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"Jim Mulick is a person with incredible knowledge, integrity and experience. He guided us expertly through every step in the process-from approaching potential acquirers through due-diligence and closing. He knows all the players and was able to open doors that I hadn't even thought about. I have no doubt that Jim's skillful handling of the process resulted in maximum value. If I ever have another opportunity to buy or sell a business, I'll definitely want Jim to lead my team."
Frank Koons III
Former President and Shareholder
Koons Steel, Inc.
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Representative Engagements
Situation:
Koons Steel, Inc. is a top performing, general line steel service center with annual sales of approximately $40 million. Serving the Philadelphia area since 1935, Koons Steel’s products include structural beams, angles, channels, plate, tubing, galvanized steel shapes, grating, expanded metal, cold finished bars and selected aluminum products. The company also performs a wide variety of value-added services including bending & forming, flame cutting, saw cutting, shearing, drilling, punching, tee splitting, and welding.
Facing a rapidly consolidating steel service center industry, the Koons family engaged Ameridan to perform a business valuation, analyze the company’s strategic options and execute their chosen course of action.
Ameridan's Role:
Dr. Mulick performed a market-based valuation of the company and then began orchestrating a multi-dimensional process aimed at maximizing the value of Koons Steel.
 The engagement was successfully completed on March 2, 2007 when Koons Steel was acquired by Bushwick Metals, a distributor of carbon and stainless steel structurals, plate, sheet, bars, tubular steel, decking and specialty products. The company is a subsidiary of Marmon/Keystone Corporation, a leading wholesale distributor of carbon, stainless steel and aluminum tubular and bar products, with corporate headquarters in Butler, Pennsylvania.
Marmon/Keystone and affiliated companies are members of The Marmon Group, an international association of more than 125 business units that operate independently within diverse business sectors. Member companies have collective revenues of $7 billion.
To view the press release,
click here.
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