Press Releases


BERG STEEL CORPORATION HAS BEEN ACQUIRED BY UNION PARTNERS I LLC

Birmingham, Michigan – August 5, 2016 – Angle Advisors is pleased to announce that Union Partners I LLC (“Union Partners”) has acquired Berg Steel Corporation (“Berg Steel” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Berg Steel in completing this transaction.

LogosBased in Royal Oak, MI, Berg Steel is a leading processor and distributor of carbon steel coil products in the U.S. and Canada. With over 200 diverse customers and serving various end markets, the Company is a just-in-time supplier of hot rolled, cold rolled and coated steel slit products. Berg Steel’s operationally efficient facility boasts state-of-the-art slitting operations with combined capabilities for processing coils up to 72” wide with gauges from .010” to .250”. The Company is comprised of approximately 40 highly skilled and technical employees. For additional information, please visit www.bergsteel.com.

“We are excited to bring Berg Steel into the Union Partners family as a strategic addition to our core portfolio of companies.  Union Partners is always seeking to acquire first-rate companies and the addition of Berg Steel is a great example of this investment strategy” said Chris Hutter of Union Partners.

Mark Berg, Chief Financial Officer of Berg Steel said, “We were very impressed with Angle Advisors’ execution of this transaction. Angle was able to utilize its extensive industry knowledge to introduce us to Union Partners.  We are very excited for the employees of both organizations as Union Partners is an excellent strategic partner and high quality organization.”

“We were honored to represent the Berg family and the entire Berg Steel organization in this transaction and we are thrilled that Union Partners will continue the Berg Steel legacy and support the Company’s future growth,” commented Matt Zwack from Angle Advisors. “Union Partners is a great buyer for parties interested in selling their business. Their strong deal team and market knowledge allowed for a fast and seamless transaction process.”

Union Partners, of Oak Brook, Illinois, 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. For more information, please visit www.unionpartnersllc.com.

Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 156 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.