Mid-market investment bank Lincoln International announced that Merit Capital Partners has completed the sale of Structural and Steel Products, Inc. (SSP) to Highland Capital Management, a Dallas-based asset management firm. Terms of the transaction were not disclosed.
Headquartered in Fort Worth, Texas, SSP manufactures and distributes products used in the highway construction end-market, including overhead sign structures, guardrails, crash cushions, lighting poles and bridge decking. In addition, SSP manufactures tubular structures used in the communication and power transmission industries.
Lincoln International acted as the exclusive financial advisor to SSP, working closely with the company's management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.