Service Centers
Triple-S Expands in Mid-Atlantic Region
Written by Tim Triplett
October 14, 2021
In its latest acquisition, Triple-S Steel Supply Co., Houston, has purchased BMG Metals, a steel distributor and metal superstore with five stocking locations throughout Virginia and Maryland.
Steve Briggeman, a 21-year veteran of Triple-S, has been promoted to regional vice president. A resident of Knoxville, Tenn., Briggeman will oversee the new BMG business in addition to the Knoxville branch.
BMG Metals supplies carbon steel, stainless and aluminum. Its processing services include plasma cutting and burning, plus sawing and shearing.
“Steel distribution is what we love, and we welcome the opportunity to meet new friends and customers in one of the birthplaces of the United States. BMG provides a great vehicle to bring what we do best to this region,” said Gary Stein, CEO of Triple-S.
“After taking BMG as far as we could over the past nine years of ownership, Dillon Supply and our parent Descours and Cabaud realized BMG needed to be part of a larger steel organization in order to grow to the next level. Triple-S Steel, with its strong leadership, is the company to do just that,” said Dean Wagoner, president of BMG Metals.
Triple-S Steel Supply is a general line service center with a special emphasis in the construction markets. From its roots in Houston, it has grown throughout North America, Central and South America, and Asia. The company sells nearly 500,000 tons of steel per year.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.
Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.
Olympic Steel earnings slump in ‘challenging’ first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.
Olympic taps Scott for board, Rippey steps down
Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.
Ryerson narrows loss in first quarter
Ryerson's net loss shrinks in first quarter.