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•August 23, 2007
Pacific Coast Steel (PCS) today announced that it has agreed to purchase the assets of D & R Steel, LLC (D&R), a reinforcing steel contractor in Glendale, Arizona. The transaction is expected to close in the next 30 days. Terms of the transaction were not disclosed.
D&R operates a reinforcing steel contracting business in Glendale that services the greater Southern Arizona marketplace including Phoenix, Scottsdale and Tucson. D&R has a fabrication facility with an annual capacity in excess of 30,000 tons per year. They currently contract for work in several market sectors, most notably commercial, highway and other public works of improvement.
"We are very excited about the acquisition of D&R and our entry into Arizona. Over the past few years, several of our existing customers have sought our participation in this market," remarked Eric Benson, President of PCS. "D&R was the right opportunity with strong leadership and a customer service orientation consistent with what our customers have grown to expect from PCS. We believe this acquisition will be the catalyst for our substantial participation within this dynamic marketplace."
PCS, a joint venture of Gerdau Ameristeel Corporation, is one of the country’s largest reinforcing steel contractors, specializing in the fabrication and installation of reinforcing steel products across a variety of construction projects throughout California and Nevada. PCS has in excess of 1,250 employees, including over 900 field ironworkers. They operate five rebar fabrication facilities within California and Nevada with annual capacity in excess of 250,000 tons per year.
•June 18, 2007
Pacific Coast Steel today announced they agreed to purchase the assets of Valley Placers, Inc. (VPI), a reinforcing steel contractor in Las Vegas, Nevada. The transaction is expected to close in the next 30 days.
In addition to contracting activities, VPI operates a steel fabrication facility and retail construction supply business in Las Vegas. VPI currently employes more than 110 field ironworkers and specializes in smaller commercial, retail and public works projects.
"Our participation in the Las Vegas market has increased considerably in the past nine months," remarked Eric Benson, President of PCS. "Valley Placers gives us the local presence needed to support our growth and will provide us immediate access to a broader range of market opportunities here."
J. Neal McCullohs, Vice President of Commercial and Downstream Operations for Gerdau Ameristeel, Pacific Coast Steel's Joint Venture partner, commented, "This further supports our approach to strategically grow our downstream operations in the West. VPI can be supported by our recently purchased mill in Oklahoma, and will easily roll into the PCS organizational structure.
•October 18, 2006
Pacific Coast Steel, Inc. and affiliate Bay Area Reinforcing announced they have agreed to enter into a joint venture with Gerdau Ameristeel Corporation (NYSE: GNA; GNA.TO). Gerdau Ameristeel will acquire a controlling interest in the new venture which will be called Pacific Coast Steel.
Gerdau Ameristeel is the second largest mini-mill steel producer in North America with annual manufacturing capacity of over 9.0 million tons of mill finished steel products. Through its vertically integrated network, Gerdau Ameristeel primarily serves customers in the eastern two thirds of North America.
Eric Benson, President and CEO of PCS/BAR commented: “We are extremely excited about this venture. With the combined resources of our respective organizations, we will continue our strategic expansion through the Western States with the comfort of knowing we have a partner that shares our vision and can support our growth from the supply side.” Mr. Benson added, “we think that Gerdau Ameristeel is the perfect fit for our organization.”
Commonly owned, PCS and BAR comprise one the country’s largest reinforcing steel contractors, specializing in the fabrication and installation of reinforcing steel products across a variety of construction projects throughout California and Nevada. Read the Press Release...
•October 16, 2006
Engineering News Record, www.enr.com, a well known and respected construction publication, ranks specialty contractors according to their construction revenue whether generated from specialty contracting in a prime or subcontracting capacity.
Included in the specialty category are the following types of trades: asbestos abatement, concrete, demolition/wrecking, electrical, glazing/curtain wall, mechanical, masonry, painting, roofing, sheet metal, steel erection, utility, wall/ceiling, and excavation/foundation.
Pacific Coast Steel advanced to the top 12% among specialty contractors in the nation for 2005, ranking number 47 out of 600 according to Engineering News Record's report published October 16, 2006. PCS has steadily increased its ENR ranking over the past several years, rising from last year's ranking of 119, and its' ranking of 310 in 2000.
Pacific Coast Steel ranks Number One among the union steel companies in the Nation for most man hours worked based on information published by the District Council of Ironworkers. With a workforce of over 1000+ employees, PCS is continuing to grow, and has the ability to serve all contracting needs from simple on-grade projects to complicated cast-in-place high rise structures, from small concrete vaults to major waste water treatment facilities, and from routine box culverts to suspended bridge superstructures.
•October 2, 2006
Led by a team of experienced and qualified employees, Pacific Coast Steel has commenced work at the "Encore At Wynn Las Vegas", a 10 story parking structure and casino servicing the 2,000-suite hotel tower, adjacent to the original "Wynn Las Vegas." The Project is projected to open in 2008 with approximately 5,000 hotel rooms.
