MacArthur Co., a 110-year-old employee-owned building products distributor, has acquired American Metals Supply Co., Inc., a leading wholesale distributor of sheet and coil steel, prefabricated duct and fittings, and HVAC products.
Since 1962, American Metals Supply has focused on providing top-quality products and service to its customers. Today, with nine branch locations, American Metals Supply is distributing products in 12 states. According to a release, the transaction closed on May 1, 2023.
Founded in 1962 by Al Hassebrock in Springfield, Ill., American Metals Supply experienced substantial growth under three generations of family leadership, positioning itself as a prominent player in the HVAC distribution industry. In 2006, Chrissy Nardini assumed the role of president, succeeding her father, Steve Hassebrock. Under Nardini’s leadership, AMS expanded its operations, opening branches in Kansas, Oklahoma, Indiana, and Texas.
“We looked for a buyer who would enable us to keep our focus on our product mix, which is one of our key differentiators, and not have any duplication in locations," said Nardini. "MacArthur Company provides us with a compatible culture fit, strong financial fundamentals, and the ability for future employees to continue to achieve financial success."
Barrett Moen, CEO of MacArthur Company, said American Metals Supply shares his company's approach to business, with "a commitment to consistent, stable growth by providing exceptional customer service" and a desire to manage an organization focusing on long-term retention.
“We both have a strong heritage as successful distribution businesses that share an understanding of what it means to be industry leaders. With the acquisition of AMS both companies will be able to provide our customers with an enhanced portfolio of products," said Moen.
Steve Hassebrock, who played an integral role in the company founded by his father, will transition out of AMS as a result of this transaction.
“It has been both an honor and a privilege to have worked here for the last 52 years, and I have witnessed phenomenal growth and a magical transformation of a company that had a very humble beginning,” said Hassebrock. “And our future has never looked brighter.”
MacArthur Co. has more than 50 locations across the U.S., and supplies customers with everything from pipes to HVAC to commercial and residential roofing products.