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Aug. 23, 2012
New Star Metals Gets New Owner
Service center company New Star Metals has shifted ownership from one private equity group to another. Aurora Capital Group has sold New Star Metals and two subsidiaries, Premier Resource Group and Electric Coatings Technologies, to an affiliate of Insight Equity Holdings LLC.
Separately, Aurora sold the U.S. Metals and Supply division of New Star to Custom Steel Processing, Madison, Ill. Aurora has retained ownership of Miami Valley Steel Service Center, Piqua, Ohio.
New Star is headquartered in Burr Ridge, Ill., with an additional facility in East Chicago, Ind. “The management team is excited to partner with Insight Equity, and we believe this transaction positions New Star to succeed and grow while maintaining a commitment to delivering excellent customer service and superior quality,” says Pat Murley, New Star CEO.
U.S. Metals and Supply, based in St. Louis, is a distributor of cold-rolled and hot-rolled steel, offering slitting, shearing, edge narrows and flame-cutting services.
Miami Valley will continue to provide value-added processing and distribution of sheet steel products to a diverse array of end markets. “The Miami Valley team is excited to continue its partnership with Aurora Capital and grow as an independent company by delivering the same uncompromised level of customer service and quality to which its customers have grown accustomed,” says Louis Moran, president of Miami Valley.
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2012 Directory of Master Distributors
Not Published on This Web site
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.
Print copies are available for $85 U.S. for each copy. Download Order Form.
2013 Directory of Toll Processors
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Metal Center News' annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.
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