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Banner Industries, comprising Banner Service Corporation, Banner Medical Innovations, Banner P&M Supply, Edge International, and Supra Alloys, announced that MiddleGround Capital, a private equity company that acquired Banner in 2019, acquired National Kwikmetal Services (NKS) and added it to the Banner platform.
NKS is a specialty metal services provider focused on small to medium-size customers with no minimum purchasing volumes. NKS provides differentiated metal products and processing capabilities across medical and other markets.
Banner Industries is a supplier of precision ground bar, centerless grinding, turning, straightening and other value-added services. Materials include carbon and alloy steel, stainless steel, aluminum, brass, nickel alloys and titanium.
“NKS’ unique position within their elected markets allows them to seize the opportunity to serve customers more effectively than other large traditional service centers,” said Dan Stoettner, Banner Industries CEO. “With the additional capabilities they bring to Banner, we look forward to what this next phase of growth means for our collective customers.”
Source: MiddleGround Capital
