Dave Steel Company Inc. announces Partnership with Walters Group

16 November 2017

Dave Steel Company, Inc., a US family-owned steel fabrication company that services commercial and industrial projects, announced today that Walters Group, a Canadian fabrication company has completed a significant minority acquisition of ownership of Dave Steel Company, Inc.

Much like Dave Steel Company, Walters Group is a family-owned business with a long history in steel fabrication and construction. With three plants in Ontario, Canada, Walters Group designs, fabricates, and constructs commercial and industrial projects throughout North America. They offer a full range of services from construction engineering and design-assist, to detailing and fabrication, sophisticated coatings, delivery and erection.

Dave Steel Company will continue to operate as a separate entity under the current leadership of Jeffrey Dave, President. Walters Group will have representation on the Dave Steel Company Board of Directors.

Dave Steel Company views this partnership as a strategic alignment that offers benefits for both companies. For Dave Steel Company, Walters Group's experience in steel erection will allow them to round out their service offering to clients by providing supply and install projects using in-house capabilities. The partnership also secures a strong future for the next generations of the business.

"As a family business, we're always thinking about how we can evolve and create a sustainable business for future generations. We see this partnership as a very positive development for our business; one that will re-energize our growth plans and provide us with the right management for the future," said Jeff Dave, President, Dave Steel Company, Inc.

For Walters Group, having a physical presence in the US provides opportunities to service clients on a broader scale and offer expanded capacity through joint projects.

"There was a natural fit in the DNA of our businesses. From our first discussions, we saw how our approach to doing business aligned. Through more discussions, we continued to see synergies. We saw how this partnership could help both of our companies better serve our clients and grow our businesses across North America," said Walt Koppelaar, VP Sales and Markets, Walters Group.

Both companies also see the opportunities to advance more quickly by sharing technology and process best practices, and see the potential for increased buying power for raw materials that could increase competitiveness.

About Dave Steel Company

Since 1929, Dave Steel Company has served the construction industry as a strong and stable supplier of quality fabricated structural steel for industrial, institutional, and commercial projects.

Our main emphasis has been on industrial projects requiring skilled fabrication with exceptional quality and service. We have developed a reputation for providing a highly accurate fabricated product that reduces fieldwork for alignment and error correction.

Dave Steel Company services begin at the design development stage with design/build and design/assist capability, detailing and connection design. The Dave Steel Company facilities produce work under the AISC Quality Certification program for fabrication and sophisticated coatings. Both production facilities are also certified by the Canadian Welding Bureau.

Our services extend through in-field service as materials are being erected. Our management style provides a "hands-on" approach to our projects where we are always focused on making our clients' job easier. We maintain strict control so our customer is constantly aware of the status of the project.

We pride ourselves in our flexibility to address schedule needs and the ever-changing nature of a project. Dave Steel Company is considered a leader in technology, and is very active with Industry associations. The company's president, Jeffrey Dave, is a past Chairman of the Board of Directors of the American Institute of Steel Construction.

To learn more, visit www.davesteel.com.

About Walters Group

Founded in 1956, Walters Group is a family-owned steel construction company that designs, fabricates, and constructs commercial and industrial projects throughout North America.

Regardless of the industry, size or complexity, we always bring the same passion and commitment to every project we take on.

Our ability to provide vertically-integrated services "in-house" allows us to deliver a seamless experience and control every stage of a project. From construction engineering and design-assist, to detailing and fabrication, to painting, delivery and erection – we are with our clients every step of the way.

Through our integrated network of companies, we provide products and services that complement our core business of structural steel. From industry-leading Architecturally Exposed Structural Steel (AESS) and high-end architecturally fabricated structures, to the latest in lightweight flooring technology, we're able to bring innovative ideas and solutions to our clients.

To learn more, visit www.waltersgroupinc.com.