Brown Gibbons Lang & Company announced today the sale of its client, Aerospace International Materials-OEM, LLC (AIM-OEM) and its affiliate, Supply Dynamics, LLC (Supply Dynamics), to O’Neal Steel, Inc., the largest family-owned metals service center in the United States.
Founded in 1993, AIM-OEM is one of the fastest growing material management companies serving the aircraft engine, airframe, and industrial gas turbine markets. By working seamlessly with its affiliate, Supply Dynamics, AIM-OEM leverages its exclusive access to OEM production schedules and sub-component manufacturer raw material needs to construct and execute value-added supply-chain inventory fulfillment programs for its global customer base.
Through the utilization of its proprietary supply-chain management software, Supply Dynamics leverages a large database of proprietary customer raw material needs into optimal inventory planning and sourcing decisions, otherwise referred to internally as Material Demand Aggregation (MDA). Supply Dynamics currently provides its MDA product offering, along with Surplus Management and Full Bill of Materials, to a diverse range of industries including aerospace, medical equipment, automotive, and electronics, among others.
AIM-OEM and Supply Dynamics engaged BGL to manage the combined sale process based on the firm’s well-established success in representing companies operating in the metals industry, including several recently closed and pending transactions.
Barry S. Bucher, a principal shareholder and chairman of the board, said, “Over the past several months, BGL worked seamlessly and tirelessly with our management team, legal and tax advisors, and the AIM-OEM family of employees and managed an incredibly thorough and meticulous process that resulted in the optimal transaction for the company and its employees.”
“BGL’s deep understanding of the entire metals distribution supply chain, together with its impressive relationships across the global metals market, enabled us to find the right partner to assist the AIM-OEM family in realizing its long-term growth opportunities,” said Tom Kennard, president and COO of AIM-OEM.
“We are truly excited about the future of AIM-OEM and Supply Dynamics, as we have seen, first hand, the merits of a partnership with O’Neal and the many successes it brings,” stated Effram Kaplan of BGL.
O’Neal is a leading full-line metals service center, stocking a vast inventory of diverse materials at its nearly 70 strategically located district operations across the country. O’Neal, which is the largest family-owned metals service center in the United States, also provides its customers with high-quality multi-stage metals processing. Additional information about O’Neal is available at www.onealsteel.com.