CONTINENTAL METALS, INC. HAS BEEN ACQUIRED BY LEE STEEL HOLIDINGS, LLC A UNION PARTNERS COMPANY
Birmingham, Michigan – December 31, 2015 – Angle Advisors is pleased to announce that Lee Steel Holdings, LLC (“Lee Steel”), a Union Partners company, has acquired the assets of Continental Metals, Inc. (“Continental” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Continental in completing this transaction.
Based in Gibraltar, Michigan, Continental is a steel service center supplying flat-rolled steel to customers in a variety of end markets. The Company operates from a 68,000 sq. ft. facility located on over 6 acres in Gibraltar. Continental utilizes a 60” Pro Eco slitting line and a 60” B&K slitting line to process steel coils.
Lee Steel is a flat-rolled carbon steel service center headquartered in Farmington Hills, Michigan with a processing location in Grand Rapids, Michigan. Lee Steel provides different types of steel including hot rolled, cold rolled and coated products among others to multiple end markets. Processing capabilities include slitting on a 74” Herr-Voss line and multi-blanking with a Red Bud Industries stretcher-leveler. The 120,000 sq. ft. facility in Grand Rapids caters to the appliance, home products and furniture industries. For additional information, please visit www.leesteelcorp.com.
Union Partners is a private equity firm based in Oak Brook, Illinois that focuses on the metals and logistics industries based on the firms co-founders extensive experience within these respective industries. Union Partners has current investments in a wide range of portfolio companies that process various metal products. For additional 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 with a particular emphasis on the vehicular and industrial sectors. The firm's 36 professionals have completed 149 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.