BGL Announces the Sale of Midalloy to Crest Rock Partners

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Midwest Alloys and Technology Inc. and Midalloy Specialty Materials, LLC (collectively, Midalloy), to Crest Rock Partners. BGL’s Industrial Distribution investment banking team served as the exclusive financial advisor to Midalloy in the transaction. The specific terms of the transaction were not disclosed.

Founded in 1985 and headquartered in St. Louis, Missouri, Midalloy is a value-added supplier of specialty alloy welding consumables and specialty alloy products used in mission-critical applications in demanding end markets, including aerospace, defense, petrochemical, cryogenics, food & beverage, power generation, and others. The company provides substantial materials science and engineering expertise to its customers and is known for its unmatched technical expertise.

Midalloy serves gas and welding supply distributors and manufacturers of critical components including fasteners, fittings, flanges, valves, and pumps, across the United States. The company helps alleviate customers’ supply chain risk and offers continuous on-site supply of specialty alloy products through customized inventory management programs. Midalloy’s technical expertise and superior customer support have created a dedicated customer base of manufacturers and distributors that continues to expand over time.

The acquisition positions Midalloy for substantial growth as demand continues to increase for high-performance high strength specialty alloy products that can withstand extreme temperatures and corrosive environments. Midalloy is well positioned to address its customers’ needs with its differentiated expertise and specialized offerings.

BGL’s Industrials Group has extensive global transaction experience and domain knowledge across a broad range of end markets. Our emphasis is on providing investment banking advisory services to middle-market companies that offer unique value propositions to their customers and exclusive product and service offerings.