Validor Capital-backed BICO completed the acquisition of Pioneer Steel Corporation.

Validor Capital-backed BICO, a steel company focused on specialized processor of carbon steel plate, completed the acquisition of Pioneer Steel Corporation, a provider of custom die set manufacturing and steel plate processing services for a diverse set of industrial end markets. Financial terms were not disclosed. “We are thrilled to welcome the Pioneer team to the BICO family. This acquisition represents a strategic expansion of our die set manufacturing capabilities and reinforces our commitment to providing customers with industry-leading lead times, quality and service. With Pioneer’s team and facility in Grand Rapids, we continue to grow our capacity in the Midwest and further position BICO as a leader in the industry,” John Frazier, BICO CEO.