# Z Capital agrees to acquire Atmosphere Annealing and NitroSteel

Z Capital Partners agrees to acquire Atmosphere Annealing L.L.C. and NitroSteel L.L.C. (collectively Premier Thermal Solutions) from Gerdau S.A. The transaction is expected to close within 30 days; terms are undisclosed. PTS has plants in Ohio, Michigan, Indiana, and Wisconsin.

- Type: Acquisition
- Announced: 2017-03-16
- Where: United States
- Status: announced
- Products: metal heat treating services, ferritic nitrocarburized steel bars
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gerdau](https://endata.com/companies/16353.md) (partner)
- [Z Capital Partners](https://endata.com/companies/22892.md) (acquirer)
- [Atmosphere Annealing](https://endata.com/companies/22893.md) (target)
- [NitroSteel](https://endata.com/companies/22894.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/z-capital-announces-agreement-to-acquire-atmosphere-annealing-and-nitrosteel-300424770.html), 2017-03-16: "With Z Capital's financial backing, PTS plans to expand its metal heat-treating service offering by adding capabilities organically, through strategic acquisitions and by diversifying into additional end-markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.