Riverarch Equity Partners Invests in Metal Supermarkets

By: Metal Supermarkets | 0 Shares 295 Reads

December 19, 2024 // Franchising.com // Toronto, Ontario –Metal Supermarkets announced today that a private equity fund managed by Riverarch Equity Partners has acquired a majority interest in the company. The prior shareholders, including several additional members of the management team, retain a minority interest in the company.

Headquartered in Toronto, Ontario, Canada, Metal Supermarkets is known as the convenience stores for metal, providing solutions to customers’ metal needs in both the business-to-business and business-to-consumer categories. With a diverse product base and no-minimum order quantity, Metal Supermarkets has earned long-lasting relationships with customers by delivering a world-class customer service experience through offering 8,000 types, shapes and grades of metal, cut to customers’ exact specifications and ready fast.

“We are thrilled to be joining Riverarch’s portfolio.” said Stephen Schober, President & CEO. “After meeting with the Riverarch team and working through the diligence process, we believe they will further help position us to better serve our franchisees and customers.”

Based in Pittsburgh, PA, Riverarch Equity Partners is a middle-market private equity firm that invests in market-leading businesses where it can partner with management to support accelerated growth. Riverarch is currently investing from its fourth fund, a $1 billion private equity partnership.

Baird acted as the Company’s financial advisor for the transaction.

SOURCE Metal Supermarkets

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