Metal Resources Gets Capital Investment
By Metal Center News Staff
on May 28, 2019
Metal Resources Holdings LLC has received a growth capital investment from Juniper Capital Management, in partnership with Bluehenge Capital Partners. Through the provision of capital, Juniper will support the continued development of Metal Resources’ two, vertically integrated metal processing subsidiary operations: Andes Coil Processors LLC and MRI Steel Framing LLC.
Andes is a leading independent toll processors and provides toll steel coil slitting and cut-to-length processing, as well as receiving, warehousing and shipping services, for a wide range of steel distributors and manufacturers. MRSF is a leading manufacturer of heavy-duty, cold-formed steel framing components for the commercial and multifamily construction markets in the North Central U.S. Notably, MRSF produces primarily “true gauge” products, which it sells on a direct basis to large commercial interior and drywall contractors.
“We are eager to support the continued growth of Metal Resources and its subsidiary companies, led by the outstanding executive management team already in place, in an industry segment that has tremendous potential,” said Lou Grabowsky, Juniper’s co-founding partner. “Metal Resources fits perfectly within our framework of investment criteria and helps expand Juniper’s operational portfolio into the center of the country, which is right in our sweet spot.”
“As a result of Juniper’s and Bluehenge’s significant investment, we now have a meaningfully enhanced capacity to expand our product and service offerings, in order to better serve existing customers and also reach new customers in expanded markets,” said said Metal Resources CEO Bill Wilson.