A venture capital firm from Washington, D.C., called Arlington Capital Partners has acquired Metal Trades, a family-owned metal fabricator based in Meggett, South Carolina. The financial terms of the deal were not disclosed. Arlington Capital Partners plans to merge Metal Trades with Pegasus Steel and Michigan’s Merrill Technologies Group to create a new defense contracting business called Keel Holdings. Keel Holdings will build large parts for the U.S. Navy’s next-generation submarines and aircraft carriers. Metal Trades will continue to provide services to the Air Force, Army, and commercial customers. It will also continue its work in processing, fabrication, welding, piping, machining, electrical installation, blasting, painting, and building and repairing barges and other working vessels. It’s worth noting that Metal Trades recently announced a $14.4 million expansion to build parts for the Navy, which added 64 employees to its workforce.
Strategic Acquisition: SC-based Metal Trades joins Defense Industry’s Elite
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