M&A Deal Summary

Schnitzer Steel Industries Acquires Columbus Recycling

On August 17, 2021, Schnitzer Steel Industries acquired environmental company Columbus Recycling from Trivest Partners

Acquisition Highlights
  • This is Schnitzer Steel Industries’ 6th transaction in the Environmental sector.
  • This is Schnitzer Steel Industries’ 6th transaction in the United States.
  • This is Schnitzer Steel Industries’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2021-08-17
Target Columbus Recycling
Sector Environmental
Buyer(s) Schnitzer Steel Industries
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition

Target

Columbus Recycling

Columbus, Mississippi, United States
website
Columbus Recycling is a metal recycling company focused on processing scrap and supplying materials to foundries and specialty mills. Columbus Recycling was founded in 1956 and is based in Columbus, Mississippi.

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Buyer(S) 1

Buyer

Schnitzer Steel Industries

Portland, Oregon, United States

website

Category Company
Founded 1906
Sector Metals/Mining
Employees3,471
Revenue 3.5B USD (2022)
DESCRIPTION

Schnitzer Steel Industries is an North America’s recyclers of ferrous and nonferrous scrap metal including end-of-life vehicles and a manufacturer of finished steel products. Schnitzer Steel Industries was founded in 1906 and is based in Portland, Oregon.

DEAL STATS #
Overall 7 of 7
Sector (Environmental) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (Mississippi) 1 of 1
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-31 Schnitzer Macon

Macon, Georgia, United States

Schnitzer Macon is a provider of metals recycling in South Georgia.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 30 of 34
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Mississippi) 1 of 1
Country (United States) 27 of 31
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 REDCON1

Boca Raton, Florida, United States

REDCON1 is a sports nutrition brands. REDCON1 offers a diversified set of products to over 80 countries worldwide. REDCON1’s products appeal to wide range of consumers and athletes of all skill levels and can be found online direct and at retail outlets including Walmart, Vitamin Shoppe, Meijer’s, Dick’s Sporting Goods, GNC, 24 Hour Fitness and at military exchanges and commissaries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Veritran

Buenos Aires, Argentina

Veritran is a global FinTech low-code software platform provider. Veritran provides enterprise-grade, low-code software that helps nearly 20 million individuals safely run over 25 billion transactions annually. Veritran was founded in 2005 and is based in Buenos Aires, Argentina.

Buy -
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