Maysteel Industries, LLC and Porter's Group Announce Merger

ALLENTON, Wis. and GASTONIA, N.C., Dec. 23, 2019 /PRNewswire/ -- Maysteel Industries, LLC ("Maysteel"), and Porter's Group announced today a merger of the two companies creating a leading custom sheet metal fabricator serving a number of industries.  The company will continue to operate under the Maysteel brand name.

Maysteel specializes in designing, engineering and manufacturing custom sheet metal enclosures, cabinets, kiosks and racks for specific industry solutions from its locations in Wisconsin, California and Monterrey, Mexico. Porter's Group is a custom metal fabricator that serves 20 diverse industries from its three manufacturing locations in Lynchburg, Virginia, Sumter, South Carolina and Garland, Texas. The combined company will have over 1,000 employees with six manufacturing locations covering the U.S. and Mexico, and manufacturing partner locations in Europe.

Maysteel is a portfolio company of Littlejohn Capital, LLC and Porter's Group is a portfolio company of Resilience Capital Partners. Both firms continue as equity owners of the combined company.

Kevin Matkin, Chief Executive Officer of Maysteel, who serves as CEO of the newly-combined company, said, "This merger creates a dynamic company and a much stronger competitor that responds to the needs of our customers and markets we serve.  With greater scale, improved market leadership, increased engineering expertise, complementary strengths and geographic reach we have a broader product base to offer our customers from locations where customers need us. Current and future customers of Maysteel will benefit from the successful integration of these two leading companies and we are very excited to add the talent, experience, and manufacturing expertise of the Porter's Group team."