BaldwinClarke is pleased to announce that its investment banking division, Baldwin & Clarke Corporate Finance, LLC (BCCF), served as the exclusive financial advisor to Mill Steel Corporation (Mill Steel) in its sale to Brookside Holdings LLC (Brookside). This transaction represents the successful conclusion of Mill Steel’s effort to identify a strong, well-aligned new owner with the resources and vision to sustain the Company’s operations and legacy well into the future.
Headquartered in Manchester, NH, Mill Steel (tradename: Mill Metals) has been a leading steel service center since 1988, distributing structural and abrasion-resistant steel and offering value-added services such as forming, bending, rolling, and specialized repair work for major construction and asphalt companies. The Company is also recognized as the premier distributor of Hardox® steel in northern New England.
Brookside is a diversified holding company with a portfolio of businesses in the construction materials & services markets throughout the Northeast. The acquisition of Mill Steel represents a strategic addition to Brookside’s holdings, enhancing its vertical service offerings and providing synergistic opportunities.
Mill Steel will continue to be led by CEO Bob Dahlinger, who has guided the Company for nearly three decades, building its reputation as an industry leader and an organization that provides superior service and solutions to its customers.
BaldwinClarke, through BCCF, represented Mill Steel’s shareholders in identifying and securing a buyer aligned with the Company’s values and long-term goals. Legal and accounting advisory support was provided by McLane Middleton, P.A. and CBIZ, Inc. Terms of the transaction were not disclosed.
