February 1, 2024 – Richmond, VA – Sparkstone Capital Advisors, LLC (“Sparkstone”) is pleased to announce the sale of Ideal Steel to Ambassador Supply for an undisclosed target price. The acquisition strengthens both companies’ commitments to providing high-quality products and impacting the industry. This strategic investment by Ambassador Supply continues to expand its portfolio in residential and commercial construction, lumber and building materials, manufacturing, distribution and building technology. Sparkstone was the exclusive financial advisor for Ideal Steel.
Founded in 2002, Ideal Steel, located in Broussard, Louisiana, has spent over two decades dedicated to offering ideal building solutions that surpass industry standards and exceed customer expectations. With a focus on delivering cost-effective, high-quality buildings in a timely manner, Ideal Steel has solidified its position as a leading manufacturer and supplier in the industry. This commitment to excellence has allowed it to serve a diverse range of markets, including industrial, commercial, agricultural, and residential sectors, over the past 20 years.
Ambassador Supply, headquarted in For Wayne, Indiana, is an investment and management firm specializing in the residential and commercial construction sector. It invests for eternal, cultural, and financial returns in the lumber and building materials; development, manufacturing, and distribution; and building technology sectors.
Brad Crawford, CEO of Ambassador Supply, stated, “We’re thrilled to welcome Ideal Steel to the Ambassador Supply team. With an alignment of visions strengthened by our shared values, we know this strategic partnership will make a positive impact on the market.”
Ideal Steel’s President John Tolson IV had this to say about the deal, “Working with Ambassador Supply will provide our company with new opportunities for collaboration and innovation, as well as an expanded market presence – all while continuing to provide our customers with the same high-quality service they know and trust.” He added further, “We believe this is a great opportunity to grow our business and create a lasting impact in our industry and in our community.”
Sparkstone is a financial advisory firm focused on mergers, acquisitions, and capital raising in the energy and industrial sectors. It is a division of Frontier Solutions, LLC which is a member of FINRA/SIPC. Sparkstone was founded in 2018 by three partners with decades of collective energy M&A experience. The firm’s goal is to provide independent and unbiased client service, execute transactions efficiently with senior-level bankers, and develop meaningful long-term relationships. More information can be found at www.sparkstonecap.com.