Service Centers

Triple-S closes on American Stainless Tubing buy
Written by Ethan Bernard
July 3, 2025
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.
The deal was a $16-million all-cash transaction, subject to customary closing conditions.
North Carolina-based American Stainless Tubing was acquired by First Tube LLC, a subsidiary of Triple-S, from Ascent Industries, a specialty chemical company.
Note that Angle Advisors was the exclusive investment banking advisor to Ascent for completing the transaction, according to a statement from Angle Advisors on July 2.
Houston-based Triple-S is a privately owned steel service center with over 60 locations.

Ethan Bernard
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