Benada Aluminum Products, LLC
We put the pedal to the metal in turning around this aluminum extrusion company.
An aluminum products producer located in Central Florida and with annual revenues of $100M, was facing a time of transition - its private equity owner was fatigued, leaving the company in limbo. Along with an existing partner of the company, Big Shoulders Capital and our operating partner stepped in to purchase the company, secured by the company’s considerable collateral, including real estate. At the time, the company’s EBITDA was negative. We recruited an industry leader to orchestrate a turnaround, and the company remains a profitable part of our portfolio today.
We unlocked the profit potential of this fastener manufacturer.
A private equity firm bought a Wisconsin-located manufacturer of fasteners and rivets serving the automotive industry. Unfortunately, the PE group began facing challenges, so BSC stepped in and purchased the company through a bank process. We then convinced the former management team, which had since left the company, to return. After rightsizing the business to ensure sustainability, BSC was approached by an international strategic buyer who is operating the business today. 50 jobs were saved.
We stepped up to the plate to rescue this steel plate fabrication company.
A firm that fabricated steel plates for the construction, agricultural and mini-equipment, and power generation industries had revenues of $40M per year. But a judgment after years of costly litigation sent them into bankruptcy. BSC was the winning bidder at their bankruptcy auction, and formed a new company: LB Metals, LLC. After successfully stabilizing the company, we sold our interest to a strategic buyer, who is running the company today.
Saving this metal fabrication business took more than a turnkey solution.
A metal fabrication company in Ohio, with annual revenues of $8M, was shutting their doors after defaulting on a debt. Big Shoulders Capital purchased the debt and helped ownership retain their company. Today, we continue to lease the equipment back to them, and are providing a revolver loan for their working capital needs.