Chancey Metal Products, a Jacksonville-based company that fabricates and installs metal stairway and railing systems, has been acquired by Indigo South Capital, a private family office also based in Jacksonville.<\/p>\n\n\n\n
Founded in 1986, Chancey focuses on the multifamily industry, with products also including fencing and structural steel.<\/p>\n\n\n\n
Founder Lee Chancey will continue to be involved in the business after the sale, details of which were not disclosed.<\/p>\n\n\n\n
“Our team has worked hard for many years to earn our customers’ trust. Indigo South Capital couldn’t have a better group of people to continue our company’s growth,” he said in a statement.<\/p>\n\n\n\n
Steve Jenkins, who provides permanent and temporary executive leadership through Jensco Management Services, will take over as president.<\/p>\n\n\n\n
“We are honored to build on the foundation that Lee and everyone at Chancey Metal has built,” Jenkins said. “With a strong management team and a new group of Jacksonville-based owners, we are in an excellent position to continue the company’s legacy.”<\/p>\n\n\n\n
Heritage Capital Group was the exclusive financial advisor to both Chancey and Indigo.<\/p>\n\n\n\n
Indigo invests in public and private equities, venture capital opportunities, and real estate. It specializes in acquiring majority interests or outright purchasing privately held enterprises in the lower middle market.<\/p>\n","protected":false},"excerpt":{"rendered":"
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