Advised Brady plc, a leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, in its acquisition of Systems Alternatives International LLC a leading solution provider to the metal recycling markets.
Goldenhill advises Brady plc in its acquisition of Systems Alternatives International LLC
Goldenhill’s sixth transaction advising Brady, first transaction in North America
November 12, 2012 – Goldenhill International M&A Advisors today announced that it acted as M&A advisor to Brady plc (“Brady”) the leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors in its acquisition of Systems Alternatives International LLC (“SAI”), a privately-owned company based in the U.S. SAI is a leading software solution provider to the metal recycling markets, focusing on both ferrous and non-ferrous.
Brady’s strategy is to complement organic growth with the acquisition of suitable companies to enhance the Company•s product offering and customer base. The Company believes that there is a strong opportunity to continue to consolidate the energy, metals and commodity software markets and that the acquisition of SAI will be a key step in developing its metals business and further assist in reaching overall critical mass and scale.
SAI is located in Ohio at the heart of the metal and steel producing and consuming industries. SAI provides a multi-national, multi-location solution for the recycling market aimed primarily at processors, brokers, exporters and consumers in the ferrous, non-ferrous, stainless and special steel alloy market sectors and to a lesser extent to the precious metals and paper market sectors. SAI has also recently launched a new solution designed to handle supply chain management of steel mills, serving both integrated and non-integrated mills. SAI has been operating since 1981 and, although its clients are based primarily in North America, it has also installed its software at customer sites in the Asia Pacific region.
Commenting on the contribution of Goldenhill to the just completed transaction, Gavin Lavelle, CEO of Brady said, “We have worked closely since 2008 with Goldenhill to assist us in all aspects of the M&A process including this transaction announced today. Their knowledge of the FinTech sector, presence on both sides of the Atlantic and experience in the M&A process have been of real value to us. Goldenhill has demonstrated real commitment and flexibility in working with us and we look forward to continuing our working relationship with them.”
About Goldenhill International M&A Advisors
With offices in London, San Diego and Buenos Aires, Goldenhill’s business is to advise our clients in M&A engagements. Our engagements include providing services to Sellers or Buyers in M&A projects in the UK, USA, Europe, Latin America, Canada, Australia. We have extensive experience and a specific emphasis in technology businesses and many of our engagements result in cross-border transactions.
November 12, 2012