Continuing the legacy of Anker Industries
Continuim Equity Partners (“Continuim”) is proud to announce its recent acquisition of Anker Industries (“Anker” or “Company”). Founded in 1975 and headquartered just outside of Pittsburgh, PA, Anker is a leading manufacturer of metallurgical powders and briquettes in addition to providing aluminum processing and slag design services for the largest steel producers across North America.
Continuim is excited to partner with Rich Antonelli, President and former owner of Anker Industries, who will remain an active member of the leadership team in addition to being a member of the Company’s Board of Directors. Together with the dedicated team at Anker, Continuim looks forward to supporting the next chapter of growth and success for the Company.
By implementing Continuim’s Efficiency Driven Growth Engine ("EDGE"), we will enhance Anker’s strong Lean culture and operating principles, expand and diversify the Company’s product offerings, and pursue strategic add-on acquisitions. These initiatives, coupled with recruiting additional employees to join the Company, will enable Continuim to build upon the legacy created by the Antonelli family.
Rich Antonelli commented, “I am very excited to partner with Continuim and to remain with the business to assist in executing the next phase of growth of Anker. From the beginning, working with Continuim has been a smooth, transparent, fun and rewarding process.”
George Pilafas, Managing Partner of Continuim, said “Anker represents a great opportunity for our team to utilize our collective skill sets and new strategic plan to foster growth and continuous improvement. Being aligned with management and combining their deep industry knowledge with our principles to achieve the Company’s growth objectives is an exciting dynamic.”
We would also like to thank the teams at S&T Bank and Metz Lewis Brodman Must & O’Keefe for their effort and support with the transaction.
About Continuim Equity Partners
Continuim Equity Partners is a Pittsburgh-based private equity firm that focuses exclusively on acquiring successful family and founder-owned industrial businesses ranging from $3MM to $10MM of EBITDA.
We bring proven operating strategies and committed capital from ex-Fortune 500 level industrial executives to support businesses within the manufacturing, value-added distribution, and industrial maintenance sectors. Our name is derived from what we consider most important to the growth of industrial businesses — continuous improvement.