Olympic Steel has acquired Metal-Fab, Inc for $131 Million
Copper Run advised Olympic Steel on its $131M acquisition of Metal-Fab. Olympic Steel, a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products, is headquartered in Cleveland, Ohio, and operates more than 40 facilities in North America.
Founded in 1958, Metal-Fab, Inc operates two warehousing and fabrication facilities in Wichita, KS. Metal-Fab will continue to operate as Metal-Fab, an Olympic Steel company, under the leadership of Olympic Steel. Metal-Fab prides itself on leading the residential and commercial ventilation industries.
“We are excited to welcome the Metal-Fab team to Olympic Steel. Metal-Fab brings strongly aligned values and operating principles as well as a great track record of producing quality venting and filtration products with steady, consistent results. Copper Run was a valuable resource that provided guidance and hands-on support every step of the way through Olympic Steel’s second largest acquisition in company history. Copper Run has been a valuable partner to Olympic Steel as we continue our growth strategy by acquiring well-run organizations in the metal-intensive product manufacturing industry.”
– Zach Siegal, Vice President, Strategic Development