BORRMANN METALS HAS BEEN ACQUIRED BY TRIPLE-S STEEL HOLDINGS INC.
Birmingham, Michigan – October 16, 2024 – Angle Advisors is pleased to announce that Triple-S Steel Holdings Inc. has acquired the assets of Borrmann Metals, a West Coast distributor of structural steel products. Angle Advisors acted as the exclusive investment banking advisor to Borrmann Metals in completing the transaction.
Founded in 1919, Borrmann Metals is a long established West Coast distributor of steel products including tube and pipe, plate, merchange bar and nonferrous products. Service center locations included Burbank and Riverside, California and the Phoenix area.
“We are excited to welcome the Borrmann business into the Triple-S family,” said Gary Stein, CEO of Triple-S. “Their locations and product mix are highly complementary with our Intsel Steel West and Maas-Hansen businesses and we are eager to help Borrmann’s colleagues rebuild the company back inside the structure of a family business. We will put the needed investment in equipment, inventory and technology into the operations to take advantage of these opportunities we see in the West.”
Triple-S Steel has grown over its 64-year history into one of the largest privately-owned steel service center businesses in the world, with about 2,500 colleagues and over 60 stocking locations throughout North America and in Colombia. For additional information, please visit www.sss-steel.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 250 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.