Montage Partners acquires METALfx

Montage Partners, a Scottsdale, Ariz.-based private equity firm, has announced its acquisition of Advanced Manufacturing and Development Inc., dba METALfx, from a subsidiary of Avista Corp.

Based in Willits, Calif., METALfx is a provider of precision sheet metal fabrications, enclosures, and assemblies. Its existing management team will continue to lead the company and will own a meaningful equity stake in the business.