Aurora Capital sells service center assets to equity firm

Aug 08, 2012 | 02:53 PM | Corinna Petry

Tags  New Star Metals, Insight Equity, Esmark, Northern Steel Group, Severstal, Pat Murley

CHICAGO — An affiliate of Southlake, Texas-based Insight Equity Holdings LLC has acquired New Star Metals Inc. and its Premier Resource Group and Electric Coating Technologies subsidiaries from an affiliate of Los Angeles-based private equity firm Aurora Capital Group.

Aurora has also sold the St. Louis-based U.S. Metals & Supply Inc. division of New Star to Custom Steel Processing Inc., Madison, Ill., but has retained its ownership of Miami Valley Steel Service in Piqua, Ohio.....

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