Boston Rack International has merged with Base Manufacturing to form Elite Storage Solutions
Boston Rack International, a leading integrator of commercial racking systems, and Base Manufacturing, a leading manufacturer of structural and roll-formed racking, are joining forces to create Elite Storage Solutions, Inc. Alan Fullerton advised both companies on the merger.
Peter Murphy of Boston Rack has become Chairman and CEO of Elite Storage Solutions while Steven South of Base Manufacturing has become President and COO of Elite. “By merging with Base Manufacturing we will be able to join forces and provide our customers the quality,
efficiency, and depth of products that our competitors are not able to offer”, Murphy said, “The merger gives both companies a greater reach into the warehouse materials handling industry and the ability to provide greater value to customers.”
Base President and CEO Steve South said: “Base Manufacturing now has the opportunity to bring our extensive range of high quality roll formed and structural products to Boston Rack’s customer base, and also have access to Boston Rack’s suite of engineering and technical services. In today’s market, only the strong will survive, and our companies have the products and services not only to be a survivor but also to be an industry leader.”
The merger now creates one of the largest companies in the commercial racking industry in the United States.
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Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.Back to Transactions