Teamshares

Teamshares is the largest provider of outsourced industrial services to steel mills in North America, measured by revenue, and has a substantial and growing international presence. The company offers a comprehensive suite of outsourced industrial services to the steel industry, with employees and equipment integrated into customer sites throughout the steel production process, excluding steel making itself. These services are critical to customers' 24-hour-a-day operations, helping them achieve operational efficiencies and cost savings while focusing on their core steel making business. Teamshares provides mill services at 81 customer sites in 11 countries across North America, Europe, Latin America, and Africa. It also operates 35 brokerage offices that buy and sell raw materials across five continents. The company has established long-standing customer relationships over 80 years, serving its top 10 customers for an average of over 35 years. Its diversified customer base includes 12 of the top 15 largest global steel producers, such as United States Steel, ArcelorMittal, Gerdau, Nucor, Baosteel, POSCO, and Tata Steel. For the year ended December 31, 2012, Teamshares reported Total Revenue of $2,526.2 million, Revenue After Raw Materials Costs of $606.7 million, Adjusted EBITDA of $145.3 million, and Net Income of $26.1 million. The company's specialized services include: (1) scrap management and preparation; (2) semi-finished and finished material handling; (3) metal recovery and slag handling, processing and sales; (4) surface conditioning; (5) raw materials procurement and logistics; and (6) proprietary software-based raw materials cost optimization.