Anchor Partners Acquires Quality Industries to Become One of the Largest Privately Held Manufacturers in the Southern United States

DALLAS and NASHVILLE, Tenn., March 7, 2019 /PRNewswire/ -- Anchor Partners, headquartered in Dallas, Texas, announced today the acquisition of Quality Industries, headquartered in LaVergne, Tennessee, with a second location in Denton, Texas. The addition of Quality Industries to the Anchor Partners (Anchor) family of companies, including Anchor Fabrication, Abby Manufacturing, and BOH Environmental, makes Anchor one of the largest privately owned manufacturers in the southern United States, with over one million square feet of manufacturing and metal fabrication space.

The Anchor family of companies combines a manufacturing strategy targeting the defense, transportation, elevator, rail, and oil and gas industries. Anchor now has operations in Texas, Tennessee, Mississippi, Alabama, Virginia and Louisiana.

"Quality Industries represents an opportunity to leverage Anchor's operational expertise and capital to increase service to our customers," said Tra Willbanks, CEO Anchor Partners. "Quality Industries has a fantastic management team, expert engineers and technicians, state-of-the-art metal fabrication equipment, and industry-leading customers, but what really sealed the deal for us is the culture. Their values align with the guiding principles of the Anchor family: Go Beyond, Create, Commit, Care and Act With Purpose.

"We are excited to build on the incredible 50-year legacy and history the Russell family established at Quality. The combined businesses take us to over one million square feet of space, forming one of the largest metal manufacturers and fabricators in the South serving industries including material handling, oil and gas, construction, railroad, defense, heavy truck, bus, and off-highway markets in the U.S."

"Being part of Anchor will help Quality Industries continue to grow and remain the supplier of choice and the long-term partner our OEM customers are seeking," said Gary Carter, President of Quality Industries. "We are growing our capacity in expertise and assets – increasing production scale and volume, optimizing overhead costs, and realizing manufacturing efficiencies. It's a win-win for our team of employees and customers."

Quality Industries will continue to operate as a wholly owned subsidiary of Anchor Partners.

ABOUT ANCHOR PARTNERS
Anchor Partners is a Dallas, Texas, based holding company for a family of enterprises focused on customized metal manufacturing solutions. Anchor Partners specializes in acquiring manufacturing organizations with a proven performance record and a positive, growth-oriented culture. Anchor Partners' investments are located primarily in the Southwest and concentrate on building small to large sized parts and assemblies for domestic based OEM's and the U.S. Government.

ABOUT QUALITY INDUSTRIES
Quality Industries is a Nashville, TN, and Dallas-area, TX, based company specializing in metal fabricated products and services. Quality Industries deploys a broad array of punching, cutting, welding, forming, bending and stamping systems, complemented by in-house finishing, powder-coating and custom-assembly capabilities. Quality Industries offers a full range of services under one roof – designing planning, machining, production, inspection, testing, and delivery of precision parts and products. Quality Industries is an independent brand subsidiary of Anchor Partners.

SOURCE Anchor Partners

Related Links

http://www.anchor-investments.com/partners

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