Union Partners acquires Berg Steel Corporation

OAK BROOK - Union Partners I LLC has acquired Michigan-based steel company Berg Steel Corp. for an undisclosed sum.

The company said there would be no interruption in service to Berg Steel's customers from the existing Royal Oak, MI steel service center. Berg Steel joins Union Partners' group of steel service centers, including Lee Steel Holdings LLC, which has several facilities across Michigan.

"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.

Berg Steel will continue to operate as a service center focused on a continuation and expansion of a more than 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 adviser to Berg Steel in completing this transaction.

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.