Employee-owned MacArthur Company acquires wholesale distributor of sheet and coil steel, prefabricated duct and fittings
ButcherJoseph & Co. (“ButcherJoseph”) served as exclusive financial advisor to American Metals Supply Co., Inc. (“AMS” or the “Company”) on its sale to MacArthur Company, a 110-year-old employee-owned building products distributor. American Metals Supply is a leading wholesale distributor of sheet and coil steel, prefabricated duct and fittings, and a complete line of HVAC products. Since 1962, American Metals Supply has focused on providing top-quality products and service to its customers. Today with nine branch locations, American Metals Supply is distributing products in twelve states. The transaction closed on May 1, 2023.
Founded in 1962 by Al Hassebrock in Springfield, IL, American Metals Supply experienced substantial growth under three generations of family leadership, positioning itself as a prominent player in the HVAC distribution industry. In 2006, Chrissy Nardini assumed the role of President, succeeding her father, Steve Hassebrock. Under Ms. Nardini’s leadership, AMS expanded its operations considerably, opening branches in Kansas, Oklahoma, Indiana, and Texas. The company has cultivated a reputation for fostering a positive work environment and actively investing in local communities.