Footprint Capital (“Footprint”) acted as the exclusive buy side advisor to Sperlazza Family Holdings, LLC (“Sperlazza Holdings”) in the acquisition of Webb Metals, Ltd. (“Webb Metals”). Footprint led the search for a metal recycling business in North and South Carolina. After nearly a year engaged in the search effort and after talking in depth to several other targets, Webb was identified as a possible acquisition target as the 2nd generation brother and sister owners were nearing retirement age. Footprint led the negotiation of the deal, assisted in obtaining the bank financing, and coordinated all aspects of the transaction.
Sperlazza Holdings is led by Stephen R. Sperlazza, who has extensive experience operating in several capacities across a broad array of industries. Stephen most recent served for the last fourteen years as President and COO and minority equity partner of a holding company. He has a successful track record leading a broad-based portfolio of companies serving numerous markets including Global Tier-1 Automotive, commercial truck, after market, construction, mining, agricultural, equipment, aerospace, and military markets.
Webb Metals, founded in 1966, is a family-owned and long-established metals and plastics recycling business based in Dallas, North Carolina. The company’s customers include both commercial and industrial businesses that use scrap metal as a byproduct of their construction, manufacturing, or other business activities. For more information, visit: www.webbmetalsrecycling.com.
Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.