Dave Steel, a family-owned steel fabricator, began making beams for bridges in Asheville before the Great Depression and before the days of hydraulic punches and cranes. Its first major project was the construction of the American Enka plant in 1932. Now it has announced another family-owned business, Walters Group, has purchased a minority interest in the company. Whereas Dave Steel specializes in the precision design and manufacturing of structural steel, Walters Group is a full-service steel company that also delivers and erects steel frames. Walters Group runs three plants in Ontario, and the merger will give it a physical presence in the United States plus opportunities to collaborate on Dave Steel projects. Dave Steel will benefit by being able to offer customers full service in-house. Both companies will benefit from shared resources and economies of scale; namely buying power and the competitive edge this can create. The merger will also help with successorship planning. Dave Steel will continue to operate as a separate organization under its current president, Jeffrey Dave.