Prominent Savannah business and community leader Bert Tenenbaum, whose family name is synonymous with steel in Savannah, has joined Jacksonville-based investment banking and financial advisory firm Heritage Capital Group as a principal.
Tenenbaum, who will remain based in Savannah, has 40 years of leadership and management experience in metals distribution, working for both private and public companies.
In his new position, his primary focus will be on small and mid-sized markets, advising clients in metals, distribution and logistics businesses on mergers and acquisition transactions and strategic planning.
Tenenbaum’s family owned Savannah-based Chatham Steel Corp., one of the South’s largest metal distribution companies, until it was purchased by Reliance Steel & Aluminum in 1998.
He remained with the company and was appointed president in 2003. He served in that position until 2013, when he took on corporate responsibilities for Reliance in Los Angeles.
He retired in 2015 and moved back to Savannah.
During his tenure with Chatham, and later Reliance, he was involved with the metals industry on a national level, serving as president of the Florida and Southern chapters of the Metal Service Center Institute, the industry’s largest trade association.
He served on the national board of MSCI, chaired the association’s plates and shapes division, and was active on the membership and chapter development committees.
He also served as a board member of the North America Steel Alliance, an $8 billion buying cooperative.
“We’re very pleased to have a highly successful professional such as Bert join our team,” said Don Wiggins, president of Heritage Capital.
“He is an experienced leader who is extremely well-qualified for this position. His knowledge of the metals industry will be invaluable in helping our clients execute their business strategies.”
Tenenbaum, for his part, was getting restless in retirement and looking for a way to help those in the metals distribution business meet their growth or exit goals.
“Heritage, with its 40-plus years of extensive and successful merger-and-acquisition activity, was a perfect fit,” he said.
“When I started looking around, I realized there was no one working in the investment banking business who had worked in the metals industry. So, I’m taking on the challenge.
“It’s different, fun and definitely a learning experience,” he said.
“But I’m fortunate to be joining a team of experienced professionals who will assist me in helping my clients meet their goals.”
ABOUT HERITAGE CAPITAL
Heritage Capital Group is an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide. For 40 years, Heritage has provided objective advice to private companies in the areas of mergers, acquisitions and divestitures; business valuations; debt and equity capital raises; corporate restructurings and financial and strategic advisory services focused on enhancing the value of business enterprises.
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