United Milwaukee Scrap Merges with Schulz’s Recycling, Inc.
Milwaukee, Wis. – Oct. 2, 2013 — United Milwaukee Scrap, LLC (UMS) announced today that it has merged its operations with Schulz’s Recycling, Inc. of Merrill, Wis., creating a new company with eight locations across Wisconsin, with additional offices in Minneapolis and Boston. In addition to the expanded geographic footprint provided by the merger, the combination of the two firms broadens the availability of resources for both company’s customers. Jeff Isroff, the current president of Schulz’s Recycling, will assume the role of CEO for the combined company. The two companies will retain the name of their respective businesses.
“We believe this merger provides us with an extraordinary opportunity to better serve the expanding needs of our customers and provide further opportunity to our employees,” said Isroff. “I am looking forward to working with all three of UMS’s current principals: Art Arnstein, Steve Lewinsky, and Rick Mechanic. This new, larger organization will allow us to attract new talent, broaden our products/commodities, and expand our geographical reach.”
Stout Risius Ross Advisors, LLC (SRRA) led by Vince Pappalardo served as exclusive financial advisor to UMS in connection with this transaction.
About United Milwaukee Scrap, LLC
United Milwaukee Scrap (UMS) serves the recycling needs of industrial scrap metal generators and consumers across the U.S. including manufacturers, contractors, scrap yard dealers, and the general public. The company has six locations throughout Milwaukee, with offices in Minneapolis and Boston. UMS provides superior customer service, fast and flexible payment terms, and innovative cutting-edge processes that help us to provide our customers with some of the best value for their scrap available. For more information, visit www.umswi.com.
About Schulz’s Recycling, Inc.
Schulz’s Recycling is a Merrill, Wis. based ferrous and non-ferrous scrap processor with a second yard in Wausau, Wis. Steve and Dan Schulz will remain as shareholders after the transaction. Schulz’s operates on approximately 20 acres with three buildings and employs approximately 23 full time employees. For more information, visit: www.schulzsrecycling.com.
About Stout Risius Ross, Inc.
SRR is an independent, financial advisory firm specializing in Investment Banking, Valuation & Financial Opinions, and Dispute Advisory & Forensic Services serving Fortune 500 corporations to privately held companies in numerous industries around the world. SRR is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm. For more information, visit: www.SRR.com.