Reed’s Metals

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Project Description

Reed’s Metals

IOP Fund II

Acquisition Date: October 2018
Status: Current
Notes: Part of Union Corrugating Platform
Headquarters: Brookhaven, MS
Add-on Acquisitions:

Seeking acquisitions

DESCRIPTION

Manufacturer of metal roofing and buildings headquartered in Brookhaven, Mississippi, with additional locations in Missouri, Mississippi, Tennessee, Arkansas, Louisiana, Florida, and a sales office in Texas. Reed’s Metals will continue to operate under the well-known Reed’s brand. The acquisition of Reed’s continues the westward expansion of IOP’s metal roofing platform while strengthening key geographic markets. In addition, Reed’s significant capabilities in the manufacturing of metal buildings will be leveraged across both companies.

OPERATING THESIS

Provide support to existing management team

Create fundamental improvement in operating performance:

  • Capitalize on growth opportunities with new and existing customers
  • Expand pre-engineered metal building capabilities across the Union Corrugating platform
  • Reduce working capital requirements