Pennsylvania Steel Company Acquires Besco Steel Supply

Pennsylvania Steel Company Acquires Stark Metal Sales

December 20, 2023

Industrial Services

Pennsylvania Steel Company, Inc., a veteran‑owned full-line metals service center, has acquired Stark Metal Sales, a full-line steel service center based in Alliance, Ohio. Heritage Capital Group served as exclusive financial advisor to Stark; transaction terms were not disclosed. The deal expands Pennsylvania Steel's service center footprint and processing capabilities in the Ohio/Pennsylvania region.

Beacon Acquires Passaic Metal and Building Supplies (PAMPCO)

August 2, 2024

Building Products

Beacon (Nasdaq: BECN) has completed the acquisition of Passaic Metal and Building Supplies Co. (PAMPCO), a family-owned metal, roofing and siding distributor and fabricator headquartered in Clifton, New Jersey. The deal adds PAMPCO's six branches (five in New Jersey and one in upstate New York) to Beacon's network and is intended to expand Beacon's footprint and metal solutions capabilities.

Balmoral Funds Affiliate Acquires Resco Products, Inc. from Wellspring Capital

March 8, 2022

Manufacturing

An affiliate of Balmoral Funds LLC has acquired Resco Products, Inc., a North American refractory manufacturer based in the Pittsburgh area, from an affiliate of Wellspring Capital Management LLC. Balmoral (led by industry veteran Kevin Handerhan as Chairman) intends to deleverage Resco's balance sheet and invest in the company's operations to support growth across steel, cement and petrochemical end markets.

Pacific Steel & Recycling Acquires Steel Etc.

May 14, 2025

Industrial Services

Pacific Steel & Recycling has acquired Steel Etc., a Great Falls, Montana-based surplus steel and recycling business. Pacific Steel said all Steel Etc. employees will retain their jobs and framed the deal as an expansion of its regional footprint and commitment to the Great Falls community.

Russel Metals Acquires Tampa Bay Steel

December 4, 2024

Industrial Services

Russel Metals Inc. has closed its acquisition of Tampa Bay Steel, adding the Tampa-based steel distributor and processor to its Southern U.S. businesses. The purchase expands Russel Metals' regional presence and processing capabilities as it pursues growth in the southern U.S. market.

Empire Petroleum Partners Acquires The Besche Oil Co.'s Fuel Distribution Business

September 28, 2024

Energy

Empire Petroleum Partners LLC has acquired the fuel distribution business and distribution rights of The Besche Oil Co., a Waldorf, Maryland fuel distributor that supplied branded and unbranded fuel to gas stations in Maryland and Delaware. The deal expands Empire's market presence in Maryland and strengthens its partnerships with brand suppliers such as Sunoco and CITGO; Empire also hired Besche's VP of motor fuels, Paul Colonna, to help ensure a seamless transition.