September 13, 2018 (Boston, MA) – Covington Associates, a leading middle market investment bank announced its role as financial advisor to Trident Components, LLC (“Trident”), a provider of specialty metal formed products and solutions, in the sale of its business to Sage Metals Private Limited (“Sage”), a portfolio company of Delos Capital (“Delos”) and leading manufacturer of specialty metal products.
The acquisition expands product offerings and manufacturing capabilities to customers of both companies. In addition, the combination strengthens Sage’s presence and distribution capabilities in North America.
“Sage is very excited about this acquisition. Trident will enhance our process and distribution capabilities to service our customers in North America. The rich experience of John and Jeff of Trident will be of immense value to Sage in pursuing its growth objectives in North America in the coming years,” said R. Krishnan, CEO of Sage.
John Perfetto, CEO and Co-Founder of Trident, said, “We are eager to get started with Sage and share our new capabilities with all of our customers. Sage has a great group of people and we are looking forward to working with them.”
Jeff Bowdish, President and Co-Founder of Trident, said, “This is a great fit for Sage and our customers.”
About Covington Associates
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991, with offices in Boston, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed more than 200 transactions globally for both private and publicly traded companies totaling over $15 billion. Further information about Covington Associates can be found at http://www.covingtonassociates.com/overview.
About Trident Components
Further information can be found at https://www.tridentcomponents.com/.