Salt Creek Puts Metal to Metal with Buy of Gerber
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Salt Creek Puts Metal to Metal with Buy of Gerber

The acquisition of Gerber Metal is All Metals first add-on under Salt Creek ownership

Gerber is a regional distributor and processor of carbon steel products, including sheets, strips, blanks, and edge-processed material.

SOURCE: Getty Images

All Metals Industries (AMI), a portfolio company of Salt Creek Capital, has acquired Gerber Metal Supply Company. Salt Creek acquired AMI in January 2022.

Gerber is a regional distributor and processor of carbon steel products, including sheets, strips, blanks, and edge-processed material.

Source: Gerber Metal Supply Company

The company was founded in 1963 and is headquartered 33 miles west of Newark in Somerville, New Jersey.

AMI is a finisher and distributor of carbon, aluminum, stainless, and coated products including sheets, blanks, coils, and plates. The company, led by CEO Heidi Paiva, was founded in 1986 and serves customers throughout the Northeast. AMI is headquartered in Belmont, New Hampshire.

According to AMI, the buy of Gerber provides the business with complementary geographic coverage and cross-sourcing benefits.

“AMI has a long and proven history of providing high-quality steel products with timely delivery to its customers. Gerber is a natural addition for us, as we will now offer similar services to our customers across a broader geographic range,” said Ms. Paiva. “The team at Gerber, led by Charlie Calabrese, have utilized their deep industry understanding to build an amazing company, and we are very pleased to add their outstanding team members as part of the combined company.”

“Gerber is an exciting add-on opportunity, with a long track record of success,” said Bobby Sheth, a managing director of Salt Creek. “We are excited to combine businesses and build upon AMI’s already incredible business. The Salt Creek team looks forward to supporting AMI’s management team through the company’s next phase of profitable growth.”

Salt Creek invests in North American-headquartered companies that have EBITDA from $750,000 to $20 million. Sectors of interest include manufacturing, logistics, value-added distribution, B2B and B2C services, food and beverage, healthcare, retail, and hospitality.

© 2022 Private Equity Professional | November 15, 2022

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