Audax-backed Thalheimer Brothers buys Mega Metals

Thalheimer Brothers, a portfolio company of Audax Private Equity, has acquired Phoenix, Arizona-based Mega Metals, a provider of titanium recycling services. No financial terms were disclosed.

PRESS RELEASE

Thalheimer Brothers, a portfolio company of Audax Private Equity, announces the acquisition of Mega Metals

THE COMPANY

Headquartered in Phoenix, AZ, Mega Metals is a global leader in the recycling of titanium turnings and solids. Its state-of-the-art titanium processing center in Phoenix, AZ offers complete titanium recycling services from scrap metal recycling to inspection and testing to assure high quality in its finished products.

THE DEAL
Thalheimer Brothers (“Thalheimer”) announced its acquisition of Mega Metals. Terms of the transaction were not disclosed.

THE THESIS
Audax acquired Thalheimer in 2012 as a leader in non-ferrous scrap metal processing. Over the last several years, Thalheimer has entered the aerospace industry by processing hi-temp alloys, and the addition of Mega Metals further expands the company’s expertise into the titanium market. Following this acquisition, Mega Metals will continue to operate as a division within Thalheimer and maintain operations from its Phoenix location with no changes to its leadership.

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