LOS ANGELES – Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that Borrmann Metal Center, a leading light structural and specialty metal service center, has been acquired by Contractors Steel, a portfolio company of UPG Enterprises LLC.
“Borrmann will bring highly complementary products to Contractors Steel in the Southwestern US market,” said Borrmann co-Presidents Robert Wedeen and Rob Persson in a press release. “The culture and values of our organizations are very consistent, and we see strong opportunities to continue to expand our business.”
JMBM corporate attorneys Michael Steuch, Marianne Martin, Simon Leefatt and Vanessa Han represented Borrmann Metal Center in the deal.
“It was a pleasure to support Borrmann in their partnership with Contractors Steel,” said Steuch, the lead lawyer for the seller. “The company’s longevity and commitment to quality makes them an excellent addition to UPG’s portfolio as they look to expand into new markets.”
American Discovery Capital served as Borrmann’s investment banker on the sale transaction.
About Borrmann Metal Center
Borrmann Metals has been family owned and operated since being founded in 1919 by Mr. and Mrs. George R. Borrmann. Starting out as a small operation in Oakland, CA called the Borrmann Steel Company, it quickly grew to be one of the largest steel distributors in the business. Visit www.borrmannmetals.com to learn more.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, divestitures and financings. The Group’s lawyers provide start-to-finish assistance with all aspects of structuring, negotiating, documenting and closing the deal. For more information, please visit www.jmbm.com.