Operating subsidiaries of The Burger Iron Company have been acquired by Validor Capital
Operating subsidiaries of The Burger Iron Company have been acquired by Validor Capital

Operating subsidiaries of The Burger Iron Company have been acquired by Validor Capital

Validor Capital has acquired the stock of operating subsidiaries of The Burger Iron Company (collectively “BICO Steel”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to BICO Steel. Terms of the transaction were not disclosed.

BICO Steel, headquartered in Akron, Ohio, USA, is a value-added distributor of specialty carbon plate and alloy tool steel products. With multiple facilities in close strategic proximity to its major markets, BICO Steel offers high quality specialty steel products and a comprehensive suite of other services to its customers.

Validor Capital is a Boca Raton-based private investment firm that specializes in manufacturing and industrial service industries. Since its inception in 2012, Validor Capital aims to partner with management teams that have demonstrated a track record of success.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.