Riverarch acquires Metal Supermarkets franchisor
Riverarch acquires Metal Supermarkets franchisor
Riverarch Equity Partners (“Riverarch”) is pleased to announce an investment in Metal Supermarkets (the “Company”), a global franchisor of small-quantity metals. Metal Supermarkets is known as the convenience stores for metal, providing solutions to customers’ metal needs in both the business-to-business and business-to-consumer categories. With over 130 locations across the United States, Canada, and the United Kingdom; Metal Supermarkets has earned long-lasting relationships with customers by delivering a world-class customer service experience through offering 8,000 types, shapes and grades of metal, cut to customers’ exact specifications and ready fast. Stephen Schober, President & CEO of Metal Supermarkets, commented, “We are thrilled to be joining Riverarch’s portfolio and believe their experience, particularly with franchise businesses, will be a huge asset as we look to grow Metal Supermarkets. After meeting with the Riverarch team and working through the diligence process, we believe they will further help position Metal Supermarkets as an industry leader, which will allow us to better serve our franchisees and customers.” Andrew Wiechkoske, Managing Director at Riverarch, said, “We were attracted to Metal Supermarkets because of its strong foundation, proven business system and well performing franchisees. Riverarch understands the importance of the Company’s profitable partnerships philosophy and is committed to supporting franchisee success. We saw an opportunity to further build on Metal Supermarkets’ momentum and propel the network toward even greater sales and growth.” The transaction for Riverarch was led by Andrew Wiechkoske, Managing Director; Michael Miller, Principal; Daniel Lebby, Senior Associate; and Alyssa Sarver, Associate. Wiechkoske, Miller, and Lebby will represent Riverarch on the Board of Directors, which will also include Stephen Schober and Andrew Arminen, Metal Supermarkets Chief Operations & Development Officer. R.W. Baird advised Metal Supermarkets, and senior debt financing was provided by Golub Capital. Riverarch Equity Partners is a middle market private equity firm that invests in market-leading companies where it can partner with management to support accelerated growth. Riverarch is based in Pittsburgh, Pennsylvania. For more information, please visit riverarch.com