Black Diamond Capital Management, L.L.C. announced today that it has acquired Valley Joist from EBSCO Industries, Inc.
Valley Joist, a joist and deck manufacturer since 1958, includes two facilities that span almost 30 acres and 250,000 square feet while employing close to 200 employees across both locations, in Ft. Payne, Alabama and Fernley, Nevada.
Black Diamond owns and operates Bayou Steel Group, among other steel related businesses.
"We are pleased to be acquiring Valley Joist and working with the company to grow their presence in the joist and deck industry," said Stephen H. Deckoff, Founder and Managing Principal of Black Diamond. "The acquisition of Valley Joist is in line with our strategy to acquire complementary downstream businesses that can benefit from being affiliated with our portfolio of steel production businesses."
The transaction closed on December 29, 2017.