Economy
March 28, 2018
Pappalardo: Metals Market’s Ripe for M&A
Written by Tim Triplett
The metals market in the United States is ripe for mergers and acquisitions in 2018 and 2019, reported investment banker Vincent Pappalardo, managing director of Brown Gibbons Lang & Co., who spoke at the S&P Global Platts steel conference March 20 in Chicago.
Valuations are up across the board. Family-owned firms that missed the opportunity to sell in 2006 before the crash are anxious to finally cash out. “Pricing is good, and the baby boomers are ready to retire,” he said.
