About The Company
Metaltech Service Center, Inc. is a provider of value-added, 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, the Company is able to offer exceptional products and customer service.
Case Study
In 2008, Linx partnered with Greg Rayburn and Bill McCann in a recapitalization transaction designed to a) provide partial liquidity; b) expand the Company’s product offering and processing capabilities; and c) implement a succession program for the original founders of the business. Although the availability of bank financing was limited at the end of 2008, Linx was able to structure a unique solution for the founders of Metaltech by providing most of the funding for the recapitalization transaction with its own subordinated debt and equity. Metaltech was able to navigate through the Great Recession with the Linx capital structure, improving its performance monitoring with the addition of a CFO and the implementation of key performance indicators. During the economic rebound, the Company embarked on several growth initiatives, which included the construction of a second facility to more efficiently process customer orders, the expansion of inventory, the addition of processing equipment, the hiring of new sales personnel and the revamping of the Company’s website and other marketing materials.
In 2014, Metaltech hired Brad Koenig as President to lead the Company in its next phase of growth. The Company is focused on expanding its sales to the Gulf Coast petrochemical market as well as other end markets in need of the highest quality low alloy steels, specialty and stainless steels, carbon steels, nickel alloy and aluminum products.
In 2020, Linx sold its Metaltech securities in a management buyout transaction.