Dixie-Southern Arkansas LLC has retained Heritage Equity
Partners to help seek a buyer, investor or joint-venture
partner for its Springdale, Ark., operation.
direction of the company has changed. They feel like its
a good location to fulfill orders in the Midwest, the West and
the Southwest (but) its too much to handle right now,"
Matt LoCascio, managing director at the Easton, Md.-based
investment banking firm, told AMM.
"Ownership has decided
to divest the Arkansas facility and primarily focus on its
current operations in Florida, but would support a new operator
by sourcing projects in the Midwest, Southwest and all western
locations better fulfilled from this facility," LoCascio
Dixie-Southern, doing business as Triple S&P Inc., expanded
into Arkansas in 2011 (
amm.com, Sept. 1, 2011).
"This is an excellent
opportunity to acquire a dedicated and experienced work force
in place, excess capacity, at a premium location," LoCascio
The Arkansas plant,
which operates out of two leased facilities on 50,000 square
feet, fabricates industrial process components with a variety
of metals and alloys, including carbon steel, stainless steel,
aluminum and nickel alloys. It also provides a full range of
coatings, linings, painting and testing.
The operation produces
vessels, tanks, large-diameter pipe, exhaust stacks and other
industrial mechanical components.