Westbridge Capital Acquires Federal Steel Supply
By Metal Center News Staff
on Mar 23, 2023
Federal Steel Supply, St. Louis, has been acquired by Westbridge Capital Ltd., a Canadian private management company. V&A Capital has owned Federal Steel since 2019.
Federal Steel & Supply is a distributor of industrial products including pipes, fittings, flanges and valves. FSS was founed in 1979 to provide hard-to-find wall pipes and value-added services.
Following the acquisition by V&A Capital, FSS grew with the add-on acquisition of Process Piping Materials in 2021. FSS operates distribution facilities in Missouri, Louisiana, New Mexico and two in Texas.
The company serves a strong and loyal customer base in growing and diverse end markets such as industrial fabrication, food and beverage, midstream oil and gas, power generation and construction. FSS has established direct relationships with a global network of mills, enabling it to source high quality and difficult-to-get products with a short turnaround time.
“I appreciate the support and dedication of the V&A Capital team in helping further the growth of Federal Steel Supply. They have been a great partner to work with and have taken great care assisting us in finding a capable and respected partner in Westbridge Capital to continue executing our plans for growth," said FSS CEO Scott Harris.
Brown, Gibbons Land & Company served as the exclusive financial advisor to FSS in the transaction.