Promus Equity Partners and Jon S. Vesely Announce Associated Steel Group, LLC’s Acquisition of Alliance Steel, Inc.

Chicago, Illinois, January 21, 2014 – Promus Equity Partners, LLC (“Promus”), headquartered in Chicago, IL, in partnership with Jon Vesely, an independent sponsor, are pleased to announce the acquisition of Alliance Steel, Inc. (“Alliance”). The company was acquired through Associated Steel Group, LLC (“ASG”), an entity formed for the purpose of consolidating the metal building industry, an effort that began in August 2012 with Mississippi-based ACI Building Systems, LLC (“ACI”) and continued with the acquisition of Georgia-based AIM Metals, LLC in February 2013.

Led by President Larry Thomas, Alliance is a fully integrated manufacturer of metal building systems, structural steel and components, focused primarily on serving non-residential customers in Oklahoma, Texas and other surrounding states. The company operates from a 415,000 square foot facility in Oklahoma City with 340 employees. Tim Ritchie, ASG’s CEO, commented, “Alliance has long been considered one of the premier companies in the industry. Larry Thomas’ 35 years of market knowledge and successful leadership will enhance our footprint and provide best practices across all operating divisions. We are excited about the market momentum in Alliance’s region, as well as the broader non-residential construction market, and look forward to continuing the high level of service our customers expect.” With the acquisition of Alliance, ASG will become the fourth largest company in the metal building system industry.

SunTrust Bank provided a senior credit facility and LBC Credit Partners provided a second lien facility. Terms of the investment were not disclosed.

For more information on this acquisition, please contact Steve Brown or David Code.

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