Gerdau S.A. sells Premier Thermal Solutions
Gerdau S.A., a producer of long steel and a supplier of special steel, has announced the sale of its Atmosphere Annealing (AA) and NitroSteel (NS) divisions—collectively known as Premier Thermal Solutions (PTS)—to Z Capital Partners LLC, a global alternative investment manager in Lake Forest, Ill.
The transaction provides PTS with the financial backing to expand its metal heat-treating services by adding capabilities through strategic acquisitions and by diversifying into additional end markets.
A provider of metal heat-treating and related services to various end markets, including automotive, trucking, oil and gas, agriculture, heavy construction, and military, AA operates from plants in Ohio, Michigan, and Indiana. Based in Wisconsin, NS provides nitrocarburized steel bars and tubes used primarily in fluid power applications in the agricultural, construction, mining, marine, utility, and automotive industries.
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