“We have now reached an inflection point in our company's evolution where the logical next step is to join forces with a strong financial partner to pursue the significant growth opportunities ahead,” W&W|AFCO president and chief executive Rick Cooper said in a statement. 

“I am very proud of the culture of integrity and excellence that we have built since 1945, and we could not have found a better partner than Alleghany Capital, which embraces the same values and long-term perspective as W&W|AFCO Steel.” 
Headquartered in Oklahoma City, Okla., the business makes structural components for large-scale projects, including stadiums and bridges. 

“W&W|AFCO has an impressive history and has earned a reputation for delivering the highest quality fabricated steel products and services to demanding and complex construction projects across the country.  We look forward to partnering with Rick Cooper and supporting W&W|AFCO's dedicated employees as they continue to play a vital role in building and refurbishing U.S. infrastructure," Alleghany Capital president and chief executive David Van Geyzel said in a statement. 

Terms of the deal were not disclosed.