Miami Valley Steel Service

Miami Valley Steel Service, Inc.
Monday, November 24, 2014

PITTSBURGH, Pennsylvania – November 3, 2014 – Calibre Group, LLC

(“Calibre”) is pleased to announce its first proprietary investment in Miami Valley Steel Service (“Miami Valley”), an independent, western Ohio based flatrolled steel service center. Calibre closed the equity purchase alongside management and existing shareholders.

“The Miami Valley investment fits perfectly with Calibre since we have extensive experience with the Company going back over nine years. We are thrilled to have it as our first portfolio investment. We look forward to working with our partners on the management team to help the company thrive and grow.” Calibre was represented by Ice Miller LLP. Miami Valley was represented by McGuireWoods LLP.

About Miami Valley

Miami Valley is a leading flat-rolled steel processor in Piqua, OH that specializes in value-added processing and small order sizes with a high level of customer service. The Company’s in-house value-added service capabilities include narrow slitting, cutting-to-length, shearing, oscillating, tension leveling and edging. The Company is capable of processing multiple types of materials including hot rolled, cold rolled, and coated. The Company’s small order size focus and high service quality, along with its numerous processing capabilities, allow it to provide tailored solutions to its customers. The Company operates from an owned 320,000 square foot facility located in Ohio that is capable of shipping approximately 200,000 tons of steel annually.

About Calibre Group

Calibre Group LLC is a manufacturing focused merchant bank based in Pittsburgh, PA that combines the advisory experience of Jim Tumulty and his team with capital from a small investor group. Calibre provides a full range of advisory services and investment capital for manufacturing companies with a focus on steel service, paper and forest product industries in the United States.

Calibre’s investment strategy is to target companies with the potential for transformation where our experience and expertise provide opportunities to unlock value through the creative combination of capital, operational improvement and active partnership with management.