Republic Private Equity has acquired Camalloy Inc., a Washington, Penn.-based metal service center specializing in stainless-steel sheet plate. No financial terms were disclosed.
Republic Private Equity (RPE), a Denver-based private equity investment firm that partners with privately held family- and founder-owned businesses to catalyze their growth, announced today it has acquired Camalloy, Inc. (Camalloy), a metal service center located in Washington, Pa., with a niche focus on stainless-steel sheet and plate and other complementary industrial products.
RPE is providing capital and will partner with the existing Camalloy management team to further grow and enhance the business. This is RPE's second investment in the metals service center sector.
Camalloy was founded by John Campbell in 1969 when he merged three metal service centers. In 1993 the company refocused and became a customer-driven supplier of stainless-steel products. Since 1997 the Washington, Pa., location has been Camalloy's home.
“Camalloy has a strong reputation in the marketplace based on its customer-centric culture and its unyielding dedication to quality control and timely delivery,” says Bill Haan, President of Republic Financial's Private Equity Group. “Camalloy's customers are seeing an increased demand for stainless-steel products in a global marketplace, and we believe there are many other additional opportunities for Camalloy to grow and expand.”
“I believe that RPE is the ideal partner for this company,” says Bill Campbell, President of Camalloy. “We think their resources will prove to be an asset and help strengthen our position in the metals marketplace.”
The cornerstone of Republic Private Equity's strategy is to pursue opportunities where the group can partner with existing owners and management teams to effectively combine its breadth of experience and professional expertise, with the end result being a stronger, more sustainable and scalable business model that grows and prospers.
“I look forward to working with the Camalloy team on growth strategies,” says Jonathan Pope, Director in Republic Financial's Private Equity Group. “Camalloy understands customer service, and this a great foundation upon which to build.”
RPE is a team of accomplished professionals generating superior long-term value by working with portfolio companies' management teams to support business development and maximize business growth. The group's strategy is ideal for small, privately held companies looking to add long-term value and complementary functional support and expertise.
About Republic Private Equity
Since 2005, Republic Private Equity (RPE), a Denver-based private-equity investment firm, has been partnering with privately held and, in many cases, family- and founder-owned businesses to catalyze their growth. RPE invests in small-market, privately held companies and has significant experience in the manufacturing, distribution, and general industrial and business services sectors. Examples of its successful track record span a variety of industries, such as heavy industrial products, niche manufacturing, aerospace/defense, metal fabrication and distribution, and industrial recycling equipment. For more information visit www.republic-financial.com.
Camalloy, Inc., located in Washington, Pa., is a privately owned metals service center providing stainless-steel products with a focus on stainless-steel sheet and plate as well as other complementary industrial products. The company also provides stainless-steel angles, squares, bars, tubing and pipes. For more information visit www.camalloy.com.