Stainless Tubular Products Acquired by TW Metals
leading metal service center in the U.S. specializing in welded stainless
steel tubing, pipe, fittings and bar, was acquired by TW Metals, Inc., a
member of the
represented STP and arranged the transaction.
“This combination made complete sense on multiple levels, allowing the
transaction to close in less than 40 days from the initial proposal,” said
professionals involved worked diligently and communicated effectively to make
this transaction happen in such a short period of time.”
decided it was time to retire, it was extremely important for us to identify
the right partner to continue the tradition of Stainless Tubular. We have
found that partner in TW Metals and the
significant benefits that this combination brings to the customers of both
companies.”
“Savvy acquirers, such as O’Neal, are taking advantage of investor
hesitancy in the present economic environment to acquire quality, well-run
companies like Stainless Tubular,” said
Advisors. “Several times during this transaction there were comments that,
despite the difficult current conditions TW Metals was in, this was for the
long run,” Poppe continued.
About Stainless Tubular Products, Inc.
Stainless Tubular Products, Inc. (STP) was founded in 1979 and is a
leading metal service center in the U.S. specializing in stainless steel
tubing, pipe, fittings and bar. STP carries the nation’s largest and most
diversified inventory of ornamental stainless tubing, which includes the
round, square and rectangular shapes.
About TW Metals, Inc.
TW Metals (TW), a member of the
founded in 1907 as Williams & Company, a steel tubing company based on the
east coast. TW is now one of the largest providers of stainless steel, nickel
alloys, aluminum, carbon alloys, brass and copper, in tube, pipe, bar, sheet,
extruded and roll-formed shapes. With facilities in
and throughout
About MidCap Advisors, LLC
MidCap Advisors, LLC (MidCap) is a boutique investment banking firm that
provides innovative and results-oriented financial advisory services to
small- and medium-sized companies. With offices in
business valuation, capital raise, and transaction support services to clients
nationwide.
For further information about this transaction, please contact:
Douglas T. Hendrickson, Partner
douglas.hendrickson@midcapadvisors.com
John D. Poppe, Jr., Partner
john.poppe@midcapadvisors.com
Media Contact:
Richard Jackim, Managing Director
rich.jackim@midcapadvisors.com
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SOURCE MidCap Advisors, LLC