Chicago, IL - October 1, 2018 - BDO Capital Advisors, LLC (“BDO Capital”) is pleased to announce the sale of Security Steel Supply Co. (“Security Steel” or the “Company”) to Dayton Parts, LLC, a portfolio company of AEA Investors LP (“AEA”). BDO Capital served as exclusive financial advisor to Security Steel, providing a dedicated senior-level approach to guiding the Company’s President through the sale process. This transaction enhances BDO Capital’s metals and distribution experience, particularly having closed the deal amidst volatility and tariffs in the steel industry.
Security Steel, a privately owned and family operated business based in Kankakee, IL, is a supplier of 5160H alloy spring steel and automotive leaf spring suspension components serving the aftermarket and OEM sectors of the leaf spring industry. Founded in 1964, Security Steel is well-established in its industry, and benefits from strong brand equity and an outstanding reputation for delivering top-quality products coupled with highly responsive customer service.
Dayton Parts manufactures aftermarket leaf springs and distributes undercarriage parts for a diverse range of independent repair facilities and local, regional and national warehouse distributors. Dayton Parts has built a unique, national distribution footprint, enabling the company to successfully penetrate adjacent product categories, such as steering, brake and wheel-end replacement parts.
David Demers, President of Security Steel, commented, “This transaction was the best possible outcome for me and Security Steel. Our family business could not have achieved this result without the help of BDO Capital, who worked closely with us through the process providing skilled guidance and support. We closed a very favorable transaction with a buyer that is an excellent fit strategically and culturally, and I am confident that I picked the right advisor to work with in BDO Capital.”
