Banker Steel acquires NYCC

Banker Steel, Lynchburg, Va., has acquired NYCC, which comprises NYC Constructors LLC, New York, N.Y., and MRP LLC, South Plainfield, N.J. The transaction expands Banker’s capabilities in the New York City commercial construction market.

With more than 300 employees in New York and New Jersey, NYCC fabricates and erects structural steel for commercial, industrial, and government end-markets. Its fabrication facility in South Plainfield, to be known as Banker Steel NJ LLC, is one of the closest heavy steel fabrication yards to the New York City market.

NYCC filed for Chapter 11 bankruptcy protection on January 14, 2016. Banker, which was and remains currently working with NYCC on the fabrication and erection of the World Trade Center Tower 3 and the Rockefeller University expansion over the FDR Drive in New York City, was named the stalking horse bidder in the bankruptcy process and provided debtor-in-possession financing during the bankruptcy period.