Union Partners has bought Michigan-based Berg Steel Corp, a steel products provider. No financial terms were disclosed.
Union Partners I LLC (“Union Partners”) of Oak Brook, IL announced that it has acquired Berg Steel Corporation (“Berg Steel”) effective 8/1/2016. Union Partners purchased the existing Royal Oak, MI steel service center and there will be no interruption in service to Berg Steel’s customers. Berg Steel joins Union Partners’ group of best-in-class steel service centers, including Lee Steel Holdings LLC, which has several facilities across Michigan.
Existing Union Partners portfolio investments include Mapes & Sprowl Steel LLC, Chicago Steel Holdings LLC, JIT Steel Services LLC, JIT Steel Transport, Cortran LLC, and Opus Metals LLC. “This acquisition is a perfect complement to our Michigan infrastructure in Grand Rapids, Gibraltar and Farmington Hills; and we are excited to welcome Berg Steel to our family of companies” said Paul Douglass of Union Partners. “We chose to sell to Union Partners based on their demonstrated success in delivering positive outcomes to customers, vendors and employees,” said Mark Berg of Berg Steel. “We are very proud of what the entire team at Berg Steel has accomplished during its 46 years in business and feel fortunate to have Union Partners’ operating expertise and commitment to quality drive the company’s success for decades to come.”
Berg Steel will continue to operate as a top-tier service center focused on a continuation and expansion of a 45+ year history of unmatched quality and service to its customers. “Union Partners looks forward to expanding on the great foundation developed by the Berg family and their employees. Berg Steel’s philosophy and operating principles of providing quality steel and high-touch service ensures Berg Steel will provide the best to its customers every day. Additionally, this acquisition complements our core portfolio and further demonstrates our commitment to serving our customers in the best way possible. We are always seeking to acquire first-rate companies with proven track records of success, and the addition of Berg Steel is a great example of this investment strategy” said Chris Hutter of Union Partners.
ABOUT UNION PARTNERS I LLC
Union Partners I LLC is a hands-on full service investment holding company focused on acquiring portfolio companies in the metals and logistics industries for long-term ownership. Union Partners has affiliated and portfolio companies located throughout the United States with operations in California, Illinois, Indiana, Tennessee, Texas and Michigan. Founded by families with multi-generational experience in steel, real estate and logistics, Union Partners is able to provide the strategic vision, capital and resources to ensure that all of its stakeholders are positioned for success.