Gebhart Holdings

What Gebhart Holdings does

Gebhart Holdings is a privately held, family-owned holding company headquartered in Wabash, Indiana, that operates a diversified portfolio of industrial and consumer businesses. Its core operating subsidiary, Metal Source LLC, is an aluminum recycling processor that originated in 2000 as a zinc dross milling operation before pivoting to aluminum recycling in 2003 and tripling the size of its Wabash facility in 2011 to add capacity and product lines. In 2016 the company established Wabash Trucking, operating a regional fleet of more than 50 trucks, and Wabash Steel Supply, a steel and industrial supply business created in response to dissatisfaction with steel product availability.

Gebhart Holdings was formally established as a parent entity in 2014 to consolidate and diversify beyond the volatile scrap recycling industry, and its portfolio has since expanded to include Splash and Dash Car Wash and Market Street Grill as consumer-facing subsidiaries. The combined organization employs over 350 people and operates a B2B, sales-led industrial model with direct sales to manufacturing, construction, and logistics customers in the Midwest United States. Revenue is generated through transactional fees across metal recycling, steel supply, trucking, car wash, and restaurant operations, with pricing conducted via quote-based B2B arrangements that are not publicly disclosed. The company is controlled by CEO Ben Gebhart, who assumed leadership following the 2002 passing of founder Thomas Gebhart, and there are no indications of external institutional investors or PE ownership in the available data.

Name

Gebhart Holdings

Legal name

Gebhart Holdings

Website

https://gebhartholdings.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Gebhart Holdings is a privately held, family-owned Indiana holding company operating five subsidiaries across aluminum recycling (Metal Source), steel supply (Wabash Steel Supply), trucking (Wabash Trucking, 50+ trucks), car wash, and restaurant services, serving Midwest industrial and consumer customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Wabash

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Metal Recycling (Metal Source): Revenue from processing and selling recycled aluminum and other metals. The company began as zinc dross milling and pivoted to aluminum recycling in 2003, expanding facility capacity in 2011.
2. Steel Supply (Wabash Steel Supply): Revenue from steel and industrial supply products, established in 2016 to address immediate availability needs in the market
3. Trucking Services (Wabash Trucking): Revenue from transportation and logistics services with a fleet of over 50 trucks operating regionally
4. Car Wash (Splash and Dash Car Wash): Consumer car wash services
5. Restaurant (Market Street Grill): Restaurant dining services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Gebhart Holdings is a diversified family-owned holding company that operates five wholly-owned subsidiaries: Metal Source LLC (aluminum recycling and scrap metal processing), Wabash Steel Supply (steel and industrial supply distribution), Wabash Trucking (regional trucking/logistics with 50+ trucks), Splash and Dash Car Wash (consumer car wash services), and Market Street Grill (restaurant dining). The company's industrial core supplies recycled aluminum, steel products, and transportation services to manufacturing and industrial clients in the Midwest United States.

Product overview

Gebhart Holdings operates as a diversified holding company with a portfolio of five distinct subsidiary brands spanning the industrial recycling, transportation, steel supply, and service industries. The core subsidiary is Metal Source LLC (aluminum recycling), joined by Wabash Trucking (transportation with 50+ trucks), Wabash Steel Supply (steel and industrial distribution), Splash and Dash Car Wash (car wash services), and Market Street Grill (restaurant). The parent company was established in 2014 to centralize and manage these diverse business operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Metal Source LLC Aluminum recycling and scrap metal processing company founded in 2000, originally as a zinc dross milling operation before pivoting to aluminum recycling in 2003. Located in Wabash, Indiana. Serves industrial manufacturing clients needing recycled metal supply.
• Wabash Steel Supply Steel and industrial supply distribution company founded in 2016 by CEO Ben Gebhart to address the immediate availability of steel products. Targets industrial and manufacturing buyers.
• Wabash Trucking Regional trucking and transportation services company established in 2016 with a fleet of over 50 trucks operating across Midwest U.S. markets, providing logistics support for industrial materials including scrap metal and steel transport.
• Splash and Dash Car Wash

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Metalico: Operates scrap metal processing yards and related metal recycling businesses, directly comparable in business model, customer segment, and operational footprint to Metal Source.
• Olympic Steel: Processes and distributes steel and aluminum products to industrial customers, directly comparable in business model and customer segment to Wabash Steel Supply.
• Schnitzer Steel Industries (Radius Recycling): Operates one of the largest nonferrous and ferrous metal recycling businesses in North America, directly comparable to Gebhart's flagship Metal Source subsidiary in aluminum and scrap metal processing.
• OmniSource (Steel Technologies): One of the largest ferrous and nonferrous scrap recyclers in the US, providing a direct comparable in metal recycling operations, footprint, and customer mix to Metal Source.

Emerging players

• Materion Corporation: Specialty metals processor with activities in engineered materials and recycled metals, an adjacent player in nonferrous metal processing with partial overlap to Metal Source's recycling operations.

Broad incumbents

• Worthington Industries: Diversified metals manufacturer and processor with steel processing and industrial products operations, broadly comparable to Gebhart's steel processing and industrial distribution capabilities at much larger scale.
• Reliance Steel & Aluminum: Largest metals service center company in North America, offering broad metal product distribution that overlaps with Gebhart's steel supply and recycling businesses at much greater scale and breadth.

Regional players

• Heartland Express: Operates a regional trucking fleet serving US shippers across multiple lanes, comparable in scope to Wabash Trucking's regional 50+ truck fleet serving industrial supply customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/gebhartholdings
• LinkedInlinkedin.com/company/gebhart-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gebhart Holdings