Union Partners I LLC Acquires Contractors Steel Company

Union Partners Acquires Berg Steel Corporation

August 5, 2016

Manufacturing

Union Partners I LLC has acquired Berg Steel Corporation, a Royal Oak, Michigan-based processor and distributor of carbon steel coil products. Angle Advisors served as the exclusive investment banking advisor to Berg Steel; the company operates state-of-the-art slitting capabilities and employs approximately 40 people.

Union Partners Acquires Maksteel

April 17, 2018

Industrial Services

Chicago-based metals and logistics operator Union Partners has acquired Maksteel, a Mississauga, Ontario steel service center and toll processor. The deal expands Union Partners' North American footprint and adds substantial processing, inventory and dedicated transportation capabilities to serve customers across industries including automotive, construction and oil & gas.

Contractors Steel (UPG Enterprises) Acquires Borrmann Metal Center

December 14, 2020

Industrial Services

Contractors Steel, part of Chicago-based UPG Enterprises LLC, has acquired Borrmann Metal Center, a 100+-year-old metal distributor based in Burbank, California. American Discovery Capital served as financial advisor to Borrmann; the acquisition expands Contractors Steel/UPG’s national footprint and broadens product offerings in structural and distribution products across California and Arizona.

Union Partners I LLC Acquires Xcel Steel Pickling, Inc. (Now Maksteel Processing)

October 22, 2018

Industrial Services

Union Partners I LLC acquired the assets of Xcel Steel Pickling, Inc., a Dearborn, Michigan-based steel pickling and coil processing operation. The business has been integrated into Union Partners-owned Maksteel and will operate as Maksteel Processing, strengthening the platform's steel-processing capabilities and rail-served footprint in automotive and industrial markets.

IOP-backed Union Corrugating Acquires Oakland Metal Buildings

September 26, 2019

Building Products

Industrial Opportunity Partners' portfolio company Union Corrugating Company has acquired Oakland Metal Buildings. Oakland will operate as a plant location supporting the Union platform, increasing Union's manufacturing capacity and providing a foothold in the Alabama market; terms were not disclosed.

TMS International Acquires Stein (Stein, LLC / Stein Steel Mill Services, LLC)

December 31, 2020

Industrial Services

TMS International has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, a family-owned provider of steel mill services headquartered in Cleveland, Ohio. The acquisition (approximately 500 employees) expands TMS's service capabilities and U.S. footprint, adding slag removal, scrap management, recycling, material handling and mill maintenance capabilities across seven states.