Pacific Coast Steel. has expanded its' construction operations to the State of Nevada with several new construction projects starting this fall including "Red Rock Casino" Parking Structure, a parking lot for the luxury resort, the McCarren Airport Satellite 'D,' Nevada Division of Highways Bridge in Mesquite, Nevada, and several Water Treatment facilities in Henderson, Nevada.
Pacific Coast Steel projects over $40 Million in sales for their Nevada operations this fiscal year and intends to continue their expansion into the Southwest and Pacific Northwest regions of the United States. For sales information, please contact Bing Drastrup, Vice President.
• March 21, 2006
The American General Contractors held the 7th Annual Construction Safety Excellence Awards (CSEA) to recognize companies who have excellent safety and loss prevention programs achieved through management commitment, employee training and program innovation.
PCS was recently awarded the coveted Associated General Contractors of America Construction Safety Excellence Award at the AGC National Convention held in Palm Springs, California. The dedication and commitment that Pacific Coast Steel employees have shown towards safety was instrumental in the receipt of this Award.
The process commences with a competition at each local chapter of AGC, approximately 80 such chapters nation wide. The winner of the local chapter competition is then nominated for consideration for the National award. However, not all nominees are selected. Instead, a National committee decides which local contractors merit advancement to the National competition.
At the National level, the CSEA are judged by a panel of five that, this year, included judges from CAL OSHA, and The United States Army Corps of Engineers. They carefully scrutinized the safety program of the nominees, the commitment of management to safety and the actual results obtained by the nominees.
PCS was not expected to win the Specialty Subcontractor category as no reinforcing steel subcontractor has ever won a first place award at the competition. In fact, no reinforcing steel subcontractor has ever even been nominated for the National CSEA Award. According to the United States Bureau of Statistics, reinforcing steel is the most dangerous construction trade, and the fourth most dangerous occupation in the United States.
Nonetheless, given its stellar safety program, as well as its commitment to safety, PCS won its category in the Specialty Subcontractor division of the competition. It is in good company, as other winners in this year’s competition include Perini Building Co., Turner Construction Co., and Sundt Construction, Inc.
AGC of San Diego awarding Pacific Coast Steel 1st Place in December 2005.
AGC of America awarding Pacific Coast Steel 1st Place nationwide in March 2006.
(Pictured from left to right) Sam Hunter, President AGC, David Perkins, Executive Vice President, PCS, Carlos Ramirez, Safety Director, PCS, Jennifer Martin, Risk Manager, PCS, Jim Maloney, Deputy Chairman, Willis, Joe Theismann, Former NFL Quarterback
• December 7, 2005
The American General Contractors of San Diego held the 7th Annual Construction Safety Excellence Awards (CSEA) to recognize companies who have excellent safety and loss prevention programs achieved through management commitment, employee training and program innovation.
AGC of San Diego awarded Pacific Coast Steel First Place in the Specialty Contractor category for 2005. The purpose of the AGC Construction Safety Excellence Awards (CSEA) is to recognize those construction companies who excel at safety performance. CSEA closely examines each candidate’s commitment to safety and occupational health management and risk control. Judges look for evidence of company management commitment, active employee participation, safety training, work site hazard identification and control, and safety program innovation.
Pacific Coast Steel will go on to compete at the AGC National Convention in Palm Springs, CA in March 2006.
• October 25, 2005
Pacific Coast Steel, Inc. recently moved up to the top 20% of specialty contractors in the nation for 2004, ranking number 119 out of 600 according to ENR, Engineering News Record report published October 17, 2005. PCS has steadily increased revenues over the past five years in addition to their rise among the top specialty contractor’s rankings, from 310 out of 600 in 2000, up to 119 out of 600 in 2004. Employing over 600 field and shop workers throughout California, Pacific Coast Steel consistently ranks among the top three union steel companies in California and Nevada for most man hours worked in those geographic regions based on information published by the District Council of Ironworkers.
• October 21, 2005
San Diego Daily Transcript
Pacific Building Group has completed construction for the new two-story, 69,000-square-foot industrial building for Pacific Coast Steel on Industrial Parkway in San Bernardino. Smith Consulting Architects provided full architectural services for the $4.8 million build-to-suit project, with Pacific Coast Steel President Eric Benson providing oversight. read more...
• May 1, 2005
 Owner of Pacific Coast Steel, has acquired a majority interest in BAR, Bay Area Reinforcing, a long time reinforcing steel competitor, bolstering both companies’ abilities to deliver excellent results for customers in the Northern California market. With a combined workforce of 700+ Superintendents, Quality Foreman, and Field Ironworkers, supported by office personnel, it is expected that the two companies will have a strong presence in the Northern California market. BAR will continue operations under the name, “Bay Area Reinforcing,” and operate from their headquarters in Napa, CA with Larry Alamillo, President and Joe Alamillo, Senior Project Manager, maintaining company ownership, and leading the company to an expected $50 Million in revenue. BARs’ current projects include the Bay Bridge, Benicia Bridge, Oakland Airport, and 680/780 Connector. The acquisition is consistent with PCS’ “leader” strategy to grow the corporation with smart acquisitions and solid customer relationships.
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