Norfolk Iron & Metal Acquires Straub Metal International

Charter Manufacturing Acquires Niles Iron & Metal Company

July 30, 2024

Manufacturing

Charter Manufacturing, a family-owned metals manufacturing group headquartered in Mequon, Wisconsin, has acquired Niles Iron & Metal Company, a regional scrap metal recycler based in Niles, Ohio. Brown Gibbons Lang & Company served as exclusive financial advisor to Niles Iron in the transaction, which brings together two multi-generation, family-owned metals businesses to capture operational synergies across the Midwest and Northeast.

Kloeckner Metals Acquires Industrial Manufacturing Services

November 2, 2023

Manufacturing

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.

Newbury Franklin Industrials Acquires Metaltech Service Center, Inc.

April 28, 2023

Industrial Services

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.

Sims Metal Acquires Northeast Metal Traders

March 21, 2023

Industrial Services

Sims Metal, a division of Sims Limited, will acquire the commercial and operating assets of Pennsylvania-based Northeast Metal Traders (NEMT) in a bolt-on deal expected to close in mid-April 2023. The acquisition expands Sims Metal North America’s non-ferrous/copper recycling footprint in Philadelphia, adding approximately 60,000 tons per year of processed non‑ferrous metal and expected commercial and operating synergies.

The Lawton Standard Co. Acquires Northern Iron & Machine

August 12, 2022

Manufacturing

The Lawton Standard Co. acquired Northern Iron & Machine (NIM), a St. Paul, Minnesota full-service foundry, in a transaction that closed August 12, 2022. The acquisition adds casting size and machining capabilities to Lawton's vertically integrated foundry platform and is intended to expand sourcing options and service offerings for both companies' OEM customers. The seller was led by retiring CEO Scott J. Hamlett.

NIM Group Acquires Plateplus's Tulsa, Oklahoma Plant

April 29, 2022

Industrial Services

NIM Group, a family-owned network of steel service centers, entered into a definitive agreement to acquire Plateplus, Inc.'s Tulsa, Oklahoma facility, with the transaction expected to close April 29, 2022. The acquisition expands NIM Group's footprint (bringing it to 18 locations) and follows an earlier acquisition of Plateplus's Windsor, Colorado plant earlier the same year.