Veritas Steel sees growth in infrastructure

Nov 07, 2013 | 05:46 PM | Corinna Petry

Tags  Veritas Steel, PDM Bridge, Richard Phillips, steel bridges, steel usage, project sizes, heavy structures, United Steelworkers union Michael Bolton

CHICAGO — Veritas Steel LLC, which fabricates steel bridge components, anticipates growth in spending on U.S. infrastructure improvements and expansion into heavy-structure projects other than bridges, one director said.

Veritas was formed recently when private equity management firm Atlas Holdings LLC acquired PDM Bridge LLC and its facilities in Palatka, Fla., and Eau Claire and Wausau, Wis. (, Nov. 6).

It’s too early to say if Veritas will seek out acquisitions in the bridge building sector, "but it’s safe to say we’re excited about investment in U.S. infrastructure and it’s fair to say we are looking to grow organically or through acquisitions," director Richard Phillips said.....

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