Transaction Overview
- Represented Metal-Fab, Inc. in the sale to Olympic Steel (NASDAQ: ZEUS).
- Metal-Fab is a leading manufacturer of HVAC venting solutions and industrial air filtration systems serving diverse customers across residential, commercial and industrial markets. Products are sold through a multi-channel sales network (sales reps, distributors, OEMs) providing nationwide coverage and supported by four third-party distribution locations. Metal-Fab was a third-generation owned family business founded in 1958.
- Olympic Steel provides metals processing and distribution services through three primary segments: metals flat products, carbon flat products, and tubular and pipe products.
Key Observations
- Olympic Steel was attracted to Metal Fab’s consistent earnings model and recession-resistant model.
- Metal Fab’s manufacturing expertise and breadth of metal-intensive products are an excellent complement to Olympic Steel’s strategy to broaden its product offerings, manufacturing capabilities and geographic reach.
Drivers of Interest
- Broad product portfolio spanning a full range of venting components and accessories.
- Versatile, multi-channel go-to-market strategy with national reach.
- Superior lead times and exceptional customer service.
- Resilient business model anchored by diverse customers and markets along with MRO demand.
- Exceptional financial performance spanning over 20+ years.
- Experienced and dedicated management team and employee base.
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