McKenna Long & Aldridge LLP (“MLA”) announced this week that the Firm advised Macon-based General Steel, Inc. in its sale to Houston-based Triple-S Steel Holdings, Inc. (“Triple-S”) for an undisclosed amount.
Triple-S moves more than 600,000 tons of steel every year and has plants in Texas, Louisiana, Tennessee, Utah, Colorado and California, as well as holdings in Colombia and Chile. General Steel, a 57-year-old family-owned business, will operate as a subsidiary of Triple-S and will keep all of its 45 employees. Henry Oliner, son of General Steel’s founder and a well-recognized leader in the steel industry, will become Senior Vice President of Triple-S Steel of Georgia with a focus on the Southeast steel market. Triple-S expects to continue to grow and add additional employees this year.
“It was an honor to represent the owners of General Steel in this important, value-realizing transaction,” said Wayne Bradley, lead partner on the transaction. “The similar cultures of General Steel and Triple-S will no doubt lead to continued success and expansion.”
In addition to Bradley, MLA’s team included Partners Ann Murray and Todd Silliman and Associates Rachel Fox and Crystal Clark.
