About Synalloy
Synalloy is a company based in Richmond (United States) founded in 1945.. The company has 517 employees as of December 31, 2023. Synalloy has completed 4 acquisitions, including American Stainless Tubing, Ascent Chemicals and Palmer Of Texas. Synalloy offers products and services including Specialty Chemicals and Stainless Tubing.
- Headquarter Richmond, United States
- Employees 517 as on 31 Dec, 2023
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Email
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Phone
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Website
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Social
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- Legal Name Ascent Industries Co.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$20 M (USD), Debt – Conventional
Dec 27, 2018
- Investors
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Employee Count
517
as on Dec 31, 2023
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Investments & Acquisitions
American Stainless Tubing
& 3 more
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Products & Services of Synalloy
Synalloy offers a comprehensive portfolio of products and services, including Specialty Chemicals and Stainless Tubing. 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.
Specialty chemicals are manufactured and supplied for various industrial applications.
Stainless tubing products are offered as part of the company's portfolio.
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Funding Insights of Synalloy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $20.0M
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First Round
First Round
(02 Jul 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2018 | Amount | Debt – Conventional - Synalloy | Valuation |
investors |
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| Jul, 2018 | Amount | Debt – Conventional - Synalloy | 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 Synalloy
Synalloy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BB&T. 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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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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Synalloy
Synalloy has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include American Stainless Tubing, Ascent Chemicals and Palmer Of Texas. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Fiberglass and steel storage tanks are manufactured for industrial use.
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2012 | ||||
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Stainless steel tubes are manufactured for industrial applications.
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1994 | ||||
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Manufacturer of heavy wall steel pipes and tubings
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1964 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Synalloy
| 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 |
Synalloy Comparisons
Competitors of Synalloy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Synalloy
When was Synalloy founded?
Synalloy was founded in 1945 and raised its 1st funding round 73 years after it was founded.
Where is Synalloy located?
Synalloy is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
How many employees does Synalloy have?
As of Dec 31, 2023, the latest employee count at Synalloy is 517.
What does Synalloy do?
Synalloy was founded in 1945 and is headquartered in Richmond, United States. Operations span the tubular and specialty chemicals industries, where customized solutions are developed through manufacturing businesses in chemicals and metals. Production processes are optimized for efficiency and continuous improvement. Long-term strategies are applied to guide growth and overall operations in these sectors.
What products or services does Synalloy offer?
Synalloy offers Specialty Chemicals and Stainless Tubing.
How many acquisitions has Synalloy made?
Synalloy has made 4 acquisitions, including American Stainless Tubing, Ascent Chemicals, and Palmer Of Texas.
Who are Synalloy's investors?
Synalloy has 1 investor. Key investors include BB&T.