Juniper Capital Management has sold Andes Coil Processors, a Texas-based steel toll processor, to Allison Resources. No financial terms were disclosed.

This transaction marks Juniper's 11th exit out of 12 total investments made within four platform companies since 2017. Andes operates four rail-served facilities across Texas and Indiana, providing precision processing and supply-chain services for carbon and alloy steel.

"We are proud of the partnership we built with the Andes team over the past several years," said Lou Grabowsky, co-founder and managing partner of Juniper Capital Management. "Andes represents exactly the type of business we seek to partner with, an essential industrial company with deep customer relationships and highly technical expertise."

Following the transaction, Andes will combine with Longhorn Tube, an existing Allison Resources subsidiary, to form Brazos Steel.