Transaction details
Industrial markets - Steel manufacturing
KPMG Corporate Finance acted as financial advisor to the shareholders of Atlantic Tube & Steel Inc. (“Atlantic” or the “Company”) on its sale to Varsteel Ltd. (“Varsteel”).
Atlantic is a well-established manufacturer of mechanical and structural steel tube products, based in Mississauga, Ontario. Founded in 1977 and family-owned, the Company services regional and international steel service centers, fabricators and distributors across Canada and the United States. Atlantic manufactures a comprehensive range of steel tube products used for automotive exhausts, fencing, conveyor rolls, and other applications out of its wholly owned 230,000 square-foot facility.
Based in Lethbridge, Alberta, Varsteel has been providing steel and metal processing services across 32 locations in Western Canada and the United States since 1953. The acquisition of Atlantic expands Varsteel’s manufacturing capabilities as well as its operations to the east coast of Canada.
Atlantic will operate independently as a subsidiary of Varsteel. The president of Atlantic will continue to lead day to day operations and will be joined by his existing management team and existing team members.
KPMG deal team
KPMG Corporate Finance
acted as financial advisor to
on its sale to
May 2023
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