Montrose Advisors is pleased to announce Friedman Industries' major acquisition of Plateplus Operations

Friedman (NYSE AM: FRD) acquired two high-quality, strategically located facilities from Plateplus, Inc. and the steel inventory and customer relationships at two additional Plateplus facilities, providing Friedman with expanded geographic presence, scale and processing capabilities. The transaction closed on April 30, 2022.

Friedman acquired the real estate, buildings, equipment, inventory, and other assets of Plateplus’ East Chicago, IN and Granite City, IL facilities, and the steel inventory and customer relationships at Plateplus’ Loudon, TN and Houston, TX facilities. Business that was historically handled at Plateplus’ Loudon and Houston locations will be transitioned to Friedman’s facilities in Decatur, AL and Sinton, TX, respectively, providing immediate and meaningful operating efficiencies and cost synergies..

Mike Taylor, Chairman & CEO of Friedman, said "Montrose Advisors did a great job for Friedman Industries, guiding us through the ups and downs of the acquisition process while providing top-notch subject matter expertise. With Dan's help we were able to stay on track and on time with our transaction objectives. Dan's deep understanding of the Steel and Service Center markets played an important role in our success. We would engage Montrose Advisors again in a heartbeat!"

Friedman, headquartered in Longview, Texas, is a leading North American steel service center and steel pipe manufacturer, with six manufacturing facilities located in five states. For more information visit

Montrose Advisors served as exclusive financial advisor to Friedman in this transaction, in both an M&A and debt placement capacity. This transaction highlights Montrose Advisors’ 20-year track record of advising clients in the metals processing and service center sectors through their most important transactions. Montrose Advisors' longstanding relationships throughout the industry, deep sector knowledge, and analytical skill helped ensure the success of this complex carve-out transaction.