Veritas Steel sees growth in infrastructure
Nov 07, 2013 | 05:46 PM
| Corinna Petry
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. (amm.com, Nov. 6).
Its too early to say if Veritas will seek out acquisitions in the bridge building sector, "but its safe to say were excited about investment in U.S. infrastructure and its fair to say we are looking to grow organically or through acquisitions," director Richard Phillips said.....
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