Industrials M&A Transactions

Air, Space & Cyber Conference 2026

The 2026 Air, Space & Cyber Conference provides first-class professional military development, facilitates the sharing of emerging requirements and technologies, and helps fuel connections that advance the cause of air and space power.

BGL Managing Director Meghan Welch will be attending the conference and available to discuss emerging trends, technology developments, and investment opportunities across the space and defense sectors.

BGL’s Aerospace, Defense & Government Services (ADGS) investment banking team has decades of relevant experience and a network of long-standing relationships across a broad range of subsectors, including aerospace technology, aviation services & distribution, defense, space, and government technology & services.

To learn more about the trends driving aerospace and defense M&A, read her latest Insider, “Defense M&A Accelerates Amid Global Arsenal Rebuild.”

See Change Sessions 2026

At See Change Sessions 2026, attendees join a small cohort focused on the future of packaging—guided by a facilitator and leading experts—to dive deep into emerging trends, spark new ideas, and build meaningful industry connections. facilitator

BGL Managing Director Cael Pulitzer will be attending and available to discuss current trends and deal activity across the packaging sector.

BGL’s Packaging investment banking team brings decades of transaction experience and deep industry expertise across a wide range of substrates, formats, end markets, and business models. We offer a nuanced understanding of the trends driving sector growth and the key differentiators that set leading businesses apart. Our approach blends sector-specific insight with extensive global relationships and world-class transaction execution to guide clients through packaging M&A, divestitures, and capital raises.

To learn more about the latest trends driving packaging M&A, read Cael’s latest research piece, “The Packaging Distribution Market is Well Aligned with Mega Trends, Poised for Continued Growth.”

BGL Advises Camden Yards Steel Company

Camden Yards Steel acquired by Triple-S Steel Holdings

Client Description

Founded in 2002 by Mike Amato Sr. and Alan Kanoff, Camden Yards Steel is a well-established flat-rolled steel processor and distributor with facilities in Camden, New Jersey, and Columbia, South Carolina. Camden serves distributors and manufacturers throughout the eastern United States with hot rolled, cold rolled, coated sheet products and coil products.

BGL Announces the Sale of Camden Yards Steel Company to Triple-S Steel Holdings

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Camden Yards Steel Company (Camden Yards Steel), a flat-rolled steel producer and distributor, to Triple-S Steel Holdings (Triple-S Steel), one of the largest family-owned steel service center companies in North America. BGL’s Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Camden Yards Steel in the transaction.

The transaction highlights BGL’s experience advising businesses that operate in the ferrous and nonferrous metal processing industry.

Transaction Details

The new partnership will enhance Triple-S Steel’s ability to expand in the service center market and allow both companies to continue their family legacy while benefitting from existing synergies and complementary product offerings.
Camden Yards Steel will continue to operate under the leadership of Mike Amato Jr. and Alex Kanoff, with founder Mike Amato Sr. remaining actively involved in a senior role.
Camden’s New Jersey facility is part of the South Jersey Port Corporation and is located along the Delaware River, providing direct waterway access for shipments with domestic and international counterparties.
The transaction pairs two long-standing industry partners with shared values and customer-focused cultures, positioning Camden Yards Steel for continued growth under Triple-S Steel ownership.

About BGL’s Metals & Advanced Metals Manufacturing Investment Banking Team

BGL’s Metals & Advanced Metals Manufacturing team has deep sector knowledge and extensive Metals M&A transaction experience within major subsectors of the broader metals industry. Coverage includes mills and foundries, metals recycling, advanced metals manufacturing, and metal service centers.

Learn more here.

Meghan Welch Appears on Bloomberg TV’s Open Interest to Discuss Boeing’s Q2 2026 Earnings

BGL Managing Director Meghan Welch, of the firm’s Aerospace, Defense & Government Services investment banking team, recently joined Bloomberg TV’s Open Interest with Dani Burger to discuss Boeing’s latest Q2 2026 earnings and the broader outlook for the aerospace industry.

In the interview, Meghan explains why Boeing’s results tell a positive story overall, while noting that the next phase of its recovery will depend on sustained free cash flow and strong execution across its supply chain.

Meghan also discusses how increased aircraft production is creating opportunities across the middle-market aerospace supply chain, as strategic buyers and private equity firms pursue companies with specialized capabilities, available capacity, and critical positions within the broader manufacturing ecosystem.

To watch the full interview, visit Bloomberg’s website.

Cael Pulitzer quoted in, “Plastics M&A looking to rev back up in second half,” Plastics News

BGL Managing Director Cael Pulitzer, who leads the firm’s Packaging investment banking team, is quoted in a Plastics News article by Frank Esposito entitled, “Plastics M&A looking to rev back up in second half.”

In the article, Cael discusses how there is a potential for normalcy in the packaging market because there’s a large amount of capital overhang and the backlog of transactions that are likely to occur in the second half of 2026 and into early 2027.

For all of Cael’s insights, read the complete article on the Plastics News website.

