Atlas Holdings to acquire Banker Steel

Atlas Holdings, through its operating company, Bridge Fabrication Holdings, together with Turnspire Capital Partners partnered with Don Banker to acquire Banker Steel Co., a structural steel fabrication business based in Lynchburg, Virginia. Don Banker will continue as the company’s CEO and will retain a significant ownership interest. Further terms of the transaction were not disclosed.

Banker Steel is a fabricator of structural steel components used in commercial and infrastructure projects. Founded in 1997 by Don and Carol Banker, the company provides value-added services throughout the construction process, beginning with design assistance and extending through Banker Steel’s strong network of sub-contractors and erectors used to assemble projects on site. The company operates from two fabrication facilities in Lynchburg, Virginia and one in Orlando, Florida, which aggregate a total of 340,000ft2 with a capacity of 600,000 man-hours, or production of up to 50,000 tons of steel fabrications per annum. The company has been the fabricator of choice on a number of marquee projects, including Barclays Center in Brooklyn, NY, the award-winning Washington Nationals Park in Washington, D.C., and the Hudson Yards, the largest mixed-use development in New York City since Rockefeller Center.

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