Gautier Steel Holdings' ESOP receives private equity funding

Tecum Capital (“Tecum”) announced today an investment in the newly formed Gautier Steel Holdings Inc. (“Gautier”, or the “Company”) ESOP. The Company operates a bar mill producing hot rolled carbon and alloy flats and squares as well as a plate mill offering plate products in tool steel, stainless and more. The two mills operate from the same facility in Johnstown, PA and had previously been under separate ownership.

Stephen Gurgovits, Jr., Managing Partner of Tecum, stated, “Gautier has been a fixture to the City of Johnstown for over a century, it represents another opportunity to partner with a driven and motivated management team right in our backyard. We are excited to partner with Mosaic Capital, Patriot Capital, Salem Investment Partners, and the entire Gautier team to execute the next phase of growth.”

The ESOP provides a substantial retirement benefit to all eligible, full-time employees. Research shows that companies with an ESOP tend to be environmentally conscious, experience less voluntary turnover, and perform better in times of economic downturn.

Financial partners in the transaction included KeyBank, Mosaic Capital, Patriot Capital, and Salem Investment Partners. Signet Capital Advisors served as the Company’s financial advisor during the transaction.

About Gautier Steel

Gautier Steel Holdings Inc. (“Gautier”) is a niche manufacturer of hot rolled steel bar and specialty steel plate in Johnstown, PA. For more information, visit www.gautiersteel.com.

About Tecum Capital

Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader high-value manufacturing, value-added distribution, and business services sectors. For more information, please visit www.tecum.com.