Steelcare, Inc. is a Hamilton, Ontario-based steel storage and transload company serving steel producers, processors, and major rail companies. The Company operates three facilities in Southern Ontario including a Company-owned, 171,000 square foot, climate controlled Class I transload and storage center. Bridge Partners, a private equity firm based in Burlington, Ontario, owned a majority of the equity in Steelcare.
Bridge Partners engaged Ameridan to assist in realizing a maximum return on its investment in Steelcare. Because of the specialized nature of the business, Ameridan initiated discussions with a very select group of potential strategic acquirers and private equity groups, headquartered in Canada as well as across the U.S. The engagement was successfully completed when Argosy Partners Ltd. and Company management acquired Steelcare. Argosy Partners Ltd. is a private investment company located in Toronto, Ontario.