BM Group takes over LE Steel to further expand its portfolio

By Vinisha Joshi  | Date: 2022-06-18

BM Group takes over LE Steel to further expand its portfolio

BM Group of Companies (BM Group), representing a growing portfolio of project management, material supply, land development and construction companies, has recently announced its acquisition of LE Steel Fabricators Ltd. The latest move would enable BM Group to further support the growth of its diverse portfolio.

The acquisition included LE Steel’s warehouse, industrial property, and equipment.

Post LE Steel Fabricators acquisition, BM Group now represents more than 15 independent businesses, providing a comprehensive network of complementary businesses to its existing clients.

BM Group’s diverse portfolio of businesses along with its financial strength offers cost savings, effectiveness, and several other benefits to its clients.

Milan Mann, President of Real Estate Development and Construction, BM Group said that with over 30 plus years of expertise in the custom fabrication of structural, aluminum, engineered, steel, and stainless-steel products, the acquisition of LE Steel is a milestone in BM group’s growth journey.

Mann further added that this partnership will allow BM Group to execute larger repair and restoration projects and will add to its mission of ‘restoring the future’.

LE steel has, over the years, been delivering large scale projects across the province for decades. BM Group’s industry partners and clients can be rest assured with this newly formed partnership as it will continue to drive exceptional and reliable projects, said Mann.

The founder of LE Steel, Peter VandeBurgt said that BM Group was the obvious option for the acquisition as the team had genuine interest in the LE steel family.

Peter also mentioned that nurturing LE steel’s employees and customers is BM Group’s top priority.

VandeBurgt will continue to work with LE Steel for one year in order to help manage the transition.

BM Group envisions the new acquisition to inspire people that even in the time of turbulence, it is still concerned to take initiatives that will bring new opportunities on board, not only for the company, but for its employees as well.

Source Credit: https://www.globenewswire.com/news-release/2022/06/16/2464402/0/en/BM-Group-Acquires-LE-Steel.html

About Author

Vinisha Joshi     thisisourtownrichmond.co.uk

Vinisha Joshi

As a qualified Engineering graduate, Vinisha Joshi takes pride in playing with words. Presently, she pens down insightful articles on business, core industry, technology, and the like for Thisisourtownrichmond in addition to other platforms. Creativity comes naturally...

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