AK Steel Holding - M&A Summary, Ownership, and Business Overview

Metals/miningCompany

AK Steel Holding M&A Summary

AK Steel Holding has acquired 3 companies of its own. A total of 1 acquisition came from private equity firms.

AK Steel Holding’s largest acquisition to date was in 2014, when it acquired Severstal Dearborn for $700M. AK Steel Holding has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include metals/mining (67%) and manufacturing (34%).

AK Steel Holding Ownership

Who owns AK Steel Holding?

AK Steel Holding is owned by Cleveland-Cliffs. It was acquired on December 3, 2019.

AK Steel Holding Business Overview

Where is AK Steel Holding headquartered?

AK Steel Holding is headquartered in West Chester, Ohio.

What is AK Steel Holding’s revenue?

AK Steel Holding disclosed revenue of 6,818M USD for 2018 and 6,081M USD for 2017.

How many employees does AK Steel Holding have?

AK Steel Holding has 9,500 employees.

What sector is AK Steel Holding in?

AK Steel Holding is a metals/mining company.

When was AK Steel Holding founded?

AK Steel Holding was founded in 1993.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

AK Steel Holding Corp.

9227 Centre Pointe Drive,
West Chester, Ohio 45069
United States,
(513) 425-5000
www.aksteel.com

AK Steel Holding Corp. is a producer of flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products. AK Steel Holding was founded in 1993 and is based in West Chester, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $1.1B $1.1B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Precision Partners Holding Co. 2017-08-10 360M USD Add-on Acquisition
Windsor, Ontario · www.pphc.com
Severstal Dearborn LLC 2014-07-21 700M USD Divestiture
Dearborn, Michigan
Central Tubing Facility 2003-07-02 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 2 (67%) 700M (66%) - -
Manufacturing 1 (33%) 360M (34%) - -
Total 3 $1.1B - -

By Geo

State/Country Buy Value Sell Value
United States 2 700M - -
  Michigan 1 700M - -
Canada 1 360M - -
  Ontario 1 360M - -
Domestic 2 (67%) 700M (66%) - -
Cross-border 1 (33%) 360M (34%) - -
Total 3 $1.1B - -

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
 1
Legal Deals
Weil Gotshal & Manges
 1

Deal Values

buy # Total
$100M to $1B 2 $1.1B
TOTAL $1.1B
Largest Severstal Dearborn LLC
$700M (2014-07-21)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Metals/Mining

Revenue

6,818   13% 2018
6,081   4% 2017
5,883   13% 2016
6,693   3% 2015
6,506   17% 2014
5,570   7% 2013
5,933   2012
(millions of USD) Show More Show Less

Employees

9,500

Established

1993

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