American Metals Supply Co., Springfield, Ill., has been acquired by MacArthur Company. MacArthur is a 110-year-old, employee-owned building products distributor.
AMS is a wholesale distributor of sheet and coil steel, prefabricated duct and fittings and a complete line of HVAC products. Founded in 1962, the company has grown to nine branch locations, distributing products into 12 states.
American Metals Supply experienced substantial growth under three generations of family leadership, positioning itself as a prominent player in the HVAC distribution industry. In 2006, Chrissy Nardini assumed the role of president, succeeding her father, Steve Hassebrock.
Under Nardini’s leadership, AMS expanded its operations considerably, opening branches in Kansas, Oklahoma, Indiana and Texas. The company has cultivated a reputation for fostering a positive work environment and actively investing in local communities.
“We looked for a buyer who would enable us to keep our focus on our product mix, which is one of our key differentiators, and not have any duplication in locations. MacArthur Company provides us with a compatible culture fit, strong financial fundamentals, and the ability for future employees to continue to achieve financial success” said Nardini.
“American Metals Supply shares our approach to business, with a commitment to consistent, stable growth by providing exceptional customer service and the desire to manage an organization that focuses on long-term retention of engaged team members,” said Barrett Moen, CEO of MacArthur Company. “We both have a strong heritage as successful distribution businesses that share an understanding of what it means to be industry leaders.”
Steve Hassebrock, who played an integral role in the company founded by his father, will transition out of AMS as a result of this transaction. “It has been both an honor and a privilege to have worked here for the last 52 years, and I have witnessed phenomenal growth and a magical transformation of a company that had a very humble beginning,” said Hassebrock. “And our future has never looked brighter.”
Butcher Joseph served as financial advisor to AMS in the transaction.