The Techs
The Techs Holdings, Inc. (“The Techs” dba Steel Dynamics, Inc.) is the largest independent manufacturer of hot-dipped galvanized (“HDG”) flat-rolled steel in North America.
Investment Date
January 2004
Industry
Diversified Industrials
Headquarters
Pittsburgh, PA
Status
Past
The Techs owns and operates three HDG lines, producing approximately one million tons of HDG steel annually. The Company was established in 1984 to offer construction oriented and other non-automotive customers an alternative to the large, high-volume integrated steel suppliers that concentrated mainly on servicing the large automotive companies and to respond to the growing demand for coated steel products.
Investment Highlights
* Established a professional management structure including the first CEO role
* Reduced natural gas costs resulting in $700,000 per year of cost savings
* Established business development relationships with several large publicly traded steel companies
As a founding General Partner of the company I was concerned about how the company would operate under new ownership. I really enjoyed working with the Jordan team and together we were able to increase the overall value of the company.Wilson Farmerie, Chief Executive Officer, The Techs