We acted as exclusive financial advisor to investment company Audax Group of Boston, in the recapitalization of Thalmeier Brothers, Inc., based in Philadelphia.
Thalmeier is a nonferrous scrap metal processor of brass, copper, nickel alloy, and stainless steel sold to foundries, refiners, and mills. Thalmeier processes mixed loads of alloyed and nonalloyed scrap to produce complex blends with the specific chemical properties required by its customers.
Audax Group is an investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion under management in its private equity, mezzanine, and senior debt funds.