OAK BROOK, Ill.–(BUSINESS WIRE)–Union Partners I LLC (“Union”) through its assignee Lee Steel Holdings LLC (d/b/a, “Lee Steel”) announces it has closed on its Asset Purchase Agreement with Lee Steel Corporation which included Lee Steel Corporation’s Wyoming, MI operations (a/k/a, Grand Rapids facility), certain working capital assets and all of its corporate operations effective September 18, 2015. “This is a new day for Lee Steel’s employees, customers and vendors and we look forward to getting back to business,” said Chris Hutter of Union.

“We undoubtedly will be able to earn our customers business back and provide them expanded capabilities under our national platform. The new ownership and management team of Lee Steel commits its full energy and resources to becoming best in class once again”

Lee Steel has now officially joined an affiliated group of steel service centers, which includes Lexington Steel Corporation, LexWest, LLC, Lex South, LLC, Mapes & Sprowl Steel LLC, Chicago Steel Holdings LLC, JIT Steel Services LLC, Opus Metals LLC, and other strategic alliances in the metals and logistics industries. “We undoubtedly will be able to earn our customers business back and provide them expanded capabilities under our national platform. The new ownership and management team of Lee Steel commits its full energy and resources to becoming best in class once again,” said Paul Douglass of Union.

Lee Steel will remain a top-tier service center focused on a continuation and expansion of a 60+ year history of unmatched quality and service to its customers.