Evanston, Ill., May 23, 2023 – Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., today announced that its existing portfolio company N.B. Handy Company (“NB Handy”) has acquired the assets of 4M Metals, Inc. (“4M” or the “Company”). Terms of the transaction were not disclosed.
4M is a fabricator and supplier of architectural metal roofing panel systems and components located in Ridgeland, S.C.
NB Handy, acquired by IOP in 2022, is a building products distributor serving the commercial and residential markets in the Southeast and Mid-Atlantic regions, specializing in HVAC products including duct, air distribution, and other items, as well as architectural metal roofing and wall panel systems.
“We are focused on vertically integrating our metals program through organic expansion and acquisitions, and we believe 4M is a strategic fit,” said Rosana Chaidez, President and CEO of NB Handy.
Dave Mackin, the Chairman of NB Handy, added, “With similar operating values and complementary product offerings, we believe 4M is an excellent acquisition for NB Handy. We are all excited about the opportunity to expand NB Handy’s fabrication capabilities to South Carolina and its customer-focused culture to the coastal markets.”
About 4M Metals
4M is a fabricator and supplier of architectural metal roofing panel systems and components located in Ridgeland, S.C. The Company mostly serves regional contractors in the coastal market from Hilton Head, S.C. to Savannah, Ga.
About NB Handy
Founded in 1891 and headquartered in Lynchburg, Va., NB Handy is a building products distributor that specializes in duct, air distribution, and other HVAC products; architectural metal roofing; and machinery. The company offers one-stop access to over 10,000 SKUs with 24-hour delivery and features vertically integrated fabrication operations for select products. NB Handy has been in operation for over 130 years and serves the commercial and residential markets in the Southeast and Mid-Atlantic regions through its 23 locations in six states (Virginia, Florida, North Carolina, South Carolina, Maryland and Georgia). Learn more about NB Handy at www.nbhandy.com.
About Industrial Opportunity Partners
IOP, an Evanston, Ill.-based private equity firm with over $1.5 billion of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $50 million and $500 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.