Aurora Capital sells New Star Metals

Aurora Capital Group, a Los Angeles-based private equity firm, has announced that its affiliate Aurora Resurgence has sold New Star Metals Inc. and its Premier Resource Group and Electric Coatings Technologies subsidiaries to an affiliate of Insight Equity Holdings LLC. In conjunction with this transaction, Aurora Resurgence also sold the U.S. Metals and Supply division of New Star to Custom Steel Processing Inc., Madison, Ill., and retained its ownership of Miami Valley Steel Service, Piqua, Ohio. Under Aurora Resurgence's ownership, Miami Valley will continue to provide value-added processing and distribution of sheet steel products to a diverse array of end markets.