Newbury Franklin Industrials Acquires Metaltech Service Center, Inc.

April 28, 2023

Newbury Franklin Industrials (NFI), a value-added supplier of consumable industrial components, has acquired Metaltech Service Center, Inc., a hybrid steel service center and value-add processor headquartered in Houston. Metaltech CEO Brad Koenig will remain as CEO to execute growth plans while NFI (a platform backed by Ironwood Capital) intends to leverage its broader product portfolio and distribution capabilities to cross-sell and expand Metaltech's sales pipeline.

Buyers
Newbury Franklin Industrials, Ironwood Capital
Targets
Metaltech Service Center, Inc.
Sellers
Metaltech Service Center, Inc. shareholders (Brad Koenig, Bill McCann, Greg Rayburn)
Platforms
Newbury Franklin Industrials
Location
Texas, United States
Transaction Type
Addon

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