Metal Industry News

DBM Global Acquires Banker Steel

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DBM Global, the infrastructure business of HC2 Holdings Inc., will acquire 100 percent interest in Banker Steel Holdco LLC. The Lynchburg, Va.-based company provides fabricated structural steel and erection services primarily for the East Coast and Southeast commercial and industrial construction market.

Banker Steel consists of six operating companies: Banker Steel Co., LLC, NYC Constructors, LLC; Memco LLC; Derr & Isbell Construction LLC; Innovative Detailing and Engineering Solutions; and Lynchburg Freight and Specialty LLC. 

“Infrastructure spending in America is poised for substantial growth. The acquisition of Banker Steel greatly enhances the ability of DBM to take increased advantage of substantial infrastructure and commercial opportunities at a critical time,” said Wayne Barr, Jr., CEO of HC2.