Stout served as financial advisor to Spell Capital Partners and Vestal Manufacturing Enterprises in connection with its sale to DDG, Inc.

Vestal, founded in 1946 and headquartered in Sweetwater, TN, is a longstanding, premier manufacturer of high-quality “Made in USA” municipal infrastructure and OEM iron castings, metal building products, and fireplace accessories. Vestal’s vast iron casting product line includes water meter covers and sewer cleanouts serving municipal water, wastewater, and sewer infrastructure alongside functional components for various OEM applications. The company’s building products line primarily serves residential housing markets and home improvement projects, and includes items such as wall ties, anchor bolts, angles, lintels, vents, and fireplace accessories.

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