Drexel Metals transition complete

Drexel Metals LLC announced the completion of its formation. The assets and liabilities of Drexel Metals Corporation were transferred to Drexel Metals LLC as part of this process. This transfer was made to strengthen the company, inject new energy and prepare for the growth of Drexel Metals’ on-demand metal roofing and solar roofing businesses.
 
The ownership has been bolstered by the addition of Rob Waite as the principal invested member, Pat Hennessey as a member, Dick Carroll and Brian Partyka will remain as substantially invested members. The daily management of Drexel Metals LLC is led by  Waite as CEO, Partyka as president, and Hennessey as vice president.  Carroll will chair the board of directors.
 
Drexel Metals LLC has a five member board which will include Waite and Carroll. Three board members from outside the company are currently being appointed and will be announced in a future press release. The Board will have broad powers in overseeing the future course of Drexel Metals, LLC.
 
According to the release, "As we enter this new phase, of Drexel Metal’s nearly 25 year history, we are well positioned  financially, have the most competent group of employees we have ever had, defined and developed a stronger core business plan supported by the best engineering in the industry and we are prepared for a future without limitations. With the continued support of all of our loyal vendors, customers and friends the future for all of us will be bright. "

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