Bellesteel Industries, Inc., an East Boston, Massachusetts-based metal product processor and distributor, retained Shields & Company to assist in its sale to a strategic acquirer. The result of the sale process was the acquisition of the company's operating assets by Edgcomb Metals Company, a wholly-owned subsidiary of Macsteel Service Centers USA, one of the industry's leading metal processors and distributors. The company's assets and customer base combined with Edgcomb's modern facility in New Hampshire to support Bellesteel Industries' continued growth in the area.
Shields & Company acted as a financial advisor to Bellesteel Industries, Inc. in the above transaction.