National Metalwares LP has been acquired by Union Partners, LLC. Cowen acted as exclusive financial advisor to National Metalwares LP.
Founded in 1946, National Metalwares is a leading independent provider of finished steel tubular components and assemblies. National Metalwares is a vertically integrated business, with manufacturing capabilities in the U.S. and a proprietary supply-chain strategy that allows customers the benefits of overseas sourcing without the risk of line-down situations. The Company specializes in delivering complex finished components for diverse end markets including residential, office and education furniture, consumer lawn and garden and outdoor power equipment.
Union Partners is a full-service metals and logistics holding company specializing in metal distribution and processing, and related logistics services with 21 locations throughout North America. Its operations include Maksteel, Contractors Steel, Mapes & Sprowl Steel, Lamination Specialties, Cortran and Chicago Steel.