M&A Deal Summary

Banner Industries Acquires Castle Metals

On June 15, 2023, Banner Industries acquired distribution company Castle Metals

Acquisition Highlights
  • This is Banner Industries’ 2nd transaction in the Distribution sector.
  • This is Banner Industries’ 4th transaction in the United States.
  • This is Banner Industries’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2023-06-15
Target Castle Metals
Sector Distribution
Buyer(s) Banner Industries
Deal Type Merger
Advisor(s) Ducera Partners (Financial)

Target

Castle Metals

Oak Brook, Illinois, United States
Castle Metals is a metals and plastics distribution company. Castle Metals was incorporated in 1890 and is based in Oak Brook, Illinois.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Banner Industries

Carol Stream, Illinois, United States

Category Company
Founded 1961
Sector Metals/Mining
DESCRIPTION

Banner Industries is a processor and distributor of metal bar products for a diverse set of industrial and medical end markets. Banner provides supply chain solutions and a variety of value-added metal processing services, including centerless grinding, chamfering, turning, precision saw cutting, straightening, material ID and full traceability, waterjet cutting, ultrasonic testing, and CNC machining to its OEM, contract manufacturer, and precision machining customers. Banner Industries was founded in 1961 and is based in Carol Stream, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Distribution) 2 of 2
Type (Merger) 1 of 1
State (Illinois) 2 of 2
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 National Kwikmetal Service

Des Plaines, Illinois, United States

National Kwikmetal Service is a stainless steel service center that offers quality products at competitive prices as well as superior service. It is a major stainless steel supplier with the ability to supply stainless coil in both large and small quantities. The company provides the same level of service and attention to detail to all stainless coil needs. National Kwikmetal Service was formed in 1991 and is based in Des Plaines, Illinois.

Buy -