Venture Metals acquires 2 nonferrous processors

Dallas-based Venture Metals, a portfolio company of Mill Rock Capital, has announced that one of its affiliates has acquired Thalheimer Bros. LLC, Philadelphia, and Mega Metals LLC, Phoenix.

Both acquired companies specialize in the processing of nonferrous metal within the utilities, aerospace, construction and general industrial markets.

“We are very excited to welcome the Thalheimer team to our organization,” Venture Metals CEO John T. Shaddox says. “I look forward to seeing the immediate benefits of combining our winning cultures and rich history to enhance value.”

Thalheimer, founded in 1939, is a nonferrous scrap metal processor of copper, brass, stainless steel and other metals, selling to foundries, refiners and mills globally. Thalheimer processes mixed loads of alloyed and nonalloyed scrap to produce blends with specific chemical properties required by its customers.

Mega Metals, founded in 1985 and acquired by Thalheimer in 2018, specializes in the recycling of titanium turnings and solids. The company’s titanium processing center offers a complete suite of recycling services, according to Venture Metals, which includes metal recycling, inspection and testing.

Thalheimer and Mega Metals will continue operating under the leadership of Thalheimer CEO Rich Reiner as sister companies to Venture Metals.

“This combination of Venture Metals and their globally respected brand with the legacy of Thalheimer Bros. is a great development for our employees, customers and suppliers,” Reiner says.

Venture Metals says highlights of the transaction include enhanced recycling capabilities, geographic expansions, increased capacity and increased ability to process copper.

The combined footprint includes seven processing facilities worldwide, with five in the U.S. and two in South Korea, as well as an office in Mexico.

“Thalheimer provides Venture with the ideal opportunity to increase our operational capabilities, extend our reach throughout the recycling industry and drive positive environmental change,” says Mike Uhrick, chairman of Venture Metals.

Alvarez & Marsal and Akin advised Venture Metals on the transaction. Bank of America provided debt financing.