Yellow Cardinal Mergers & Acquisitions Announces Strategic Investment into Victory Machine & Fabrication

About the Transaction

Yellow Cardinal Mergers & Acquisitions is pleased to announce a strategic investment into Victory Machine & Fabrication, LLC from Heartland Growth Partners, a private investment firm backed by owner-operators of industrial companies. Victory is a leading provider of millwright and rigging, machining, and metal fabrication services based in Sidney, Ohio. Aaron Wilcox, Victory’s largest individual shareholder and the son of company founder Roger Wilcox, will continue to serve as President & CEO.

Heartland’s unique approach is to invite owners of complementary industrial businesses to co-invest as limited partners (“LPs”), providing portfolio companies with operational expertise, strategic guidance, and entry to new markets.

“Many private equity firms buy companies and manage them with a purely financial mindset,” said Max Brickman, Heartland Managing Partner. “We believe we can create a deeper, more lasting impact by involving industry peers who each have a personal stake in the company’s success. Our model, which combines capital and hands-on expertise, will help Victory unlock its potential.”

“Victory has come a long way since my dad began machining parts in our garage, but we’re just getting started,” said Wilcox. “Heartland’s network and expertise will help us significantly expand capacity, adopt new technologies, and grow strategically, all while remaining committed to Sidney, a community that has supported us from the start.”

Victory was advised by Yellow Cardinal Mergers & Acquisitions. “The team at Yellow Cardinal did an excellent job. The team was an absolute blessing to work with. They took the time to really understand the complexity and the caveats of our business to ensure that we were being presented the correct way to partners who would enhance our brand and mesh with our model,” said Wilcox.*

About Victory Machine & Fabrication

Victory is a leading provider of millwright and rigging, machining, and metal fabrication services. With nearly 25 years in business and based in Sidney, Ohio, the company has earned a reputation for delivering high-quality products and solutions to customers across the Midwest.

About Heartland Growth Partners

Heartland is a middle market private equity firm, backed by owner-operators of industrial companies, that provides portfolio companies with strategic capital, technology insights, and operational support. The firm is based in Columbus, Ohio, and invests in businesses across industrial services, manufacturing, and related sectors.

About Yellow Cardinal Mergers & Acquisitions

Yellow Cardinal Mergers & Acquisitions was the exclusive financial advisor to Victory Machine & Fabrication in connection with the sale of the Company. Yellow Cardinal assists buyers and sellers in navigating the complexities of M&A transactions. With over 150 years of combined experience, Yellow Cardinal has a wide range of capabilities and expertise including sell-side merger and acquisition, buy-side strategy and execution, and business succession services.

* Testimonials may not be representative of the experience of other clients of Yellow Cardinal Mergers & Acquisitions and are not a guarantee of future performance or success.