BDO Capital Advisors Announces the Sale of Maas-Hansen Steel to Triple-S Steel

Los Angeles, CA - November 9, 2015 - BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Maas-Hansen Steel Corporation (Maas-Hansen) to Triple-S Steel Holdings, Inc. (Triple-S), one of the top twenty steel service center businesses in America. As the exclusive financial advisor to Maas-Hansen, BDO Capital helped prepare a confidential offering memorandum, contacted an approved list of potential buyers and assisted the shareholders in structuring and negotiating the transaction.

Maas-Hansen specializes in the processing of light gauge steel and aluminum sheet products. The Company, which was founded in 1929, has approximately 50 employees in facilities in Vernon and Fontana, California. Gary Wolfe and Don Matso, Directors, issued a statement on behalf of Maas-Hansen: “After much deliberation, the shareholders of Maas-Hansen Steel, an 86 year-old family-owned business, are delighted that the loyal employees of Maas-Hansen Steel will now be part of the family of businesses owned by the very successful and growing Triple-S Steel, owned and managed by the Stein Family.” Triple-S was founded in Houston in 1960 by Bruce D. Stein and has been led since 1983 by Gary Stein, its current CEO. With locations in nine U.S. states and in Colombia, the company remains privately held by members of the Stein family.

“Initially, we were attracted to Maas-Hansen because their Fontana facility is directly next door to ours. Our product lines are complementary and we are really excited about the possibilities of providing an ever more complete package to the customers of both companies” said Kevin Dempsey, Senior Vice President of Triple-S. Gary Stein, CEO, added “We keep hearing about the trouble of doing business in California, and it is true that many companies have exited the state, but in our three years or so of being here, we have been pleasantly surprised by the business environment. We have enjoyed our experience and look forward to future success in this state.”