Santamarina y Steta has advised Aterian Investment Partners, a capital market company, in the acquisition of Pioneer Metal Finishing, a leading provider of outsourced anodizing and plating services in North America. The deal closed July 31st.
“We are excited to add Pioneer to the Aterian portfolio and for the opportunity to collaborate with management as the Company’s enters the next chapter in its long history. We intend to facilitate management’s efforts to invest in key growth initiatives across new products and regions and by doing so support the company’s existing reputation for outstanding customer service.” said Brandon Bethea, a partner at Aterian.
The partnership between Aterian and Pioneer will allow for Pioneer to supercharge into its next stage of growth with an ownership group focused on operations and performance. Both companies intend to invest in key growth initiatives across new products and regions to support Pioneer’s existing reputation for outstanding customer service.
SyS, through its partner Carlos Argüelles, assisted by associates Lisa Carral, Andrea Cavazzani, Miguel Ángel Cantú and Daniel Legaspi, served as Mexican legal advisor to Aterian.
Weil, Gotshal & Manges and SCA Transaction Services served as US counsel and accounting advisor to Aterian respectively.
Godfrey & Kahn S.C. served as US counsel, Baker Tilly as US accounting advisor and Livingstone Partners as financial advisor to Pioneer.