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
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Addon
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