An investment group led by Paul Hylbert, former CEO of ProBuild Holdings, and Boreas Advisors have announced the acquisition and recapitalization of Barton Supply.
Barton Supply is a fabricator and distributor of structural and reinforcing steel products and accessories with locations in Aurora, Colorado Springs and Fort Collins, Colo., serving general contractors, foundation and framing sub-contractors, and home builders.
Over the past five decades, Barton Supply has grown to three locations and added bending, cutting and welding capability to fabricate reinforcing steel products, as well as structural steel beams, posts and columns.
“We are pleased to be partnering with Barton Supply as a committed, long-term investor and, particularly, that both Don and Scott Barton will be a part of the key management team, as well as fellow investors,” Hylbert said. “Scott will continue to head our sales and marketing efforts as the VP sales, and Don will lead manufacturing and distribution as the VP operations.”
Boreas Advisors partners Steve Swinney and Brian Cleveringa will take over the roles of CEO and CFO, respectively for the company.
Hylbert and Boreas Advisors partnered in 2011 to invest in housing- and building products-related companies with a long-term, build-and-grow strategy.