{"id":1110,"date":"2016-08-02T16:49:24","date_gmt":"2016-08-02T16:49:24","guid":{"rendered":"http:\/\/upg.flywheelsites.com\/lamination-specialties\/?p=1110"},"modified":"2020-04-30T13:15:48","modified_gmt":"2020-04-30T13:15:48","slug":"union-partners-i-llc-acquires-berg-steel-corporation","status":"publish","type":"post","link":"https:\/\/upgllc.com\/borrmannmetals\/blog\/2016\/08\/02\/union-partners-i-llc-acquires-berg-steel-corporation\/","title":{"rendered":"Union Partners I LLC Acquires Berg Steel Corporation"},"content":{"rendered":"
OAK BROOK, Ill.\u2013(BUSINESS WIRE<\/a>)\u2013Union Partners I LLC (\u201cUnion Partners\u201d) of Oak Brook, IL announced that it has acquired Berg Steel Corporation (\u201cBerg Steel\u201d) 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\u2019s customers. Berg Steel joins Union Partners\u2019 group of best-in-class steel service centers, including Lee Steel Holdings LLC, which has several facilities across Michigan.<\/div>\n
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\u201cWe chose to sell to Union Partners based on their demonstrated success in delivering positive outcomes to customers, vendors and employees\u201d<\/em><\/strong><\/p>\n<\/blockquote>\n

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. \u201cThis 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\u201d said Paul Douglass of Union Partners. \u201cWe chose to sell to Union Partners based on their demonstrated success in delivering positive outcomes to customers, vendors and employees,\u201d said Mark Berg of Berg Steel. \u201cWe 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\u2019 operating expertise and commitment to quality drive the company\u2019s success for decades to come.\u201d<\/p>\n

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. \u201cUnion Partners looks forward to expanding on the great foundation developed by the Berg family and their employees. Berg Steel\u2019s 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\u201d said Chris Hutter of Union Partners.<\/p>\n

Angle Advisors acted as the exclusive investment banking advisor to Berg Steel in completing this transaction.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

OAK BROOK, Ill.\u2013(BUSINESS WIRE)\u2013Union Partners I LLC (\u201cUnion Partners\u201d) of Oak Brook, IL announced that it has acquired Berg Steel Corporation (\u201cBerg Steel\u201d) 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\u2019s customers. Berg Steel joins Union Partners\u2019 group of… Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":1166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news"],"acf":[],"yoast_head":"\nUnion Partners I LLC Acquires Berg Steel Corporation - Borrmann Metals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/upgllc.com\/borrmannmetals\/blog\/2016\/08\/02\/union-partners-i-llc-acquires-berg-steel-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Partners I LLC Acquires Berg Steel Corporation - Borrmann Metals\" \/>\n<meta property=\"og:description\" content=\"OAK BROOK, Ill.\u2013(BUSINESS WIRE)\u2013Union Partners I LLC (\u201cUnion Partners\u201d) of Oak Brook, IL announced that it has acquired Berg Steel Corporation (\u201cBerg Steel\u201d) 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\u2019s customers. 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