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Announced

22 May 2023

Completed

22 May 2023

Varsteel completed the acquisition of Atlantic Tube & Steel.

Synopsis

Varsteel, a company providing steel and metal processing services, completed the acquisition of Atlantic Tube & Steel, a manufacturer of mechanical and structural steel tube products. Financial terms were not disclosed. “The Varsteel team is excited to join forces with Atlantic Tube & Steel, broadening our company platform and delivering more value to our customers through additional products and steel services,” Gerald Varzari, Varsteel President and CEO.

Principals

target

Atlantic Tube & Steel

bidder

VARSTEEL

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Seller Team (5)

frank cancelli

Founder at ATLANTIC TUBE & STEEL

Manager

target

Deal

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Total Value

michael blumer

Analyst at KPMG

Financial Advisor

target

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Total Value

frank iozzo

Associate at KPMG

Financial Advisor

target

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n/a

Total Value

aria nassiri afshar

Vice President at KPMG

Financial Advisor

target

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n/a

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shez bandukwala

Managing Director at KPMG

Financial Advisor

target

Deals

n/a

Total Value

Bidder Team (1)

gerald varzari

President and CEO at VARSTEEL

Manager

bidder

Deal

n/a

Total Value

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