Dan MacDonald Discusses Private Equity’s Appetite for Building Products Companies with PE Hub

BGL Director Dan MacDonald, a member of the firm’s Building Products investment banking team, recently highlighted the appeal of the building products sector to strategic and private equity buyers in PE Hub’s The Wire newsletter.

In the newsletter, Dan discusses the factors driving M&A activity and private equity interest in the sector, drawing on key findings from BGL’s latest Building Products Distribution Insider.

For all of Dan’s insights on building products M&A, download the recent Insider, “Building Products Distribution M&A Gains Momentum as Buyers Pursue Scale,” here.

And to read the full PE Hub article featuring Dan’s insights, click here (subscription required).

GlassBuild America 2026

Presented by the National Glass Association (NGA), 2026 GlassBuild America is the largest event for companies within the glass, window, and door industries.

BGL’s Co-Chief Executive Officer and Head of Industrials Andrew Petryk will be speaking on the panel session “Who’s Next: Building the Leadership Pipeline That Keeps Your Company Strong and Protects Long-Term Value,” on Friday, September 25^th, from 11:05 to 11:45 a.m. PT. This insightful session highlights how thoughtful succession planning can strengthen leadership continuity and business performance.

BGL Director Daniel MacDonald will also be attending the conference and available to discuss trends across the specialty glass and fenestration industries and opportunities in an evolving market.

Our Building Products investment banking team is highly experienced in the residential, commercial construction and infrastructure segments. We have successfully completed transactions across a wide range of end markets, from basic building materials such as aggregates, lumber, and pavers and pre-cast products, to complex fenestration extrusions, glass fabrications, curtain wall, and highly-engineered.

Meghan Welch quoted in, “War Tech Ignites M&A,” Mergers & Acquisitions

BGL Managing Director Meghan Welch, of the firm’s Aerospace, Defense & Government Services investment banking team, is quoted in an article published by Mergers & Acquisitions entitled, “War Tech Ignites M&A?”

In the article, Meghan discussed how AI-driven warfare is creating a new class of defense winners and sparking a wave of acquisitions across the aerospace and defense sector. Meghan noted that strategic acquirers and tech-forward defense platforms are increasingly pursuing companies that are platform agnostic and enable autonomy and next-generation mission capabilities rather than pure unmanned/robotics platform manufacturers.

Companies that are platform-agnostic and capable of integrating across multiple unmanned and robotic systems will be especially well-positioned to partner with large defense primes and emerging defense technology leaders as procurement cycles continue to accelerate.

For all of Meghan’s insights, read the complete article in the digital version of Mergers & Acquisitions Magazine’s July/August 2026 issue (page 18).

Building Products Distribution M&A Trends in 2026: Consolidation, Strategic Buyers, and Market Outlook

Despite a softer housing environment, M&A activity in Building Products Distribution has remained resilient, driven by continued interest from strategic acquirers and private equity firms seeking greater scale, broader geographic reach, and more comprehensive product and service portfolios.

Building Products Distribution led deal activity across the broader wholesale distribution industry in Q1 2026, with QXO (NYSE: QXO) committing more than $19 billion to acquisitions since January. Among the deals is the pending $17 billion purchase of TopBuild, announced in April. QXO also completed the $2.3 billion acquisition of Kodiak Building Partners in April. With the TopBuild acquisition, QXO aims to become the second-largest publicly traded building-products distributor in North America, with approximately 1,150 locations across the United States and Canada and combined revenue exceeding $18 billion. The two transactions follow the $11.3 billion acquisition of Beacon Roofing Supply in April 2025.

These large-scale acquisitions are likely to further accelerate consolidation across the sector, as local and regional suppliers look to merge to remain competitive with larger national platforms, according to a new industry report released by BGL’s Building Products investment banking team.

Building Products M&A Outlook for 2026 and 2027

As we move through the rest of 2026 and into 2027, we expect building products M&A activity to accelerate as the strategic rationale for consolidation remains strong, particularly in highly fragmented specialty distribution verticals, driven by the strategic value of scale, category breadth, and local service execution. Although buyers are likely to remain disciplined amid macroeconomic uncertainty, pent-up consolidation demand, sustained interest in high-quality niche distributors, and improving capital availability should continue to support transaction activity. Strategic acquirers are likely to remain the most aggressive buyers, supported by strong balance sheets and the realization of synergies, while private equity will remain highly active, particularly for add-on acquisitions that expand existing platform investments.

The full industrials report is available for free download and examines the competitive landscape, identifies where transaction activity has been most active, and highlights which markets remain fragmented and primed for further consolidation.

DOWNLOAD FULL REPORT

About BGL’s Building Products Investment Banking Team

Led by Andrew K. Petryk, BGL’s Building Products investment banking team is highly experienced in the residential, commercial construction, and infrastructure segments. We have successfully completed transactions across a wide range of end markets, from basic building materials such as aggregates, lumber, and pavers and pre-cast products, to complex fenestration extrusions, glass fabrications, curtain wall, and highly-engineered specialty coatings. Our expertise also extends to key interior and exterior products, including windows and doors, flooring, cabinetry, and other essential building components.