Transaction Overview

PPHB advised North Shore Supply Company Inc. & its affiliates (collectively referred to as “NSS Group”) in securing a new credit facility. PPHB assisted in originating and negotiating a credit facility for the combined NSS Group of companies to enable a lower cost of capital and enhanced availability.

NSS Group

NSS Group provides a wide variety of steel products and services to many industries across the global marketplace. NSS Group is headquartered in Houston, Texas and operates from several facilities across North America. NSS Group serves its customers through the following independently-branded companies:

North Shore Supply Company Inc: Distributor of carbon steel products and a wide variety of value-added metal processing services.
Greens Bayou Pipe Mill, LP: Manufactures large welded pipe for some of the largest and most demanding structural engineering projects.
Bayou Processing & Storage LP: Offers steel coil slitting, coating and warehousing services with an exclusive focus on toll processing of customer-owned coil.
North Shore Ford Steel, LLC: Distributor of abrasion resistant plate and bar products and fabrication services to high-wear industries.

Wells Fargo & Company (“Wells Fargo”)

Wells Fargo is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. Wells Fargo provides a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: