Steel deal: In a momentous transaction that happened quickly — but almost didn’t happen at all — Houston-based Triple-S Steel Holdings this month acquired the assets of Galveston-based Industrial Material Corp ., sparing the company closure.

Sam Stein, left, director of business development at Triple-S Steel Holdings, and Jayson Levy, president of Industrial Material Corp. in Galveston, celebrate Triple-S Steel’s acquisition of the longtime island business Monday. JENNIFER REYNOLDS/The Daily News

To commemorate the change of ownership, representatives of Triple-S Steel Holdings on Monday celebrated with a grand opening and barbecue at Industrial Material Corp.’s 7701 Harborside Drive facilities on the island.

Triple-S Steel Holdings didn’t buy the island company’s fabrication com

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