Stout served as the exclusive financial advisor to A.Y. McDonald Industries on its acquisition of JCM Industries, Inc.

JCM is a highly specialized design, engineering, and manufacturing business that produces fittings for various types of new and existing pipe infrastructure and repairs for critical water and wastewater end markets in the U.S. and internationally.

A.Y. McDonald, founded in 1856 and headquartered in Dubuque, IA, is one of America’s 100 oldest family businesses. The company is a leading manufacturer of waterworks, plumbing, pumps, and natural gas products.

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