Heidi Paiva, CEO of All Metals Industries. (Courtesy photo)
All Metals Industries, a Belmont-based distributor of metal products with customers throughout the Northeast, has been acquired by Salt Creek Capital, a San Francisco Bay Area-based private equity firm. The value of the deal was not disclosed.
Salt Creek Capital partnered with Heidi Paiva, CEO, and Paul Koza, president, of All Metals Industries (AMI) and the rest of the management team to acquire the company from long-time owner Terry W. Robinson, who founded the company in 1986 and is retiring. “Leading the growth of this company over the past decades has been incredible. I’m pleased to have worked with Salt Creek Capital on this transaction, and I am confident that I chose the right partners to take the company to the next level,” Robinson stated.
Paiva says Salt Creek was attracted to AMI as it is a business that continues to thrive despite the pandemic. “They see the potential for growth,” she says. “They wanted to keep everyone here. They are not looking to take over. Everybody gets to keep their job.” AMI has 47 employees and did not lay off anyone during the pandemic nor through this acquisition, Paiva says.
“We were considered essential, so we never had to shut down,” she says, crediting AMI’s ability to weather the pandemic to its diverse customer base. She notes AMI actually saw revenue increase during the pandemic.
Koza says the acquisition allows AMI, which has distribution centers in Bow, NH, and Meriden, Conn., with an opportunity to enhance its internal controls and processes, and expand its service area further into New York and beyond.