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, Midwest
  • Size: $5M+ of EBITDA; $30M+ of sales, track record of organic growth
  • End markets: agriculture, aerospace, military, industrial automation, electrical, food processing, infrastructure, data centers
  • Products/applications: weldments, light to medium gauge fabricated components, stamped components
  • Capabilities/services: machining, short-run stamping, coating, complementary capabilities

Steel Craft Company Management

Kevin Stevick

CEO

 

Barry Green

Interim-CFO

Barry Green is a recognized expert in implementing constructive change in companies undergoing or requiring transformation.  He has run and revived distressed companies and has nurtured businesses through the turmoil that can accompany rapid growth.

Barry has also conducted and led numerous due diligence reviews for equity sponsors and lenders. Prior to the formation of HunterPoint, Barry was a founding partner of Coeus Management LLC, and before that a managing director at middle market boutique turnaround consulting firm, during which periods he led a number of successful turnaround and restructuring in the roles of Chief Restructuring Officer and financial advisor, and held several board positions as audit committee chair.  His prior experience included director and CFO of an international airline food and equipment distribution company and similar posts in the consumer electronics and home improvement industries.

Barry, originally from the UK, is a chartered accountant, has an MBA with distinction from the Wharton School, University of Pennsylvania, and a bachelor’s degree in Econometrics from the University of Manchester in the UK.  Barry currently sits on the board of Katun Corporation, one of the world’s largest supplies of OEM-compatible imaging consumables and supplies for office equipment, as an independent director and chair of the audit committee.  Barry is a member of the Turnaround Management Association (TMA) and the American Bankruptcy Institute, and is a former board member of the TMA Northeast Chapter,

 

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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