Metropolitan Capital Advises KWILL Capital Partners in its Acquisition of Circle City Rebar

News provided by

Metropolitan Capital

10 Dec, 2019, 10:22 ET

INDIANAPOLIS, Dec. 10, 2019 /PRNewswire/ -- Frank Davis, founder of Circle City Rebar ("CCR"), announced Monday, the sale of the company to Chicago-based, KWILL Capital Partners ("KWILL").

CCR is a Midwest leader in the fabrication of concrete reinforcing steel for commercial and industrial construction applications. Founded in 2005, CCR has developed strong relationships with general contractors throughout the Midwest, earning their trust through consistent on-time delivery and customer service.

Leveraging state-of-the art industry equipment and technology, CCR has supplied rebar to hundreds of projects from end-to-end from its 26,000 square-foot facility in Indianapolis, IN. Several of note include Lucas Oil Stadium, the East End Bridge spanning the Ohio River, the O'Hare Consolidated Rental Car/Parking Facility in Chicago, Horseshoe Casino in Cincinnati, and the OneAmerica Parking Garage in downtown Indianapolis.

"This is an exciting time for us; we picked KWILL as a partner because they have a long-term focus, high integrity, and share our passion for service," said CCR Founder, Frank Davis. "They bring excitement, enthusiasm and dynamic thought-leadership to our business which are the key ingredients to continued growth here in the Midwest and beyond."

The KWILL team, led by Corey McLendon and Hugh Williams, bring more than 30 years of executive experience in real estate development, operations, and management to augment CCR's deep industry and manufacturing expertise.

"We are excited to continue to operate CCR here in Indianapolis with the same customer-first mentality, while maintaining the valuable, decades-long relationships Frank has cultivated with CCR's strategic partners and suppliers. We are also proud to continue to operate as a Minority-Owned Business with MBE and DBE designations," said Mr. Williams. Mr. McLendon added, "Frank has built an impressive company with a great reputation and legacy. We are charged with growing that reputation and protecting that legacy; a responsibility that we will take very seriously to make Frank proud." Mr. Davis will continue his leadership of Circle City Rebar; transitioning from President to Chairman in 2020.

Metropolitan Capital, a boutique Universal Bank, served as financial advisor to KWILL in the transaction. Kevin Costello, who led the transaction for Metropolitan Capital, will maintain his engagement as Chief Financial Officer.

SOURCE Metropolitan Capital

Related Links

http://www.metcapbank.com

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.