Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce an investment in the newly formed Gautier Steel Holdings Inc. (“Gautier” or the “Company”) ESOP. Patriot partnered in the transaction with Mosaic Capital Partners, Tecum Capital and Salem Investment Partners.
Headquartered in Johnstown, PA, Gautier Steel operates a bar mill producing hot rolled carbon and alloy flats and squares, as well as a plate mill offering plate products in tool steel, stainless, and more. While both mills operate in the same location, they had previously been under separate ownership and, through this transaction, will now be under common ownership. The Gautier facility was originally founded in 1852 and later owned by Cambria Iron Company and Bethlehem Steel Corporation for most of the 19th and 20th centuries.
“We are excited to partner in our first ESOP transaction with a strong, long-standing and leading producer in the steel industry. We believe the consolidation of ownership of the two mills will drive value for all stakeholders of the business going forward,” said Stacey Wittelsberger, Partner of Patriot Capital.
For more information on this transaction, please contact:
Stacey Wittelsberger, Partner
Alex Tyroler, Associate