DBM Global Inc. 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.
March 14, 2021
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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. provides design, construction, and asset management solutions through its portfolio of companies. The Company offers integrated steel construction services from a single source and professional services, which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and steel management systems. It focuses on market segments, including commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. The Company has operations in the United States, Australia, Canada, India, New Zealand, the Philippines, Singapore, Thailand, and the United Kingdom.
DBM Global Inc. 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.
DBM GLOBAL INC. 
