Mufson Howe Hunter & Co. is pleased to announce the acquisition of Straub Metal International, Inc., a leading distributor of stainless steel in North America, by Norfolk Iron & Metal. Mufson Howe Hunter served as exclusive financial advisor to Straub Metal in its sale to Norfolk Iron & Metal.
Founded in 1979 and located near Wilkes-Barre, PA, Straub Metal is a market-leading distributor of Type 409 Stainless Steel. Straub established its market leading position based upon its focus on its product knowledge, customer requirements, and customized solution offerings.
Doug Straub, CEO of Straub Metal, stated: “The Mufson Team was exceptional from start to finish. Their expert advice on timing and their dedication throughout the sale process were invaluable. They guided us through due diligence and provided insights into our business, ensuring the deal closed smoothly and with the right partner. We couldn’t be more pleased with the outcome.”
Norfolk Iron & Metal, based in Norfolk, Nebraska, is one of the nation’s largest family-owned steel service centers.
About Mufson Howe Hunter & Co. LLC
Mufson Howe Hunter, headquartered in Philadelphia with an office in Washington DC, is an investment banking firm established in 2004, focusing on merger and acquisition transactions as well as the placement of growth capital for middle-market companies. Mufson Howe Hunter’s senior investment bankers each has over two decades of transactional experience across business services, consumer, industrials, and technology services sectors. Mufson Howe Hunter advises private companies, with a particular focus on multi-generational, family businesses, and closely-held private businesses.