OAKBROOK TERRACE, IL – May 6, 2025 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce that its client, T&B Tube Co., Inc. (“T&B Tube” or the “Company”), has been acquired by American Consolidated Industries, Inc. (“ACI”). Prairie acted as the exclusive financial advisor in this transaction to T&B Tube and its shareholders and was led by Terry Bressler and Dan DeLap of Prairie. The terms of the transaction were not disclosed.

T&B Tube, based in Gary, Indiana, has been a trusted manufacturer of high-quality, welded steel tubing since 1982. Family-owned and operated, the Company is built on a foundation of integrity, emphasizing long-term, mutually beneficial relationships. With advanced manufacturing equipment and convenient access to major steel mills and interstates, T&B Tube delivers high-quality products on time and to specification to a diverse group of end users, including OEMs, steel fabricators and steel service centers. The Company operates multiple tube mills, high-speed recut machines, and precision tube lasers, offering products in a variety of steel types.

ACI, headquartered in Cleveland, Ohio, is a family-owned company specializing in distributing processed carbon flat-rolled steel and manufacturing ERW tubing and fabricated tube parts. With facilities in Ohio and Alabama, ACI has efficiently served key industries across the Midwest and Southeast since 1986. The Company is grounded in strong values, prioritizing safety, quality and long-term partnerships. ACI combines data-driven decisions with a people-first culture to deliver reliable, industry-leading solutions.

Jack Jones, President of T&B Tube, stated, “We thoroughly enjoyed our time working with the Prairie team through the sale process. Their expertise and guidance allowed us to navigate the task of completing the transaction while continuing to lead T&B Tube. They were instrumental in helping us achieve all our transaction goals, including identifying a buyer that shares our values and is excited to work together to expand upon T&B’s multiple growth opportunities.”

“This is another deal in which we found a good strategic buyer with an excellent match between our client’s and the buyer’s respective businesses,” commented Terry Bressler, Managing Director at Prairie. “While we generally manage a focused auction by contacting both the financial buyer and strategic communities, many times we believe strategic buyers will often better meet our clients’ goals and objectives. In addition, the T&B Tube owners and management team were excellent collaborators in our M&A sale process and helped us toward a successful closing.”

Dan DeLap, Vice President at Prairie, stated, “This transaction represents another successful engagement completed by Prairie’s Investment Banking team within the metals segment. We look forward to continuing to serve family, private equity and ESOP-owned businesses through the ownership transition process.”

About Prairie Capital Advisors

Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2024, Prairie was awarded the Corporate Fairness Opinion Provider of the Year by M&A Atlas. For more information, visit www.prairiecap.com.