Varsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Pacific Steel was founded in the 1950s and has built a reputation as a trusted source for both fabricators and construction contractors. The company is a leading distributor of structural steel to large fabricators and service centers in Eastern Canada and, for certain products, serves customers in the Northeastern US and throughout Canada. The company is a full-range supplier, fabricator and installer of rebar used in construction markets. Pacific Steel serves its customers using two facilities in Quebec, Canada.
Varsteel is a leading steel and pipe service center and metal processor, with over 800 employees and 32 locations in western Canada and the US. Headquartered in Alberta, Varsteel has offered supplies and service to its customers for over 70 years. Varsteel’s commitment to quality and reliability with every product ensures its customers’ satisfaction.
Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.



Joe Antebi
President, Pacific Steel, Inc.
Talk to the deal team
Related deals
HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.
Learn moreARES International AG has conducted a valuation
ARES International has performed a valuation to determine the Austrian foundation entry tax, as both founders are Austrian taxpayers.
Learn moreRC Fornax plc has completed a successful AIM admission and fundraising
RC Fornax plc has completed its AIM admission and fundraising. As a UK-based, veteran-founded engineering consultancy providing critical solutions to the defense sector, RC Fornax’s successful AIM admission and US$7.7 million (£6.15 million) fundraising represent a significant milestone in its growth.
Learn more