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Matrix Serves as Exclusive Advisor to Banker Steel Company on its Recapitalization with Atlas Holdings LLC and Turnspire Capital Partners

RICHMOND, VA – August 5, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the recapitalization of Banker Steel Company (“Banker Steel”) with Atlas Holdings LLC, through its operating company, Bridge Fabrication Holdings, LLC, (“Atlas”) and Turnspire Capital Partners (“Turnspire”). Banker Steel, based in Lynchburg, VA is a leading fabricator of structural steel components used in high profile commercial, residential, and infrastructure projects located throughout the United States. Notable projects include the Barclays Center, the Washington Nationals Park, and the Hudson Yards project, the largest private real estate development in the history of the United States.

The company operates from two fabrication facilities in Lynchburg, VA and one in Orlando, FL which aggregate a total of 340,000 square feet with a fabrication capacity of up to 50,000 tons of steel per annum.

Matrix Capital Markets Group served as exclusive financial advisor to Banker Steel. The transaction was led by Jeff Moore, Managing Director, David Keys, Director and Brady Hill, Senior Analyst. Jeff Moore, commented, “Working with Don Banker and his team to recapitalize his company and obtain partners that can assist Banker Steel with pursuing its growth objectives was an extremely satisfying experience.” Don Banker, President and CEO of Banker Steel stated, “Jeff Moore and his team did a great job dealing with the complexities of our markets and bringing us together with our new partners. Partnering with Atlas is a great opportunity for the company and our employees. We were looking for investors that brought more than capital, had a long term focus, and understand the dynamics of our industry. Atlas and Turnspire are active and supportive partners.”

Atlas Holdings LLC is an industrial holding company headquartered in Greenwich, Connecticut. Atlas employs approximately 12,000 people globally at more than one hundred facilities worldwide. Atlas operates in a number of industrial sectors, including automotive, building materials, capital equipment, energy, industrial services, packaging, pulp, paper, and tissue, steel, and logistics, supply chain management and distribution. Atlas’ portfolio companies generate in excess of $3 billion dollars in revenues annually.

Turnspire Capital Partners is a private investment firm focused on acquiring high-quality businesses that have reached strategic, operational or financial inflection points and stand to benefit from a hands-on, operationally focused approach. Legal counsel for Banker Steel was Gentry Locke Rakes & Moore, LLP.

About Matrix Capital Markets Group
Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA. Since 1988, Matrix has provided merger & acquisition and financial advisory services for privately-held, private-equity owned and publicly traded companies, including sell-side M&A advisory, recapitalizations, asset divestitures, corporate valuations, corporate recovery, buy-side M&A advisory, capital raises of debt and equity, management buyouts, corporate advisory and fairness opinions. Matrix has served clients in a wide range of industries, including building products, business services, consumer products, energy & multi-site retail, healthcare, industrial products, lumber and media & communications. For additional information, please visit www.matrixcmg.com.

Securities offered by Matrix Private Equities, Inc., an affiliate of Matrix Capital Markets Group,  Inc., Member FINRA & SIPC.