October 7, 2024 – Triscend Partners, LLC is pleased to announce Aalberts N.V. has reached an agreement to acquire 100% of the shares of Steel Goode Products LLC (SGP), operating two facilities in Texas and one in Ohio, USA, generating an annual revenue of approximately USD 15 million with 75 FTE. The results of SGP will be consolidated as of October 1, 2024.
SGP is a leading provider of thermal spray coating and finishing services, specializing in enhancing wear resistance and corrosion protection for a wide range of critical components.
This acquisition will strengthen Aalberts’ service network in the Southern region and expand its geographic footprint beyond the Northeast. By combining SGP’s expertise with Aalberts’ existing technology solutions, the companies are creating a stronger business with significantly increased scale and enhanced benefits for customers.
The experienced management of SGP will work closely with the management of Aalberts surface technologies in North America.
“We view our employees as family and are pleased to have found the right home for SGP with the Aalberts Surface Technologies group,” said Alex Kiss, prior Owner of SGP. “I’m excited to see the continued growth of SGP as part of Aalberts, providing high quality finishing services for many years to come.”
Zach Kiss, prior General Manager and Owner of SGP added, “We are grateful to Triscend for their efforts in guiding us through this transaction. John’s intimate knowledge of our process proved to be invaluable, and his hands-on approach was exactly the type of advisor we needed for our family’s business.”
Triscend Partners was the exclusive sell-side advisor to SGP on the transaction. Lee Herman of Hirsch & Westheimer served as lead legal counsel to SGP for the transaction.
