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HC2 Holdings Portfolio Company DBM Global to Acquire Banker Steel Family of Companies, Leading Providers of Fabricated Structural Steel and Erection Services


HC2 Holdings Portfolio Company DBM Global to Acquire Banker Steel Family of Companies, Leading Providers of Fabricated Structural Steel and Erection Services
Acquisition Will Expand HC2’s Leading Steel Infrastructure Business with Enhanced East Coast and Southeast Presence
March 15, 2021 07:00 ET
| Source:
HC2 Holdings, Inc.
HC2 Holdings, Inc.
New York, New York, UNITED STATES
NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) announced today that its core infrastructure business DBM Global (“DBM”) has reached an agreement to acquire a 100% interest in Banker Steel Holdco LLC (“Banker Steel”). The Banker Steel family of companies, in the portfolio of Atlas Holdings LLC (“Atlas”), is based in Lynchburg, Virginia and provides fabricated structural steel and erection services primarily for the East Coast and Southeast comm ....

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HC2 Holdings Reports Fourth Quarter and Full Year 2020 Results


(2) Note that Total Adjusted EBITDA excludes results for HC2 s Insurance segment.
 
Commentary
The new HC2 has a sharpened strategic focus on the three key business areas which we believe will drive growth and increased stakeholder value: Infrastructure, Life Sciences and Spectrum,” stated Avie Glazer, Chairman of HC2. “Each of these operating segments contains best in class assets: Infrastructure is one of the largest steel fabrication and erection companies in the U.S., Life Sciences currently includes two breakthrough healthcare technologies, and Spectrum owns and operates the largest broadcast station group in the U.S. HC2 leadership is committed to supporting their success by fueling their organic and inorganic ambitions, and if and when appropriate, looking for alternative approaches to unlock value. ....

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HC2 Holdings to Report Fourth Quarter and Full Year 2020 Results on March 10

NEW YORK, Feb. 26, 2021 (GLOBE NEWSWIRE) HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC), announced today that it will release its financial results for the fourth quarter and full year 2020 on Wednesday, March 10, 2021 after the market closes. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 5:00 p.m. ET. Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the internet and can be accessed by all interested parties through HC2’s Investor Relations website at ir.hc2.com. To listen to the live call, please go to the “Investor Relations” section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available ....

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