Main Steel Polishing Company is a processor and polisher of stainless steel, aluminum, and nickel alloys. The company’s products are used in a range of markets, including transportation, fabrication, petrochemical and food service. The company has a network of processing facilities located in Elk Grove Village, IL (headquarters); Atlanta, GA; Harmony, PA; and Riverside, CA (www.mainsteel.com).
Peak Rock Capital makes debt and equity investments of $20 million to $150 million in middle market companies with revenues from $50 million to $1 billion and enterprise values from $25 million to $500 million. Sectors of interest include business and commercial services; consumer; distribution and logistics; energy and related services; healthcare; industrials; manufacturing, metals, and media. The firm is based in Austin (www.peakrockcapital.com).
“The acquisition of Main Steel provides Peak Rock Capital with a world-class platform for strategic add-on acquisitions in the metals processing and tolling sector,” said Peter Leibman, Managing Director of Peak Rock Capital.
Upon closing of the acquisition, Peak Rock appointed Tom Modrowski, a steel industry veteran, as Main Steel’s new Chief Executive Officer. “Main Steel has a rich heritage as a leading toll processor of specialty metals, and we look forward to partnering with Peak Rock to continue investing in and growing the company’s capabilities, with a focus on rapidly growing its toll processing business while continuing to meet the needs of its strategic partners,” said Mr. Modrowski.
Shale-Inland is a specialty industrial supplier of metal, pipe, valves, fittings and related products to the energy and industrial sectors. The company was founded in 2010 and is based near Houston in Bellaire, TX (www.shale-inland.com).
Stout Risius Ross (www.srr.com) acted as the financial advisor to Peak Rock Capital on the transaction.
© 2014 PEPD • Private Equity’s Leading News Magazine • 11-19-14