Exact, Inc. has been acquired by Chancey Metal Products

July 2023 — The shareholders of Exact, Inc. have sold the company to Chancey Metal Products.

Exact was founded in 1964 in Jacksonville, Florida, as a manufacturer of precision sheet metal and provides assembly for the electronic and communication industry. The company offers CNC (computer numerical control) machining and punching, laser cutting, zinc plating and mechanical assemblies.

Chancey is a Jacksonville-based fabricator and installer of metal stair and railing systems. The acquisition of Exact is its fifth acquisition over the past four years. Prior to its most recent acquisition, Chancey acquired fellow Jacksonville companies CF Machine & Tool, FabTech Supply, and SS Metals and Plastics. Chancey is a portfolio company of Indigo South Capital, a private family office located that invests in public and private equities, venture capital opportunities and real estate.

Our role in the transaction

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.

Service

M&A sell-side

Parties

“For over two decades, Oaklins Heritage has provided our growing family business with guidance and support. Their expertise was crucial in crafting an exit strategy that seamlessly transitioned family leadership while securing a great opportunity for our employees and remaining family members within a growing, local company. This sale provided the optimal outcome for our business, family and employees. Oaklins was key in finding the right partner to continue our 60 years of manufacturing experience into the future.”

Will Allen

President, Exact, Inc.

Talk to the deal team

Don Wiggins

Principal

Jacksonville, United States
Oaklins Heritage

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Howard Serkin

Principal

Jacksonville, United States
Oaklins Heritage

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Robert Cilek

Director

Jacksonville, United States
Oaklins Heritage

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