Polished Metals Limited Company Profile

Background

Overview

Founded in 1979, Polished Metals Limited is a leading polisher and supplier of architectural and ornamental metals in North America. The company specializes in providing a variety of finishes and metals to diverse end markets, including the architecture and design community, elevators, escalators, transportation, and more. Headquartered in Hillside, New Jersey, with an additional production facility in El Monte, California, Polished Metals maintains a diverse customer base throughout North America.

Mission and Vision

Polished Metals is committed to delivering superior quality polished metals and exceptional customer service. The company's mission is to provide best-in-class metal polishing services, ensuring unparalleled customer satisfaction from order to delivery. Its vision is to be recognized globally for the quality and consistency of its finishes and the level of customer service it offers.

Key Strategic Focus

Core Objectives

Quality Assurance: Maintaining superior and consistent quality through in-house manufacturing and polishing by skilled craftsmen.

Customer Service: Ensuring complete customer satisfaction with a commitment to on-time delivery and responsive service.

Market Expansion: Growing the customer base and expanding presence across North America through strategic acquisitions and organic growth.

Areas of Specialization

Polished Metals specializes in polishing and supplying various metals, including:

Stainless Steel: Sheet metal, flat bars, plates, round bars, pipes, extruded shapes, channels, tubes, angles, square bars.

Muntz Metal/Naval Brass: Sheet metal, plates.

Aluminum: Extruded shapes, tubes, pipes, channels, angles, square bars, flat bars, sheet metal, plates, round bars.

Commercial Bronze: Sheet metal, plates, flat bars.

Brass: Sheet metal, flat bars, square bars, plates, round bars, angles, channels, pipes, tubes, extruded shapes.

Copper: Sheet metal, plates.

Key Technologies Utilized

The company offers a range of in-house metal finishing options, including:

#8 Mirror Finish

#8 Super Mirror Finish (Non-Directional Mirror Finish)

#7 Prebuff Finish

Bright Annealed Finish

Long Grain (Hairline)

Non-Directional Satin

#6 Satin Finish

Cross-Grain Satin

#4 Satin Finish

#3 Satin Finish

#2B/Mill Finish

Custom Metal Finish

These finishes are available across all metal types offered by the company.

Primary Markets Targeted

Architecture and Design Community

Elevators and Escalators

Transportation

Construction

Manufacturing Industries

Financials and Funding

Funding History

In February 2020, Polished Metals was acquired by Sky Island Capital, a Dallas-based lower middle-market private equity firm. The financial details of the transaction were not disclosed.

Utilization of Capital

The partnership with Sky Island Capital aims to leverage growth opportunities, enhance operational capabilities, and better serve the company's diverse customer base.

Pipeline Development

Key Developments

Polished Metals has expanded its operations through strategic acquisitions:

Pride Metal Polishing: Acquired in June 2021, this Los Angeles-based metal polisher services metal distributors, fabricators, architects, and designers with commercial and custom-residential metal finishing and polishing.

Architectural Metal Polishing: Acquired in July 2021, this Union, New Jersey-based company supplies stainless steel, Muntz metal, brass, copper, and aluminum in various forms and finishes.

Target Conditions and Milestones

These acquisitions aim to strengthen Polished Metals' market position, expand its geographic footprint, and enhance its service offerings to meet the evolving needs of its customers.

Technological Platform and Innovation

Proprietary Technologies

Polished Metals utilizes advanced in-house polishing equipment and techniques to deliver high-quality finishes. The company's 50,000 sq. ft. facility in Hillside, New Jersey, is equipped with state-of-the-art machinery operated by skilled craftsmen.

Significant Scientific Methods

The company employs various polishing methodologies to achieve desired finishes, including mechanical polishing, chemical treatments, and custom finishing processes tailored to client specifications.

Leadership Team

Key Executives

Jeff Watson, Chief Executive Officer: With over 20 years in the metal supply and finishing industry, Jeff has held various roles, including positions at Worthington Industries.

David Lazarus, President: David has been with Polished Metals since 1981, holding a degree in economics and business from Syracuse University. He has progressed from production line roles to his current position.

Daniel Martin, Chief Financial Officer: Serving as CFO since the acquisition by Sky Island Capital in 2020, Dan holds a Bachelor of Science degree and has extensive experience in financial management.

Leadership Changes

In February 2020, following the acquisition by Sky Island Capital, Jeff Watson was appointed as CEO, bringing over two decades of industry experience to the role.

Competitor Profile

Market Insights and Dynamics

The metal polishing and supply industry is characterized by a competitive landscape with several key players offering a range of services. The market is driven by demand from sectors such as construction, transportation, and manufacturing.

Competitor Analysis

Russel Metals Inc.: A Canadian metals distribution and processing company, Russel Metals operates across North America, serving various industries with a broad range of metal products.

Commercial Metals Company (CMC): Headquartered in Irving, Texas, CMC produces rebar and related products for the construction industry, operating numerous facilities in the U.S. and Poland.

Strategic Collaborations and Partnerships

Polished Metals' partnership with Sky Island Capital has facilitated strategic acquisitions, enhancing the company's market position and expanding its capabilities. The acquisitions of Pride Metal Polishing and Architectural Metal Polishing have strengthened the company's presence on both the East and West Coasts of the United States.

Operational Insights

Strategic Considerations

Polished Metals differentiates itself through in-house manufacturing and polishing, ensuring superior quality and consistency. The company's strategic location near major transportation hubs enables efficient distribution across North America.

Competitive Advantages

Comprehensive Inventory: Maintaining a large inventory of various metals and finishes to meet diverse customer needs.

In-House Processing: Ensuring quality control and timely delivery through in-house manufacturing and polishing.

Customer Service: Commitment to unparalleled customer service from order to delivery.

Strategic Opportunities and Future Directions

Strategic Roadmap

Polished Metals aims to continue its growth trajectory through:

Organic Growth: Enhancing operational efficiencies and expanding service offerings.

Acquisitions: Identifying and integrating complementary businesses to broaden market reach.

Innovation: Investing in advanced technologies and processes to maintain a competitive edge.

Opportunities for Expansion

The company is exploring opportunities to expand its geographic footprint and diversify its product offerings to cater to emerging market demands.

Positioning for Future Objectives

Leveraging its strengths in quality, customer service, and strategic partnerships, Polished Metals is well-positioned to achieve its future growth objectives and maintain its leadership in the metal polishing industry.