“From our companies greenfield startup to becoming a national industry leader 10 years later, The Hollingsworth Companies continue to play an invaluable role in Service Center Metals growth and success. Joe Hollingsworth and The Hollingsworth Companies participated as one of our first equity investors and executed the design, engineering, construction and delivery of our building, as well of our expansion three years later which doubled the size of our facility and tripled our capacity. In addition, Joe Hollingsworth has served as a board member and leading advisor for strategic planning and direction.”
Scott Kelley – President and CEO
Service Center Metals
Equity Participation Success Stories
SCM
The Hollingsworth Companies provided design, value engineering, construction, leasing, and equity participation to leverage the startup of Service Center Metals first aluminum extrusion press in Prince George County, Virginia. SCM was awarded the 10th Fastest Growing Company by Entrepreneur Magazine/Price Waterhouse in 2006. This project had a start up capital requirement of approximately $10 Million. The start up venture was so successful that the facility was doubled in size after just 2 years of operation. The Hollingsworth Companies equity position has continued to increase as the business grew.
Alexin
The Hollingsworth Companies provided value engineering, equity participation and venture capital liaison services for the startup of the Alexin, LLC aluminum recycling operation in Bluffton, Indiana that produces premium quality billet for the aluminum extrusion industry. Alexin was recently recognized by the State of Indiana as a leading “green” company and was awarded a $1,000,000 interest-free loan for their leading “green” measures. The start up capital for this project totaled $56,000,000. The Hollingsworth Companies are major share investors with Alexin.
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