Lone Star Investment Advisors Announces Sale of ESP Specialty Steel Products LLC

Lone Star Investment Advisors is pleased to announce the successful sale of its holding company ESP Specialty Steel Products LLC (“ESP”) of Houston, Texas to SPS Companies, Inc. of Kansas

Press release

October 10, 2022 6:49 p.m. EDT

DALLAS, October 10, 2022 (Newswire.com) –
Lone Star Investment Advisors has sold its portfolio holding ESP Specialty Steel Products LLC (“ESP”) of Houston, Texas to SPS Companies, Inc. of Kansas. The acquisition of ESP represents SPS’ first entry into the markets and distribution of stainless steel products. Montrose Advisors provided advisory services and coordinated the sale of ESP through acquisition. Ted Schweinfurth of Baker McKenzie served as ESP’s legal counsel. Clayton Skaggs of Weary Davis served as legal counsel to SPS.

Lone Star Investment Advisors (Lone Star) is a Dallas-based private equity firm specializing in leveraged acquisitions and recapitalizations of strategically viable middle-market companies with high growth potential. The company invests in Texas across a wide variety of industry sectors, including manufacturing, industrials, distribution, business services and energy. Lone Star specializes in investments that will create employment opportunities and maintain a strong reputation as an engine of economic growth in low-income communities. www.lonestarinvestmentadvisors.com

ESP Specialty Steel Products is a master distributor based in Houston, Texas. As a secondary source for mills, ESP sells long stainless steel products to stocking distributors to support their inventory. Operating from its Houston and Chicago locations, ESP is a leader in customer service and innovative value-added service offerings, leveraging strategic partnerships with quality factories and select customers. to offer specialty stainless steel products to stainless steel distribution/service centers.
ESP strives to anticipate customer needs by offering quality stainless steel and perforated metal products, ISO 9001:2015 certification, competitive lead times, 98% or better on-time delivery, sawn fast and tailored inventory management programs with online visibility. at stock levels and in inbound transit. ESP will also accommodate specific customer requests for color coding, bar coding and custom packaging. www.espsteel.com

SPS Companies is a 90+ year old privately held company based in Manhattan, Kansas. It operates several business units in the field of carbon steel. These business units provide distribution, inventory management, steel processing and parts manufacturing services to a wide range of customers in the long and flat product markets. www.spsci.com

Montrose Advisors is an independent advisory firm specializing in M&A analysis, capital raising and strategic advisory for mid-market and lower-middle market clients in the manufacturing, metals and industrial services markets. Montrose offers the sophistication and experience of an international investment bank, the deep network and market knowledge of an industry veteran, and the trusted relationships and personal attention of a consulting because it helps owners and managers address strategic opportunities and challenges with a combination of rigorous analysis, disciplined processes and creative solutions. www.montroroadv.com

Source: Lone Star Investment Advisors

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