Validor Acquires BICO Steel
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Validor Acquires BICO Steel

Validor Capital has acquired BICO Steel, a steel service center that processes heavy carbon steel plate and forged specialty alloy steel. All the members of the BICO senior management team invested alongside Validor in the transaction.

BICO’s heavy carbon steel plate and forged specialty alloy steel are used in products in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas.

BICO (formerly The Burger Iron Company) was founded in 1896 and has operations in Akron, OH and Grand Rapids, MI (www.bicosteel.com).

Validor Capital makes control investments of up to $20 million in privately held US-based small to middle-market manufacturing, industrial, and business services companies. Typical target companies will have revenues of $10 million to $100 million and EBITDA of up to $10 million. Validor is led by its Managing Partner Matthew Kaufman and is based in Boca Raton (www.validorcap.com).

© 2018 Private Equity Professional | October 17, 2018

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