Takenaka Partners Advises Nippon Steel Trading Americas, Inc. on its Joint Venture with Pacesetter

Takenaka Partners LLC (Los Angeles, CA) acted as the exclusive financial advisor for Nippon Steel Trading Americas, Inc.’s (NSTA) joint venture with Pacesetter Steel Service, Inc. (dba Pacesetter). Through its Greenfield research process, Takenaka Partners identified Pacesetter as the best strategic partner for NSTA.

Together, NSTA, the North American trading arm of Nippon Steel  Corporation, and Pacesetter will build a new world class Service Center facility in Houston, TX. This joint venture, named NSPS Metals, LLC, will allow both companies to tap growth in the Southwestern United States and Mexico, supporting steel users in the HVACR, appliance, automotive, garage door, and metal building and roofing markets.

The partnership is a strong strategic fit, leveraging the respective strengths of both organizations. NSTA will provide certain assets, technical expertise and substantial resources from their international relationships. NSTA’s worldwide relationships will provide the joint venture with many unique opportunities. Meanwhile, Pacesetter will provide several of its talented associates, equipment and other assets, its strong customer relationships and its service center operational expertise.

For many years, both companies have forged OEM, Fabricator, and Trading Company relationships in which NSTA will provide its international reputation and Pacesetter will provide its over forty years of impeccable service experience to major corporations throughout the United States. According to Yoshiharu Tsurumi, President and CEO of NSTA, “NSTA has been serving the U.S. metals market for more than 60 years and is looking forward to strengthening our position in the U.S. market via this partnership with Pacesetter. NSTA’s goal is to continue to grow in the ever changing and challenging U.S. market by providing value added services to customers in the Southwestern market utilizing the synergies this joint venture creates. We are excited to join with the talented Pacesetter associates and their strong management team.” According to Yukuo Takenaka, President of Takenaka Partners, “Takenaka Partners is pleased to have found the best candidate for NSTA and to have been able to help structure a successful joint venture”.

We look forward to the opportunity to serve you and your business needs.