M&A Deal Summary

Reliance Steel & Aluminum Acquires Metals USA Holdings

On April 15, 2013, Reliance Steel & Aluminum acquired metals/mining company Metals USA Holdings for 1.2B USD

Acquisition Highlights
  • This is Reliance Steel & Aluminum’s 8th transaction in the Metals/Mining sector.
  • This is Reliance Steel & Aluminum’s largest (disclosed) transaction.
  • This is Reliance Steel & Aluminum’s 13th transaction in the United States.
  • This is Reliance Steel & Aluminum’s 1st transaction in Florida.

M&A Deal Summary
Date 2013-04-15
Target Metals USA Holdings
Sector Metals/Mining
Buyer(s) Reliance Steel & Aluminum
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Goldman Sachs
Morgan Stanley (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Metals USA Holdings

Fort Lauderdale, Florida, United States
website
Metals USA is a provider of processed carbon steel, stainless steel, aluminum, red metals and manufactured metal components. Company operate in three groups: Plates and Shapes Group, Flat Rolled and Non-Ferrous Group and Building Products Group.

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Buyer(S) 1

Buyer

Reliance Steel & Aluminum

Los Angeles, California, United States

website

Category Company
Founded 1939
Sector Metals/Mining
Employees12,800
Revenue 17.0B USD (2022)
DESCRIPTION

Reliance Steel & Aluminum is a large metals service center company. Reliance Steel & Aluminum's network of metals service centers operates more than 300 locations across the US and internationally. Through this network, Reliance provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance Steel & Aluminum was founded in 1939 and is based in Los Angeles, California.

DEAL STATS #
Overall 13 of 23
Sector (Metals/Mining) 8 of 14
Type (Add-on Acquisition) 12 of 22
State (Florida) 1 of 1
Country (United States) 13 of 21
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Sunbelt Steel Texas

Houston, Texas, United States

Sunbelt Steel Texas LLC is a distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Northern Illinois Steel Supply

Channahon, Illinois, United States

Northern Illinois Steel Supply Co., Inc.a value-added distributor and fabricator of a variety of steel and non-ferrous metal products, primarily structural steel components and parts, located in Channahon, Illinois.

Buy -
Mergr

Product

Company

Legal