Industry: Industrials / Distribution
Transaction: Sale to Strategic Buyer


Timberline Steel ("Timberline"), a family-owned and privately operated company, is a full-line steel service center. Founded in 1958, Timberline's four facilities include the largest and most comprehensive processing facilities in the Rocky Mountain region.

Having spent nearly 50 years building Timberline, the owners decided to liquidate their equity positions. GMB was retained as Timberline's exclusive financial advisor in the sale of the company.

GMB conducted a broad auction process that included both financial and strategic buyers, targeting those potential buyers who understood the steel industry's cyclicality. GMB successfully negotiated the strategic sale of Timberline Steel to O'Neal Industries, a full-line metals service center with a vast array of products, more than 60 locations and multi-stage processing capabilities.

O'Neal Steel, based in Birmingham, AL, is the United States' largest family-owned metals service center. The acquisition of Timberline broadened O'Neal's core product and processing capabilities as well as extended its geographic coverage into the Intermountain West.

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