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Stout Advises on Sale of Ace Steel Supply to Commercial Steel Products

June 07, 2022

Stout announced that Ace Steel Supply (“Ace”) has been acquired by Commercial Steel Products (“CSP”), a leading value-added supplier of high-quality steel products. CSP operates as a portfolio company of Gupta Capital Group. Stout served as exclusive financial advisor to Ace in connection with this transaction.

Founded in 2005 and headquartered in Houston, TX, Ace is a one-stop supplier of aluminum, galvanized and cold-rolled, hot-rolled, and stainless-steel products in a full range of sizes. Ace is known for industry-leading delivery and lead times, personalized consultations, and robust quality control systems and procedures.

Kara Osborn, Owner of Ace, said, “We are extremely pleased with the outcome of this transaction. Stout did an excellent job providing guidance, and Ace is well-positioned to continue its success and growth with CSP.”

Ace will continue from its present location with Bruce Margolin, V.P. – Chief Operating Officer, continuing to lead the organization with all employees and operational processes remaining intact. For Ace, it will be “business as usual.”

Chris Merley, Managing Director at Stout, who led the transaction, added, “We are pleased with the successful outcome for the Ace team and look forward to seeing the synergies that Ace and CSP can achieve by partnering together.”

Stout’s Nick Dreps and Conrad Hahne assisted in executing the deal.

Nance & Simpson, LLP served as legal counsel to Ace, and Wick Phillips served as legal counsel to CSP.

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