McDonald Steel Subsidiary Acquires General Steel Corp.

Precision Metal Holdings Acquires General Metals, LLC

January 7, 2022

Manufacturing

Precision Metal Holdings, a Farragut Capital Partners portfolio platform, has acquired General Metals, LLC — a North Carolina-based precision metal fabricator — with Farragut providing subordinated debt and preferred equity and Everside Capital Partners joining as a co-investor. The deal is an add-on to the Precision Metals platform that expands the company’s geographic footprint in the Southeastern United States and enhances its capabilities in stamping, forming, welding, precision machining and electromechanical assembly.

GSC Acquires MacMillan-Piper

July 24, 2023

Logistics & Distribution

GSC, a nationwide 3PL headquartered in Oakland, California, has acquired MacMillan-Piper, a long-established specialty transloader operating five facilities near the Ports of Seattle and Tacoma. The deal expands GSC's Pacific Northwest footprint and transloading/warehousing capabilities—adding over 380,000 sq. ft., 80 railcar spots and more than 100 dock doors—while MacMillan-Piper president and former owner Mark Miller will continue to lead the MacMillan-Piper team and join GSC's executive leadership.

PSC Group (Aurora Capital Portfolio) Acquires Steel Line Rail Services LLC

May 16, 2023

Transportation

PSC Group, a portfolio company of Aurora Capital Partners, has acquired the assets of Steel Line Rail Services LLC, a mobile railcar repair, inspection and valve maintenance provider founded in Marshall, Texas. The acquisition expands PSC's railcar repair and mobile service capabilities and broadens its geographic footprint across the U.S., Mexico and Canada.

MacArthur Company Acquires American Metals Supply

May 22, 2023

Building Products

Minnesota-based MacArthur Company acquired Missouri-based wholesale HVAC and metal distributor American Metals Supply. The strategic acquisition expands MacArthur's product portfolio and geographic footprint, and American Metals Supply employees will join MacArthur's Employee Stock Ownership Plan; financial terms were not disclosed.

Commercial Steel Products LLC Acquires Ace Steel Supply Inc.

May 31, 2022

Industrial Services

Commercial Steel Products LLC (CSP), a Dallas-based value-added steel supplier, has acquired Houston-based Ace Steel Supply Inc. in a stock purchase agreement. The deal, supported by family office Gupta Capital Group, is intended to expand product diversification, strengthen capabilities, and capture synergies to better serve customers across North America.

Generation Growth Capital Launches American Consolidated Metals with Three Regional Fabricator Acquisitions

December 14, 2023

Manufacturing

Generation Growth Capital (GGC) launched a metal manufacturing platform called American Consolidated Metals by acquiring three regional metal fabricators: Federal Tool & Engineering (West Bend, WI), BP Metals (Isanti, MN) and Rockford Specialties (Rockford, IL). GGC intends to create a collaborative, one-stop metal fabrication platform to expand capacity, cross-sell capabilities and serve OEM customers across industrial, foodservice and consumer end markets.