Project Forge – Steel Service Center Opportunity
The Shareholders of Project Forge (“Forge” or the “Company”) are seeking to sell the business to its next majority owner that has the resources and capabilities to build upon the Company’s standing as an industry leader.
Forge is a closely-held steel service center located in the northeast that distributes structural steel along with high margin fabrication and shop services.
The Company has experienced strong revenue growth and profitability thanks to its responsive business model focused on providing solutions as well as prompt, next day product to its customers.
The Company enjoys:
– Experienced management leadership
– Stable, long-term customers
– Strong financial profile (Revenue of approx. $30MM, EBITDA margin of 16.4%, no debt)
– Skilled, non-unionized labor force
– Robust, up-to-date equipment and machinery with minimal capex needs
Forge represents an opportunity to acquire an established growing business with a long-term track record and strong reputation. The Company’s CEO anticipates providing an ample transition period to a new owner.