Chicago-based metals and logistics company Union Partners announced that it has acquired Maksteel, Mississauga, Ontario.
Maksteel is a steel service center, toll processor and logistics solutions provider. Its campus encompasses more than 27 acres of land and includes a 200,000-square-foot production facility, as well as a gantry-serviced outdoor storage area to stock and service the material needs of a wide variety of industries, including agriculture, pipe and tube, automotive, construction, and oil and gas.
In a joint statement, Union Partners co-founders Chris Hutter and Paul Douglass said the acquisition represents a significant milestone for the company.
“We couldn’t be more excited for Maksteel to join the family,” they said. “Along with the dedicated employees and their deep expertise, we are acquiring a premier steel service center and processor with unmatched capabilities, enabling us to further provide superior products and services to a variety of industries throughout North America.”
Maksteel joins Union Partners’ growing portfolio of metals and logistics-focused companies, which include Lamination Specialties, Mapes & Sprowl, Cortran, Lee Steel, Berg Steel, Chicago Steel, JIT Steel Service, JIT Steel Transport, and Opus Metals and its greenfield development on the campus at Big River Steel.
According to Union Partners, the purchase of Maksteel will allow the company to offer an increased geographical footprint and to provide enhanced products and services to better serve its North American customer base.
Maksteel, which was founded in 1970, was the first service center in Canada to process advanced high strength steels and martensitic steels, as part of their extensive supply of material types and grades. The company offers operational capacity exceeding 700,000 tons of material annually on both a toll and resale basis.
Specific capabilities include slitters that can accommodate coil widths up to 75 inches, with thicknesses ranging from light to heavy gauges. The company maintains an expansive inventory to ensure comprehensive product availability for customers at all times, according to Union Partners.
In addition, Maksteel also owns, operates and maintains a dedicated transportation fleet, allowing the organization to be a full supply chain partner to its customers and vendors.