Union Corrugating (backed by Patriot and IOP) Invests in Reed's Metals
March 5, 2019
Union Corrugating Company, backed by Patriot Capital Group and Industrial Opportunity Partners (IOP), has made an investment in Reed's Metals. Bernie Reed and Reed's management retain ownership stakes and will remain in leadership; the two businesses will operate as distinct units while collaborating to expand product offerings and leverage the supply base. Patriot provided additional debt financing alongside Regions Bank.
- Buyers
- Union Corrugating Company, Patriot Capital Group, Industrial Opportunity Partners
- Targets
- Reed's Metals
- Sellers
- Bernie Reed (Founder) and Reed's Metals management
- Platforms
- Union Corrugating Company
- Industry
- Building Products
- Location
- Mississippi, United States
- Transaction Type
- Addon
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