HIG Capital LLC a leading global private equity firm announced that its affiliate has acquired DynaSteel Corporation. DynaSteel specializes in engineering and fabricating complex, customized high precision carbon steel and specialized alloy systems used primarily in air quality control systems.

Mr Jim Russell CEO of DynaSteel Corporation said that "We are pleased to work with HIG to leverage their experience growing private businesses. The recapitalization of DynaSteel allows us to continue growing our customer base across multiple end markets and expanding our facilities and gives us the flexibility to support our customers as they keep up with ever tightening environmental regulations."

Mr Richard Stokes of HIG Capital said that "We are excited about DynaSteel's prospects, and intend to actively support the Company as it builds on its well-deserved reputation. We have great confidence in the management team as operators and believe that the partnership between DynaSteel and HIG will facilitate and expedite our collective goal to grow the Company to a position as the pre eminent provider of high quality fabricated air quality products."

DynaSteel established in 1970, fabricates largescale, high precision, complex air handling systems for the power, cement, petrochem and other industries. From three strategic locations in Memphis, Tennessee, Natchez and Iuka, Mississippi, the Company is able to leverage its unique waterway access to deliver integrated solutions to its customers. Customers value the ability to receive modularized systems via barge, enabling DynaSteel to provide a cost effective and low risk solution.