News

San Antonio Steel Company, Ltd. has been Acquired by El Prado Steel Company

AUSTIN, TEXAS (November 7, 2016) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that San Antonio Steel Company, Ltd. (SASCO) has been acquired by El Prado Steel Company.

About San Antonio Steel Company, Ltd.:

San Antonio Steel Company, Ltd., (SASCO) was founded in 1965 as a wholesale distribution company that primarily sold nails and wire. L.C. “Chaz” Neely, Jr. purchased the company in 1979, and grew SASCO into the largest wholesale distributor of agricultural fencing products in the United States. SASCO offers more than 700 steel items, including some of the most respected brand names in agricultural fencing products, including SASCO’s proprietary brands StaTite50┬« – the 50 year Fence and Texas Classic┬« – the Official Fence of Texas. SASCO operates from an 80,000 square-foot facility on 20 acres in southeast San Antonio and primarily services rural lumberyards, feed stores and cooperatives that supply farmers, ranchers and construction companies throughout the United States.

About Statesman:

Statesman Corporate Finance, LLC is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to middle-market companies. The Statesman team managing this engagement included Managing Director Lawrence (Larry) Schumann.