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CHICAGO , Nov. 15, 2022 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Gerber Metal Supply Company (Gerber ), a regional niche distributor of metal products, to All Metals Industries Inc. (AMI), a portfolio company of Salt Creek Capital. BGL's Metals & Metals Processing investment banking team served as the exclusive financial advisor to Gerber in the transaction. Hardened&Tempered Steel Strip
BGL's Metals & Metals Processing team served as the exclusive financial advisor to Gerber in the transaction.
Founded in 1963 and based in New Jersey , Gerber is a regional distributor of carbon sheet steel products, strips, blanks, and edge processed material. The company began in a 100-year-old building with a $2,000 investment, processing customers' material utilizing a second hand-shear, and evolved into a flat rolled service center with increased processing equipment and a fleet of company- owned delivery trucks.
Headquartered in Belmont, New Hampshire , AMI is a leading finisher and distributor of carbon, aluminum, stainless, and coated sheet/coil products to customers throughout the Northeastern region of the United States . AMI provides metal products including cold rolled steel, galvanized steel, hot rolled P&O steel, stainless steels, and aluminum.
BGL's Metals & Metals Processing team leveraged its deep experience advising metals service centers to identify the ideal partner for Gerber . With the company's co-founders looking to transition to retirement, it was important to find a partner who would not only continue the legacy of the business they had built for nearly 60 years, but also take it to the next level.
BGL's Metals & Metals Processing team, led by Vince Pappalardo , has deep sector knowledge and extensive transaction experience within major subsectors of the broader metals industry, representing both ferrous and nonferrous metals businesses. Coverage includes service centers, mills and foundries, manufacturing, and recycling.
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago , Cleveland , Los Angeles , and New York , and real estate offices in Chicago , Cleveland , and San Antonio . The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.
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