Linx Partners, LLC is pleased to announce that Linx Fund II, Co-investors and Affiliates have sold its securities in Metaltech Service Center, Inc. (“Metaltech” or the “Company”).
Metaltech is a provider of customized metal cutting and distribution services to industrial manufacturers, diversified energy companies, fabricators, machining centers, and repair companies. The Company serves over 1,500 customers primarily located in the Gulf Coast region. By concentrating on rapid order fulfillment, turnkey, and value‐added processing services involving niche grades, sizes, and shapes of materials, Metaltech is able to offer exceptional products and customer service.
“We are pleased to achieve a realization for our investors during these challenging times. Metaltech has established a strong reputation in the Gulf Coast region for its service commitment, quality products, and value-added processing capabilities,” said Mark Niznik, Managing Director at Linx Partners.
Morgan, Lewis & Bockius LLP served as legal advisor to Linx Partners. Brown Gibbons Lang & Company served as financial advisors to Metaltech.
About Linx Partners
Linx was founded in 1999 on the premise of investing in U.S. industrial companies, utilizing our human and capital resources in partnership with families, entrepreneurs, and management teams to build businesses. The founding partners of Linx have worked together in various capacities for over 30 years and have collectively created over 30 such partnerships since 1980. For more information on Linx, visit www.linxpartners.com.
About Metaltech Service Center, Inc.
Based in Houston, Texas Metaltech is a value-added distributor of low alloy steels, specialty and stainless steels, carbon steels, nickel alloy, and aluminum products. The Company’s expertise revolves around providing short-turnaround processing of plate, bar, and custom forged products with laser, abrasive waterjet, plasma, and sawing equipment. Materials are sourced and cut within tight tolerances of the design requirement for customers in a variety of end markets including petrochemical, oilfield, wastewater, paper & pulp, power generation, marine, and food processing. For more information on Metaltech, visit www.metaltechsc.com.