EverMetal acquires U.K. metals-recycling company

BOULDER — EverMetal Holdings LP, a Boulder-based metals-recycling company backed by private equity, has acquired Advanced Alloys, a British recycler of high-performance metals used in aerospace, power generation, medical and other industries.

Advanced Alloys, based in Sheffield, England, specializes in processing complex nickel, cobalt and specialty minor metals, including superalloy turnings.

It marks the second acquisition for EverMetal, which acquired CAI Custom Alloys LLC, based in Belvidere, Illinois, in August 2025. 

Mining of superalloys is concentrated primarily in Africa and Asia. EverMetal seeks to provide a recycled alternative, enabling U.S. companies to purchase critical raw materials while reducing costs, lowering greenhouse-gas emissions and taking greater control of their supply chain, according to an EverMetal press release.

Acquisition of Advanced Alloys expands EverMetal’s ability to provide recycled specialty metals to melters and manufacturers. It also connects the U.S. market with the United Kingdom, one of the world’s largest processing hubs for superalloy scrap metal.

“Bringing Advanced Alloys together with our U.S. business, CAI Custom Alloys, creates a transatlantic specialty metals platform with the breadth and capability to serve customers in a way no standalone business can,” Hugo Schumann, founder and CEO of EverMetal, said in a written statement.

“This follow-on acquisition advances our mission to secure and scale the recycling of critical materials in the U.S., U.K. and wider global market.”

Advanced Alloys will pursue geographic expansion, development of new processing technologies, and capacity growth, according to a press release.

EverMetal is backed by private-equity firm GEF Capital Partners, based in Washington, D.C.

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