Alro Steel Announces Strategic Investment Partnership with Lindsay Goldberg

August 10, 2026 - Alro Steel today announced a significant strategic investment partnership with Lindsay Goldberg, a leading private investment firm that specializes in family-owned and founder-led businesses. Through this investment, Lindsay Goldberg will become the majority investor in Alro Steel. The Glick family, which founded Alro Steel in 1948, will retain significant ownership interest. 

The Alro Steel name, brand, and daily operations will remain unchanged. The Glick family and the existing leadership team will continue to lead the business. Customers, teammates, and suppliers can expect the same commitment to culture, leadership, quality, service, and relationships that have defined Alro Steel.

“Alro has found an investment partner that deeply values our people, our culture, our history, and our commitment to our customers. Day-to-day operations will continue exactly as they have, our executive team remains fully in place, and our valued teammates will continue to be the backbone of our success. With Lindsay Goldberg’s support, we will have additional resources for future growth in metals and plastics,” said Randy Glick, CEO & Chairman, Alro Steel.

“Randy and the entire team at Alro Steel have built an exceptional business with a well-earned reputation for excellence in the metals industry. Our goal is to act as a catalyst for their continued success. We are committed to supporting Alro’s future growth by providing the strategic guidance and capital needed to expand, all while ensuring that Alro’s workforce, culture and name remain firmly at the top of the metals service center industry,” said Michael Dees, Managing Partner, Lindsay Goldberg.

Lindsay Goldberg focuses on partnering with families and founders to foster long-term expansion. This partnership will allow Alro Steel to pursue new growth opportunities while remaining deeply committed to the core values and culture that built the company.  

The transaction is subject to customary closing conditions and is expected to be completed by the end of October.

J.P. Morgan acted as the exclusive financial advisor to Alro Steel in completing this transaction.

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders, and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised over $24 billion of equity capital and has invested in more than 65 platform companies and over 350 add-ons. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of Affiliate Partners. 

About Alro Steel

Alro Steel was founded in 1948 by brothers Al and Robert Glick in Jackson, Michigan. The company is a distributor of metals and performance plastics. Alro is focused on offering cut-to-size metals and plastics with next-day delivery to over 50,000 customers in North America. Alro operates over 80 locations in 16 states and provides a broad inventory of products under the following companies: Alro Steel, Alro Metals, Alro Metals Outlet, and Alro Plastics.