Shields & Company is pleased to announce it advised Gibbs Wire & Steel Company, Inc. ("Gibbs") in its sale to Combined Metals of Chicago, L.L.C ("Combined Metals"), an affiliate of National Material, LP.
Founded in 1956, Gibbs is a second-generation family business that provides narrow width, light gauge strip processing, and wire distribution solutions. Through its eight centers of excellence strategically located across the United States, Canada, and Mexico, Gibbs serves as a critical link in the metal supply chain.
“Shields & Company’s emphasis on preparation, willingness to roll up their sleeves, and thoughtfulness through every key juncture of the process allowed us to achieve an outstanding outcome for our shareholders and employees. Shields’ team members understand the dynamics within family businesses, are passionate about client service, and found us a great partner in Combined Metals of Chicago,” Bill Torres, President and CEO of Gibbs said.
“We are honored to have had the privilege of working with the Gibbs leadership team and family. Through their hard work and commitment to excellence, they built an impressive platform that is poised for accelerated growth,” commented Darwin Olympia, Managing Director of Shields & Company, Inc. “We are excited for the opportunities that lie ahead for Bill and his team and look forward to following their continued success with Combined Metals.”
Chris Howard of Pierce Atwood LLP served as Gibbs’ legal advisor and Jeff Michelson of CohnReznick LLP provided transactional accounting services to the seller.
Shields & Company acted as financial advisor to Gibbs in the above transaction.