Steel Craft

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Investment Date:
May 2019
Exit Date:
Current
Fund:
Fund I
Sector:
Metal Fabrication, Welding, Stamping, Painting/Coating
Headquarters:
Hartford, WI
Footprint:
4 facilities in Wisconsin
Revenue:
~$130M
End Markets:
Lawn & Garden, Infrastructure, Electrical, Construction

Steel Craft is a leading contract manufacturer providing fabrication, welding, coating, and stamping services to a diverse range of industrial OEM customers. As a vertically integrated player of scale in highly fragmented market, Steel Craft is a preferred partner to its customer base.

Add-On Criteria

  • Geography: Southeast/South US, Mexico
  • Size: $8M+ of EBITDA; $50M+ of sales, track record of organic growth
  • End markets: agriculture, aerospace, military, industrial automation, electrical, food processing, infrastructure
  • Capabilities/services: machining, short run stamping, existing capabilities

Steel Craft Company Management

Tom Verbos

CEO

Tom Verbos joined Steel Craft in 2013 as Vice President of Sales and was promoted to CEO in 2018. He previously spent 14 years in various roles at Mayville Engineering Company. Tom has a B.S. and M.B.A. from Concordia University-Wisconsin.

Ken Daiss

CFO

Ken Daiss joined Steel Craft as CFO in 2019. He previously spent 7 years as CFO at Defiance Metal Products. Ken has a B.B.A. in Accounting from Armstrong State College.

Independent Board Members

Doug Hoerr

Retired

Doug Hoerr spent 20+ years in various management roles at Caterpillar, most recently as Vice President – Mining Division and Vice President – Components & Logistics. Doug has a B.S. in Accounting from the University of Illinois.

Bill Whalen

Consultant / Self Employed

Bill Whalen has an extensive background in financial leadership positions across public, private, and financial sponsor owned businesses. Bill has a B.S. in Accounting from Duquesne University and an M.B.A. from the University of Virginia.

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