Service Center Metals, LLC

Smither & Company provided investment banking services to Service Center Metals in connection with a $20,100,000 plant expansion which tripled the company’s manufacturing capacity by adding a second large extrusion press while increasing their manufacturing facility to over 150,000 square feet. 

The expansion project enables Service Center Metals to supply its service center customers with virtually 100% of the standard aluminum extrusion profiles while adhering to the company’s ultra-lean, low-cost manufacturing processes.

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Service Center Metals, LLC

Smither & Company Capital Markets provided investment banking services to Service Center Metals in connection with the redemption of certain original Series A & Series B Preferred Shareholders.  Smither & Company prepared the initial shareholder valuation, negotiated the terms of the redemption, and negotiated and placed all requisite senior, mezzanine and Series C Preferred equity to complete the $48,800,000 redemption and recapitalization.

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Service Center Metals, LLC

Smither & Company Capital Markets provided advisory services to Service Center Metals in connection with its sale to SCM Industries, an affiliate of The Riverstone Group. Service Center Metals was founded in 2001 and grew to be a leading aluminum extrusion and billet producer. The founders of SCM worked from the offices of Smither & Company during its early formation, and Ken Smither was a long-standing Board Member and investment banker to Service Center Metals throughout its history, culminating in the sale to SCM Industries, LLC

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