Allied Group ’s Post

Some pairs just make sense: peanut butter and jelly, cheese and wine, Castle Metals and Banner Industries. Last week, Ryan McComb, a Managing Director on our Transaction Team, sat down with Michael Schoeck from PE Hub to discuss our transformative Castle/Banner continuation vehicle and the add-on opportunities ahead. "MiddleGround had been chasing Castle for years and decided to pivot from selling Banner to acquiring Castle and merging the business together to recognize the significant synergies the companies presented," said Ryan. Since acquiring Banner, we've made impactful add-ons with Supra Alloys, Edge International, and NKS, broadening our capabilities in aerospace and defense with high-grade titanium and medical-grade cobalt chrome. Our current focus is identifying add-ons that enhance our #manufacturing capabilities, provide entry into new markets, and increase our value proposition. With 1,500 employees across 40 facilities globally, the Castle/Banner platform aims to be a one-stop shop for metal fabrication needs - serving everyone from smaller contract manufacturers to major OEMs like Airbus and Boeing. Read the full interview here: https://bit.ly/3XsNQEn #privateequity

🚢 Exciting News!🌊 ⚓ Performance Shipping Inc. Secures Five-Year Time Charter Contracts with Clearlake for Three Newbuilding Vessels at US$31,000 per Vessel per Day📈 Each contract includes an option to extend for a 6th and 7th year. 🌏 CEO Andreas Michalopoulos says, " We are thrilled to announce these time charter contracts for our newbuild vessels and the commencement of a strategic relationship with Clearlake Shipping, a subsidiary of Gunvor Group”… read more https://lnkd.in/d8R8GktD #ShippingSuccess #TankerMarket #shipping #tanker #shippingindustry #shippingnews #maritime #maritimetransportation #marinetransportation #performanceshipping #shipowners #PSHG #shipsandshipping #Aframax #lr2 #nasdaq #nasdaqlisted #CharterContracts #StrategicPartnership #GlobalShipping

Catch up on the latest news within the industry. For more inofmration head over to 👉 Vertikal.net #construction #machinery #equipment #business #cranes #access #telehandler #newproducts #cranenews #news #acquisitions

Mark Malpass had the pleasure of joining Oliver Mander, CEO of NZ Shareholders Association, for an interview on Steel & Tube, our current happenings and future prospects. Watch the full interview here: https://hubs.la/Q02HmNg70 #SteelandTube #STU #InvestorNews

RUDConnect - RUD Australia Newsletter. Our quarterly newsletter gives a peek into who we are, our products, company news and blog posts. Click below to read on our website ➡ #rud #rudaustralia #lifting #liftingsolutions #chainsolutions #lashing #manufacturing #success #australia #newsletter

The shipowner supported by Fredriksen increases the value of its charter commitments to USD 5 billion. SFL, the company, records profits of roughly USD 20 million in a quarter marked by orders for an additional five container vessels. Read more: https://buff.ly/3yK8nKE #MarinerNews #ShippingNews #MaritimeNews #News #ShippingIndustry

𝗥𝗨𝗗𝗖𝗼𝗻𝗻𝗲𝗰𝘁 - 𝗥𝗨𝗗 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Our quarterly newsletter gives a peek into who we are, our products, company news and blog posts. Click below to read on our website ➡ #rud #rudaustralia #lifting #liftingsolutions #chainsolutions #lashing #manufacturing #success #australia #newsletter

IN THE NEWS with Fastener News Desk the Week of December 4, 2023 Here’s what’s happening in fastener industry news, acquisitions, events, holiday parties and virtual get togethers the week of December 4, 2023. WATCH VIDEO: (6:57) Video link: https://lnkd.in/eZtTrwRv #fastenernews #fasteners #distribution #jingleandmingle #worldslargest #hexnut #acquisitions #fastenerindustry

What will America look like without small businesses? How will this impact society, our children, future generations? Can we merge doing good with doing well? -Retiring baby boomers will sell or bequeath 10 Trillion worth of assets by 2050. -These assets are held in more than 12 million privately owned businesses. -350,000 baby boomer businesses sold by per year -40% of Privately held small businesses owned by baby boomers

Structo Hydraulics AB (”Structo”) was declared bankrupt on February 12th 2024 and Lars-Henrik Andersson was appointed as official receiver.   Structo conducts business within tube and component supply for the hydraulic industry, with a production plant in Storfors, Sweden. The business has over 400 years of experience in iron and steel processing and export more than 75% of volumes to the leading European countries. The company has about ten employees.   Continued operations The bankruptcy estate has decided to continue the operations in the company. Suppliers and customers may contact the bankruptcy administration for any questions or concerns here https://lnkd.in/dnttAk4c. Sales process The bankruptcy estate intends to initiate a sales process of the business as a whole or specific assets. Interested parties may contact the bankruptcy administration here https://lnkd.in/dnttAk4c.