Amerinac Holding Corp. entered into an asset purchase agreement to acquire all of the assets of Prime Metals & Alloys Inc. for $9.6 million on July 12, 2017. Amerinac Holding paid a deposit of $0.5 million in escrow and will be credited to purchase price at closing. The transaction is been approved by the Bankruptcy court and is expected to close no later than August 18, 2017. Kirk B. Burkley of Bernstein-Burkley, P.C. acted as legal advisor for Prime. Strategic Advisors, Inc. acted as financial advisor for Prime Metals and Alloys, Inc. Amerinac Holding Corp. completed the acquisition of all of the assets of Prime Metals & Alloys Inc. on August 17, 2017. The transaction was financed through term loans of $8 million from SummitBridge National Investments V LLC.