Metal Source was formed in 1999 by Thomas Gebhart a veteran of the scrap metal industry. Following the passing of Thomas in 2002 his son Benjamin Gebhart took over the company. The company began as a zinc dross milling operation and in 2003 changed its focus and entered the aluminum recycling industry.
By 2006 the company had outgrown its current location and moved to where it is located today on Wabash Street in Wabash, Indiana. Metal Source tripled the size of its facility in 2011 resulting in extra capacity and additional product lines.
In 2014 Gebhart Holdings was established as the parent company to Metal Source. Gebhart Holdings was the byproduct and result of the desire to diversify.
Metal Source continues to grow and established its second location in 2018, also located in Wabash.