PW&Co Role
PW&Co acted as the exclusive sell-side advisor to Franklin Iron Works, Inc. and Alabama Castings, LLC (collectively “Franklin Iron” or the “Company”) in their sale to Druid Capital Partners and Elyton Capital.
Summary
Based in Thorsby, AL, Franklin Iron was founded in 1975 as the Tommie Corporation, and is a leading manufacturer of small, high-quality, ductile iron castings used across many industries including utilities, agriculture, heavy trucking, piping, valves, tooling, and construction. Franklin Iron is recognized across the southeast for the quality of its work and has built a strong reputation in the industry. The Company employs 145 individuals across two facilities in Alabama: one in Thorsby, and another in Aliceville. Led by Allen and Peggy Franklin, the Company has enjoyed great success over the years, and in recent years daughter and son-in-law, Kellyn and Travis Vines, have assumed management of the business.
PW&Co acted as Franklin Iron’s exclusive sell-side investment banker. The investment banking team was led by Michael Stone with support from Zac Venos.
