DBM Global (HC2) Acquires Banker Steel from Atlas Holdings
May 27, 2021
Atlas Holdings has completed the sale of portfolio company Banker Steel to DBM Global Inc., an operating subsidiary of HC2 Holdings, Inc. Banker Steel, a Lynchburg, Virginia-based structural steel fabricator and erector, expands DBM Global/HC2's east‑coast fabrication footprint and construction service capabilities. Atlas invested in Banker Steel in 2014 and grew the business through organic expansion and seven bolt-on acquisitions prior to the sale.
- Buyers
- DBM Global Inc., HC2 Holdings, Inc.
- Targets
- Banker Steel
- Sellers
- Atlas Holdings
- Industry
- Construction
- Location
- Virginia, United States
- Transaction Type
- Divestiture
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