About Scrap Metal Services
Scrap Metal Services is a company based in Illinois City (United States) founded in 2005.. The company has 419 employees as of December 31, 2019. Scrap Metal Services offers products and services including Steel Mill Services, Non-Ferrous and Ferrous Processing, Ship Recycling, and Demolition Waste Recycling. Scrap Metal Services operates in a competitive market with competitors including Umicore, Befesa, Sims Metal Management, A.Y. McDonald and Metalico, among others.
- Headquarter Illinois City, United States
- Employees 419 as on 31 Dec, 2019
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$60 M (USD), Debt – Conventional
Jun 22, 2017
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Investors
Bank of America
& 2 more
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Employee Count
419
as on Dec 31, 2019
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Products & Services of Scrap Metal Services
Scrap Metal Services offers a comprehensive portfolio of products and services, including Steel Mill Services, Non-Ferrous and Ferrous Processing, Ship Recycling, and Demolition Waste Recycling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles raw material processing and waste recycling for steel mills
Processes metals and manages scrap for public and industrial use
Recycles ships and oil rigs while minimizing environmental impact
Manages and recycles waste from demolition sites efficiently
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Funding Insights of Scrap Metal Services
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $60.0M
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First Round
First Round
(16 Dec 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Debt – Conventional - Scrap Metal Services | Valuation |
investors |
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| Dec, 2015 | Amount | Debt – Conventional - Scrap Metal Services | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Scrap Metal Services
Scrap Metal Services has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Bank of America, Wells Fargo and B. Riley Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking and asset management services are offered worldwide.
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Mergers, acquisitions, capital raising, and strategic advisory services are provided.
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Scrap Metal Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Scrap Metal Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scrap Metal Services Comparisons
Competitors of Scrap Metal Services
Scrap Metal Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Umicore, Befesa, Sims Metal Management, A.Y. McDonald and Metalico, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platinum, rhodium, and palladium-based materials are manufactured by Umicore.
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| domain | founded_year | HQ Location |
Industrial residues from various sectors are recycled by Befesa.
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| domain | founded_year | HQ Location |
Metal and electronics recycling services are provided worldwide.
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| domain | founded_year | HQ Location |
Provider of metal recycling services
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| domain | founded_year | HQ Location |
Metalico, Inc. is engaged in scrap metal processing and recycling.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scrap Metal Services
Frequently Asked Questions about Scrap Metal Services
When was Scrap Metal Services founded?
Scrap Metal Services was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Where is Scrap Metal Services located?
Scrap Metal Services is headquartered in Illinois City, United States. It is registered at Illinois City, Illinois, United States.
How many employees does Scrap Metal Services have?
As of Dec 31, 2019, the latest employee count at Scrap Metal Services is 419.
What does Scrap Metal Services do?
Scrap Metal Services was founded in 2005 in Illinois City, United States, within the scrap metal sector. Ferrous and non-ferrous commodities are sourced, processed, and distributed to both domestic and international buyers. Operations encompass collection from various suppliers and delivery through established logistics networks. The companys domain, scrapmetalservices.com, supports online inquiries and transactions. Focus remains on recyclable metals, serving industrial and recycling needs across multiple geographies.
Who are the top competitors of Scrap Metal Services?
Scrap Metal Services's top competitors include Umicore, Befesa and A.Y. McDonald.
What products or services does Scrap Metal Services offer?
Scrap Metal Services offers Steel Mill Services, Non-Ferrous and Ferrous Processing, Ship Recycling, and Demolition Waste Recycling.
Who are Scrap Metal Services's investors?
Scrap Metal Services has 3 investors. Key investors include Bank of America, Wells Fargo, and B. Riley Financial.