DBM Global Inc. (OTCPK:DBMG) entered into an agreement to acquire Banker Steel Company, LLC from Atlas Holdings LLC, Banker Family Irrevocable Trust #3, Bridge Fabrication Holdings LLC, Chesley F. McPhatter, III and Richard Plant for $145 million on March 12, 2021. The purchase consideration includes assumption of indebtness. The transaction is subject to the satisfaction or waiver of certain customary closing conditions, including (a) the accuracy of each party’s representations and warranties (subject to customary materiality qualifiers), (b) each party’s compliance with its agreements and covenants contained in the agreement, (c) DBM Global obtaining equity and debt financing on terms and conditions satisfactory to Buyer, (d) the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, having expired, and (e) the absence of any law, ordinance, rule, regulation, order, judgment or decree being in effect that restrains or enjoins, or otherwise prohibits or makes illegal, the consummation of the acquisition. The transaction is expected to close in the second quarter of 2021. The transaction is expected to be accretive from day one. Jason M. Peters of King & Spalding LLP acted as legal advisor to Bridge Fabrication Holdings, Chesley F. McPhatter, III, Richard Plant. Daniel M. Mahoney of Snell & Wilmer L.L.P. acted as legal advisor to DBM Global Inc. DBM Global Inc. (OTCPK:DBMG) completed the acquisition of Banker Steel Company, LLC from Atlas Holdings LLC, Banker Family Irrevocable Trust #3, Bridge Fabrication Holdings LLC, Chesley F. McPhatter, III and Richard Plant on May 27, 2021. DBM entered into a new credit agreement that provides $110 million term loan and a $110 million revolving credit facility, which will be used to fully repay DBM's existing debt, fund a portion of Banker Steel acquisition and provide working capital capacity. The purchase price of $145 million was financed with $64.1 million from the proceeds of the new term loan/revolving credit facility, $49.6 million of seller's notes, $6.3 million of assumed debt of Banker Steel, and $25 million in cash received from HC2 settlement of certain intercompany balances. Don Banker, Chief Executive Officer, and his executive team will continue their key roles with Banker Steel.