Federal Steel Supply has sold substantially all of its assets to V&A Capital

R.L.Hulett & Company (“RLH”) is pleased to announce that its client, Federal Steel Supply, Inc. (“FSS” or the “Company”) has sold substantially all of its assets to Vergani & Associates, LLC, d/b/a V&A Capital (“V&A”). In this transaction, RLH acted as exclusive financial advisor to the Seller.

Federal Steel Supply, Inc., located in Chesterfield, Missouri, is a leading distributor of carbon and alloy steel pipe, tube, fitting and flanges to a variety of end markets including manufacturing, oil and gas, construction, utilities and fabricators. The Company was founded in 1979 by Brian Shinkle, Vernon Smith, and Daniel Smith. For over forty years, FSS has been serving a diverse group of customers all over the world with their seamless and welded pipe needs.

V&A Capital is a New York-based private equity firm focused on acquiring and building niche leaders. V&A invests in companies across a diverse set of industries including manufacturing, distribution and business services with EBITDA ranging from $1M to $10M. V&A looks to add value by partnering with management teams and operating executives to develop and implement growth strategies.

R.L. Hulett & Company is a boutique investment bank in St.Louis, Missouri since 1981. In this transaction, RLH facilitated the sale process by preparing marketing materials, contacting strategic and financial buyer candidates and advising the Seller during negotiations with prospective suitors.

For more information regarding this transaction, please contact: