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Benchmark International Successfully Facilitated the Transaction Between Fredericksburg Machine & Steel, LLC and SRF, LLC

June 27, 2024

Benchmark International has successfully facilitated the transaction between Fredericksburg, VA-based Fredericksburg Machine & Steel, LLC dba Viking Steel Fabricators and Norfolk, VA-based SRF, LLC dba Chesapeake Bay Steel, Inc.

Founded in 1950, Viking Steel Fabricators has built a solid reputation for specializing in the fabrication and installation of structural and miscellaneous steel, ornamental iron, and custom stairs and handrails. Alongside these core services, the company also sells steel and miscellaneous metals, offering a wide range of products to meet diverse client needs. In addition to their fabrication and installation services, Viking Steel Fabricators is dedicated to historic preservation, providing expert restoration and repair services to maintain and enhance historical structures. Their comprehensive service offerings make them a trusted partner for both modern and historical steel projects.

“Viking Steel President Christopher “Luke” Breivik and his team have built a great business with strong customer relationships in the private, public, and government sectors,” commented Benchmark Transaction Director Sean Fechtmann. “The quality of their work speaks for itself, with approximately 80% of customers being repeat customers and more than 70 years in operation.”

Chesapeake Bay Steel specializes in steel fabrication and erection. They have serviced the Tidewater area since 1962, but their reputation has grown through their decades of experience in the steel industry alongside being a family-owned and operated business. They specialize in framing, joist, decking, stairs, railings, and metal fabrication projects. The addition of Viking Steel Fabricators to their portfolio further enhances their strategic growth plans by broadening their existing service offerings. Viking Steel’s leadership team will remain intact to assist in the company’s future growth.

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com 

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $12.5 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and Refinitiv’s Global League Tables.

The content provided by Benchmark International, including articles, blog posts, videos, and other media, is for general informational purposes only and does not constitute legal, financial, investment, or business advice. While we strive for accuracy, the information may be based on third-party sources, market trends, and evolving industry data that are not independently verified or guaranteed to be current or complete. Any opinions expressed are those of the authors and do not necessarily reflect the views of Benchmark International. Market trends, forecasts, and forward-looking statements are inherently uncertain and subject to change. Nothing in our content should be relied upon as a substitute for personalized advice from qualified professionals. Benchmark International disclaims all liability for any loss or damage resulting from reliance on this content. Always consult with appropriate experts before making business decisions.

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