Peak Rock Capital has acquired the business of Main Steel Polishing Company Inc., which processes and polishes stainless steel, aluminum and nickel alloys, from Shale-Inland. Tom Modrowski, a steel industry veteran, has joined Main Steel as chief executive officer.
An affiliate of Peak Rock Capital, an Austin, Texas based private equity firm, announced today that it has acquired the business of Main Steel Polishing Company, Inc. from Shale-Inland.
Based in Elk Grove Village, Illinois, Main Steel, LLC (“Main Steel” or “Company”) is a leading national processor and polisher of stainless steel, aluminum, and nickel alloys. The Company’s differentiated products are utilized in a broad range of markets, including transportation, fabrication, petrochemical and food service. Featuring a national network of strategically located processing facilities in Atlanta, Georgia, Elk Grove Village, Illinois, Harmony, Pennsylvania, and Riverside, California, Main Steel serves mills, service centers, and select strategic partners. The Company enjoys a long-standing reputation for providing unmatched quality, consistency, and service.
Anthony DiSimone, Chief Executive Officer of Peak Rock Capital, said, “The transaction represents an outstanding opportunity to invest in a leading company in the metals sector, with a well-established reputation for providing exceptional products and service on a national scale. This acquisition highlights our continued interest in the specialty metals processing and distribution sector, as well as our ability to identify and execute complex carve-out transactions.”
Peter Leibman, Managing Director of Peak Rock Capital, added, “The acquisition of Main Steel provides Peak Rock Capital with a world-class platform for strategic add-on acquisitions in the metals processing and tolling sector. We look forward to partnering with the Company’s exceptional management team and leveraging the deep experience and dedication of the Main Steel organization.”
Main Steel is also pleased to announce that Tom Modrowski, a steel industry veteran, has joined the Company as Chief Executive Officer.
Mr. Modrowski remarked, “Main Steel has a rich heritage as a leading toll processor of specialty metals, and we look forward to partnering with Peak Rock to continue investing in and growing the Company’s capabilities, with a focus on rapidly growing its toll processing business while continuing to meet the needs of its strategic partners.”
Stout Risius Ross acted as the financial advisor to Peak Rock Capital on the transaction.
ABOUT MAIN STEEL
Based in Elk Grove Village, Illinois, Main Steel is a leading national specialty processor and polisher of stainless steel, aluminum, and nickel alloys, serving its customers through its four processing locations across the United States. For further information about Main Steel, please visit www.mainsteel.com.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is an Austin, Texas based private equity firm that makes debt and equity investments in middle market companies. Peak Rock invests in companies where it can support senior management in driving rapid growth and profit improvement through operational and strategic changes. Peak Rock’s principals have deep expertise in complex situations, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.