For Immediate Release:
Charlotte, NC - Business Acquisition and Merger Associates (BAMA) is pleased to announce the acquisition of the assets of Taggart Enterprises, Inc. dba StampSource by Power Partners, Inc. Operating in Charlotte, NC, StampSource is a high-value metal fabrication and stamping company. Power Partners owns Gap Partners, Inc., a precision metal fabrication business in Rabun Gap, GA.
"While BAMA brought us several qualified buyers, in the end, we're really happy that we chose Power Partners and we believe they represent an excellent platform for future growth," noted President and Founder of StampSource, Larry Taggart.
"We were really impressed with the business Larry and his team built. Power Partners is excited about what this means for our customers - expanding our capabilities and driving new initiatives," commented Steve Hollis, Chairman of the Board & Executive Vice President of Development for Power Partners.
BAMA acted as an advisor to StampSource. Financial terms for the transaction are undisclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand their geographic footprint or add strategic products and capabilities.
StampSource, a Charlotte, NC business, is a value-added, ISO-certified provider of metal fabrication and stamping. Offering strong technical support, diverse services and a quick response, StampSource is a trusted vendor for a variety of regional and national companies. Their capabilities include laser cutting, CNC stamping, metal forming, welding, tool and die support and assembly.
Power Partners, Inc. is an ISO-certified manufacturer of overhead distribution transformers. Headquartered in Athens, GA, Power Partners is recognized for its exceptional manufacturing capabilities, outstanding customer service and innovative green initiatives. Power Partners owns Gap Partners, Inc. a precision metal fabrication facility specializing in complex assemblies and requirements.