunity to acquire the leading aggregates services and equipment provider with a premier reputation built over 100 years of industry service and four generations of Mellott family ownership.” 

Jonathan Schilowitz, partner, added, “MFG’s investment in Mellott reflects our philosophy of acquiring founder and family-owned businesses to support their growth over the long-term. The former owners of Mellott and its senior leadership team have built an incredibly strong foundation and we look forward to supporting the Company’s continued expansion.”

“Mellott has a storied history of excellence, success, and has honorably served the most important companies in the industry across decades,” said Stout Managing Director Steven Rathbone, who originated and led the transaction. “Mellott’s unique, diversified business model is a platform from which significant potential for value-creation opportunities will continue to arise. MFG and PNC bring both industry expertise and financial wherewithal to support continued growth as the company continues to serve this key North American industry. The collective investment track record will bring further excellence to the partnership in conjunction with Mellott’s management team led by Rich Blake and Mike Sappenfield.” 

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