Union Partners acquires steel service centre Maksteel
U.S. private equity firm Union Partners has acquired Maksteel, a steel service centre and processor based in Mississauga, Ontario. No financial terms were released. The seller was the Welded Tube of Canada Group of Companies. Maksteel, established in 1970, provides purchasing, slitting, gauging, levelling, storage, cut-to-length and delivery services to customers in agriculture, steel pipe and tube, automotive, construction, energy and other industries. It has operational capacity exceeding 700,000 tons of material annually on both a toll and resale basis. Maksteel joins Union Partners' North American portfolio of metals and logistics companies.
11 April 2018•3 mins read
