BGL Announces the Sale of MidWest Materials Inc. to Reliance, Inc.

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Apr 02, 2024, 12:56 ET

CHICAGO, April 2, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of MidWest Materials, a premier flat-rolled steel service center for North American original equipment manufacturers (OEMs), to Reliance, Inc., a diversified metals solutions provider. BGL's Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to MidWest Materials in the transaction.

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of MidWest Materials, a premier flat-rolled steel service center for North American original equipment manufacturers (OEMs), to Reliance, Inc., a diversified metals solutions provider. BGL’s Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to MidWest Materials in the transaction.

"The BGL team demonstrated their experience and knowledge in the metal service center sector throughout the entire process, and we are very pleased with the outcome," said Brian Robbins, CEO of MidWest Materials. "I appreciate the team's dedication to helping us find a capable and respected partner to continue executing our plans for growth."

Headquartered in Perry, Ohio and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabrication, and building products markets.

Founded in 1939, Reliance is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of more than 315 locations in 40 states and 12 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

BGL's Metals & Advanced Metals Manufacturing team has deep sector knowledge and extensive Metals M&A transaction experience within major subsectors of the broader metals industry. Coverage includes metal service centers, mills and foundries, advanced metals manufacturing, and metals recycling.

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 35 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.