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Logistics | Other Industries

Klein Steel Service has been acquired by Alro Steel

The shareholders of Klein Steel Service have sold the company to Alro Steel.

Klein Steel, a premier metals supplier and processing center, provides world-class inventory and supply management solutions with over 3,500 SKUs of carbon, stainless steel, aluminum and specialty metals. The company offers a full range of value-added processing services, including component manufacturing and kitting for commercial applications as well as customer-specific materials. Founded in Rochester, New York, in 1971, Klein Steel operates six facilities in western and central New York and is an industry leader in the northeastern US.

Alro Steel was founded in 1948 as a steel distributor in Jackson, Michigan. Over the past seven decades, Alro has expanded its operations to over 70 locations in 13 states and has extended its offerings to include plastics, industrial supplies and value-added processing.

Oaklins’ team in Jacksonville and Savannah acted as the lead advisor to the seller and the management of Klein Steel Service in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.

Service
M&A sell-side
Parties
“Oaklins’ attention to detail and confidentiality made our management team feel comfortable with the requirements needed during each phase of this deal. Their expertise in the steel industry made the process much more fluid than we believed possible. There were no surprises, which eliminated a lot of stress on our part.”

Mike Young

President, Klein Steel Service

Talk to the deal team

 Bert M. Tenenbaum

Bert M. Tenenbaum

Principal
Savannah, United States
Oaklins Heritage
 Doug  Kravet

Doug Kravet

Principal
Jacksonville, United States
Oaklins Heritage

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