Duco Capital Acquires Klesk Metal Stamping

Minneapolis, Minnesota - Duco Capital is pleased to announce the acquisition of Klesk Metal Stamping, which closed on April 28th, 2023. Founded in 1963, Klesk Metal Stamping is a family-owned precision metal stamping operation for aerospace, defense, and medical manufacturers, with a stellar reputation for quality, consistency, and safety. Duco is excited to continue and build upon Klesk’s strong reputation and preserve a 60-year legacy. “Klesk Metal Stamping has been an employee first, ‘job shop’ at heart, since our inception in 1963,” said Bret and Duke Klesk. “Through a long and heartfelt process, we were fortunate enough to find a new, like-minded leadership team to take Klesk Metal Stamping to the next level and beyond!”

Duco Capital has hired Jeff Marone as the new CEO to oversee the growth of the business. “I am humbled and honored with the opportunity to lead the talented, dedicated, and experienced Klesk Metal Stamping team. What the Klesk family created, successfully built, and sustained over three generations is simply impressive – their reputation among customers for quality, service and partnership is outstanding,” said Jeff Marone. “The consistent and professional approach of Duco Capital with their focus on growth, culture, and leadership attracted me to this opportunity. I am fortunate to have high-quality partners in Caleb, Paul, and Ryan.”

Duco would like to thank their partners on this transaction: Winthrop and Weinstine for providing legal counsel, financing partners Highland Bank and Medallion Capital, and Eisner Amper for financial diligence. True North M&A and Zappia & LeVahn, Ltd. represented the sellers.