PUBLIC NOTICE OF RECIEVERSHIP SALE: Maynard Steel Casting Company

WADSWORTH WHITESTAR
––––––––– CONSULTANTS –––––––––

ATTENTION: PROSPECTIVE BUYERS INTERESTED IN THE ASSETS OF

MAYNARD STEEL CASTING COMPANY
BY THE COURT APPOINTED RECEIVER, DEVON EGGERT,ESQ.

MAYNARD STEEL CASTING COMPANY (“Maynard” or the “Company”) is a 119-year-old Milwaukee based company recognized as a leader in the production of highly engineered, low-carbon alloy steel castings delivering finished components ranging from 1,000 to 35,000 pounds.

Maynard was founded in 1907 and acquired by the current ownership family in 1913. The Company occupies a 420,000 square foot manufacturing facility on 15.3 acres and also owns adjacent property of 4.33 acres with a storage facility that stores customer owned patterns. The Company currently has 97 employees.

Sales have declined from $27,698,425 in 2024 to $19.865,569 in 2025. Certain customers have informed management that orders would increase if there were indications that delivery times and quality were to be improved. Due to the sales volume being below the break-even point, the Company has experienced losses in 2025 and for the first quarter of 2026.

Continued concerns about financial performance coupled with investor fatigue led stakeholders to the conclusion that Maynard must be sold as a going concern. To facilitate this process while protecting the interests of the Company’s creditors, Maynard made a voluntary Assignment for the Benefit of Creditors and requested the appointment of a Receiver pursuant to Chapter 128 of the Wisconsin Statutes. On May 7, 2026, a Petition was filed to appoint Devon J. Eggert Esq. as Wis. Stats. 128 Receiver for Maynard. The Receivership process allows the Receiver to continue operating the business in the ordinary course until the Company’s assets are sold free and clear of all liens, claims and encumbrances, subject only to secured creditor consent and approval by the court.

The Receiver has retained Wadsworth Whitestar Consultants to oversee the Company’s continued operations and assist in the sale of its assets as a going concern. Accordingly, we are soliciting expressions of interest from qualified buyers prepared to move quickly in pursuit of this unique acquisition opportunity. The Receiver has instructed us to expedite the sale process and would like to close a transaction within 60 days. If you are interested in this opportunity, please contact the undersigned at your earliest convenience in order to obtain a Confidentiality Agreement. Following our receipt of an executed Confidentiality Agreement, due diligence information will be made available and site visits will be arranged upon request.

For additional public information regarding Maynard, please visit the Company’s website: www.maynardsteel.com