Validor Capital Acquires BICO Steel
“We are excited about BICO’s strong position in niche markets.”
Boca Raton, FL, October 16, 2018 — Validor Capital, a private investment firm, announced that it has acquired BICO Steel (“BICO” or the “Company”). BICO is a highly specialized processor of heavy carbon steel plate and forged specialty alloy steel with operations in Akron, OH and Grand Rapids, MI. All the members of the BICO senior management team invested alongside Validor in the transaction.
Founded in 1896, BICO is engaged in the production of quality-critical, high-performance products used in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas, amongst others.
Validor Capital’s focus on manufacturing and industrial companies, its principals’ decades of experience in supporting ownership transitions such as this, and the Company’s strong positioning make BICO an excellent fit for Validor.
About BICO Steel
Founded in 1896, BICO Steel is a highly-specialized processor of heavy carbon steel plate and forged specialty alloy steel used primarily in the production of quality-critical, high-performance products used in the molding, process equipment, stamping, and capital equipment industries. BICO’s customers serve a diverse group of end markets including aerospace, automotive, canning, paper conversion, consumer goods, building products, and oil and gas, amongst others. For more information, please visit www.bicosteel.com.
About Validor Capital
Validor Capital is a private investment firm that provides liquidity to family and founder owned industrial, manufacturing, and service businesses in the lower middle market. We seek situations where we can partner with management teams to leverage our combined expertise and deep industry relationships to create significant value. For more information, please visit www.validorcap.com.