Go to deals
Logistics

Stark Metal Sales has been acquired by Pennsylvania Steel Company

November 2023 — The shareholders of Stark Metal Sales have sold the company to Pennsylvania Steel Company.

Founded in 1989, Stark Metal Sales is a full-line steel service center in Alliance, Ohio. The company has burning, shearing and sawing capabilities. Through its outsourcing partners, Stark also delivers finished goods to certain customers, primarily located in Ohio and Pennsylvania.

Pennsylvania Steel Company is a veteran-owned, privately held full-line metals service center headquartered in Bensalem, Pennsylvania. Pennsylvania Steel provides raw materials to the metal manufacturing sector through eight service center locations. Core products include carbon and alloy steels, aluminum, stainless, tool steel and tubing products.

Our role in the transaction

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.

Service
M&A sell-side
Parties
“Selling my steel service center with Oaklins Heritage’s help was a game-changer. Their expertise and strategic advisory were exceptional. I’m immensely grateful for their guidance throughout the process, resulting in a seamless transaction. I highly recommend their expertise and professionalism.”

Dave Rownd

President, Stark Metal Sales

Talk to the deal team

John Montgomery

John Montgomery

Principal
Jacksonville, United States
Oaklins Heritage
View profile Get in touch
Doug Kravet

Doug Kravet

Principal
Jacksonville, United States
Oaklins Heritage
View profile Get in touch
Bert Tenenbaum

Bert Tenenbaum

Principal
Savannah, United States
Oaklins Heritage
View profile Get in touch
JP Allen

JP Allen

Associate
Jacksonville, United States
Oaklins Heritage
View profile Get in touch

Related deals

TA Associates has completed a sell-down of its stake in Eurowag
Private Equity | Business Support Services | Logistics | TMT

TA Associates has completed a sell-down of its stake in Eurowag

TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).

Learn more
NCL has sold its air and sea freight forwarding business to MOVIT
Logistics

NCL has sold its air and sea freight forwarding business to MOVIT

NCL – Transitários e Viagens, S.A. has sold its air and sea freight forwarding business to Movitlog, Lda. (MOVIT).

Learn more
Transnáutica has sold its road freight forwarding business to TMB Group
Logistics

Transnáutica has sold its road freight forwarding business to TMB Group

Transnáutica - Global Logistics, S.A. has sold its road freight forwarding business to TMB Group.

Learn more