Steel Partners Holdings is a diversified holding company that owns and operates businesses across industrial manufacturing, energy services, banking, supply chain management, and youth sports. The company is managed externally by SP General Services, with Warren Lichtenstein serving as Executive Chairman of both the Manager and the board. Steel Services, a wholly-owned subsidiary, provides centralized management, legal, tax, accounting, and treasury services to portfolio companies under management services agreements. The largest segment, Diversified Industrial, houses several niche manufacturers making products such as precious metal brazing alloys, steel tubing, roofing fasteners, fiberglass substrates, power electronics, meat processing blades, and coated films. The Energy segment provides oilfield completion and production services in several U.S. basins, and also includes Steel Sports, a youth baseball and soccer organization. The Financial Services segment is anchored by WebBank, an FDIC-insured industrial bank that originates consumer and small business loans primarily through third-party marketing partners who then buy back those loans, generating fee income while limiting balance sheet risk. The Supply Chain segment consists of ModusLink, which provides outsourced supply chain management and e-commerce fulfillment to consumer electronics and retail clients across North America, Europe, and Asia. Steel Partners' overall strategy is to acquire and operate businesses in fragmented, niche markets, deploying capital over the long term rather than optimizing for near-term earnings.