Malibu client Byer Steel Group in Cincinnati has sold its Structural Steel Division to Benjamin Steel Co., Inc., in Springfield, Ohio. The new company, Frederick Steel, will continue to operate at the current location in Cincinnati as a wholly-owned subsidiary of Benjamin Steel.
"Malibu was a fantastic partner in and architect of the deal with Benjamin Steel, said Byer Steel President and CEO Burke Byer. "From the search process to the final negotiations, they made sure we were protected and that our best interests were served, getting us a deal value that we felt we deserved. Throughout the deal there were many difficult decisions that had to be made, and it was essential that we be able to rely on and trust our partner. Malibu always gave us objective information and wise counsel, which helped us make good decisions. Things can get emotional during the transaction process and Malibu did a great job managing highly charged situations and getting the deal across the finish line."
The Malibu Group welcomes two new analysts – Andrew Link and Luke Cutler – to the firm.