Gebhart Holdings flagship company Metal Source was formed in 2000 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. After experiencing the volatile scrap recycling industry, the need for diversification was imminent.

2016 was a busy year for Gebhart Holdings as CEO Ben Gebhart saw the need for not only a trucking company, but a steel supply and recycling business as well. He therefore established Wabash Trucking which has over 50 trucks (and growing) on the roads. When Gebhart became frustrated about the immediate availability of steel products he started Wabash Steel Supply, a steel and industrial supply company.

Gebhart Holdings is the parent company to Metal Source, Wabash Trucking, Wabash Steel Supply, Splash and Dash Car Wash, and Market Street Grill.