“We chose to sell to Union Partners based on their demonstrated success in delivering positive outcomes to customers, vendors and employees”

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.

Angle Advisors acted as the exclusive investment banking advisor to Berg Steel in completing this transaction.