Select Stainless is Acquired by The McAllisters

Baltimore, MD, August 04, 2012 --(PR.com)-- Three Twenty-One Capital Partners, LLC (321 Capital Partners) announced today that it has successfully completed the asset sale of Select Stainless, a Production and Custom Stainless Steel Manufacturer, to Select Stainless Products, LLC owned by Larry and Betty McAllister, will continue operations in Matthews, NC.

Select Stainless, headquartered in Matthews, NC, manufactures Production and Custom Stainless Steel Foodservice and Health Care Equipment out of its 140,000 sq.ft. Product lines include a full range of stainless steel tables, shelves, sinks, and racks, as well as custom buffets, food display units, and industrial kitchen components.

Larry and Betty McAllister, of Dover, DE also own foodservice manufacturers Eagle Group, in Clayton, DE and American Creative Solutions, LLC in Savannah, TN.

321 Capital Partners provides solutions to middle market businesses including merger, acquisition, sale, equity or debt financing, and turn-around management. 321 Capital Partners’ principals are industry experts having owned, operated, bought and sold companies across virtually every spectrum of the manufacturing world. Further information is available at www.321capitalpartners.com.

Three Twenty-One Capital Partners LLC, headquartered in Baltimore, Maryland, is an international investment banking firm with over 30+ years of experience investing, owning, operating, buying, selling, and consulting over 400 companies, mostly in manufacturing and distribution.