JMC Steel Group Completes Recapitalization and Purchase by Zekelman Family of Majority Stake From Th
Beachwood, OH –
JMC Steel Group announced today that it has successfully completed the
previously announced financing and sale transactions pursuant to which
the Zekelman family has purchased a majority stake in JMC from Global
alternative asset manager The Carlyle Group. Carlyle maintains a
minority stake in JMC. Financial details were not disclosed.
In
addition to facilitating the change of control, the company’s new
credit facilities give the company greater flexibility and enhance
growth opportunities.
