Trending...
- Lkpfm corp announces long standing position
- Tony Grundler Introduces Artificial Intelligence V.S. Avatar-Ian's
- Cleveland County Goat Farm NC Kikos Featured in "Feature Farmer Friday" Documentary
CHICAGO, July 30, 2024 ~ In a recent transaction, Niles Iron & Metal Company (Niles Iron), a prominent scrap metal recycler in the region, has been acquired by Charter Manufacturing, a diversified metals manufacturer. The sale was facilitated by Brown Gibbons Lang & Company (BGL), with their Metals & Advanced Metals Manufacturing investment banking team serving as the exclusive financial advisor to Niles Iron.
Niles Iron, founded in 1917, has established itself as a key player in the Midwest and Northeast regions due to its strategic location and wide supplier base. With two locations in Niles, Ohio, the company specializes in processing and transporting all grades of iron and steel scrap at one yard, while the other focuses on non-ferrous metals such as aluminum.
On the other hand, Charter Manufacturing is a family-owned group of differentiated metals manufacturing businesses that has been operating since 1936. Headquartered in Mequon, Wisconsin, the company employs over 2,300 individuals across its corporate location and businesses - Charter Aarrowcast/Charter Dura-Bar, Charter Steel, Charter Wire, and now Niles Iron & Metal.
More on Ohio Pen
What makes this deal unique is that it brings together two fourth-generation privately held companies. This partnership will not only allow both companies to continue their family legacy but also benefit from existing synergies between Niles Iron and Charter Manufacturing.
BGL's Metals & Advanced Metals Manufacturing team played a crucial role in this transaction with their deep sector knowledge and extensive experience in Metals M&A transactions within major subsectors of the broader metals industry. Their coverage includes metals recycling, metal service centers, mills and foundries, and advanced metals manufacturing.
This acquisition further highlights BGL's expertise in advising businesses operating in the ferrous and nonferrous scrap metal processing industry. With over 200 years of combined experience between Niles Iron and Charter Manufacturing, this partnership is expected to bring significant growth opportunities for both companies.
Niles Iron, founded in 1917, has established itself as a key player in the Midwest and Northeast regions due to its strategic location and wide supplier base. With two locations in Niles, Ohio, the company specializes in processing and transporting all grades of iron and steel scrap at one yard, while the other focuses on non-ferrous metals such as aluminum.
On the other hand, Charter Manufacturing is a family-owned group of differentiated metals manufacturing businesses that has been operating since 1936. Headquartered in Mequon, Wisconsin, the company employs over 2,300 individuals across its corporate location and businesses - Charter Aarrowcast/Charter Dura-Bar, Charter Steel, Charter Wire, and now Niles Iron & Metal.
More on Ohio Pen
- Over 98% of crypto owners globally don't declare taxes, new report find
- TicTac Group acquires French EdTech company Distrisoft
- Aegis Solis Launches Archive for Non-Coercive AI Ethics and Interpretive Braking
- Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
- Genpak Announces Closure of Utah Manufacturing Facility
What makes this deal unique is that it brings together two fourth-generation privately held companies. This partnership will not only allow both companies to continue their family legacy but also benefit from existing synergies between Niles Iron and Charter Manufacturing.
BGL's Metals & Advanced Metals Manufacturing team played a crucial role in this transaction with their deep sector knowledge and extensive experience in Metals M&A transactions within major subsectors of the broader metals industry. Their coverage includes metals recycling, metal service centers, mills and foundries, and advanced metals manufacturing.
This acquisition further highlights BGL's expertise in advising businesses operating in the ferrous and nonferrous scrap metal processing industry. With over 200 years of combined experience between Niles Iron and Charter Manufacturing, this partnership is expected to bring significant growth opportunities for both companies.
Filed Under: Business
0 Comments
Latest on Ohio Pen
- Breakthrough Generators/Alternators to Unlock Low-Cost, Reliable Power for AI Data Centers
- Compliance Alert: Maryland, Texas Regulate Use of Artificial Intelligence in Utilization Reviews
- Colony Ridge Communities Celebrates Successful Soccer Season Kickoff with Families and Youth
- NYC Composer/Educator Launches Debut Children's Book to Fantastic Reviews
- EFA Announces 2026 Editorial Rate Chart
- Red5 Taps PubNub to Power the Next Era of Real-Time Interactive Streaming
- Shoutout Joseph Neibich aka Nybyk
- Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
- LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
- Best Companies Group Launches Free Best Places to Work in Ohio Program
- A Closer Look at How Buyers Are Navigating Today's Market in Northeast Ohio
- Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
- Age of Steam Roundhouse Museum Announces Opening Day and Grand Christening Event for No. 19
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry