Olympic Steel - M&A Summary and Business Overview

Metals/miningCompany

Olympic Steel M&A Summary

Olympic Steel has acquired 9 companies, including 7 in the last 5 years.

Olympic Steel’s largest acquisition to date was in 2011, when it acquired Chicago Tube & Iron for $150M. Olympic Steel has acquired in 8 different US states. The Company’s most targeted sectors include manufacturing (56%) and distribution (34%).

Olympic Steel Business Overview

Where is Olympic Steel headquartered?

Olympic Steel is headquartered in Bedford Heights, Ohio.

What is Olympic Steel’s revenue?

Olympic Steel disclosed revenue of 2,158M USD for 2023 and 2,560M USD for 2022.

How many employees does Olympic Steel have?

Olympic Steel has 1,626 employees.

What sector is Olympic Steel in?

Olympic Steel is a metals/mining company.

When was Olympic Steel founded?

Olympic Steel was founded in 1954.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Olympic Steel

Olympic Steel, Inc.

5096 Richmond Road,
Bedford Heights, Ohio 44146
United States,
(216) 292-3800
www.olysteel.com

Olympic Steel is a U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company's CTI subsidiary is a distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Olympic Steel was founded in 1954 and is based in Bedford Heights, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 4 1 1 - 2 1 9
vol $150M $131M $281M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Metal Works LLC 2024-11-11 - Add-on Acquisition
Oakwood, Georgia · www.metal-works.net
Central Tube & Bar, Inc. 2023-10-02 - Add-on Acquisition
Conway, Arizona · www.centraltubeandbar.com
Metal-Fab, Inc. 2023-01-03 131M USD Add-on Acquisition
Wichita, Kansas · www.mtlfab.com
Shaw Stainless & Alloy 2021-10-01 - Add-on Acquisition
Powder Springs, Georgia · www.stainlessandalloy.com
Action Stainless & Alloys, Inc. 2020-12-14 - Add-on Acquisition
Carrollton, Texas · www.actionstainless.com
EZ-Dumper - Manufacturing Assets 2019-08-05 - Divestiture
Waynesboro, Pennsylvania
McCullough Industries, Inc. 2019-01-02 - Add-on Acquisition
Kenton, Ohio · www.mcculloughind.com
Berlin Metals LLC 2018-04-02 - Add-on Acquisition
Hammond, Indiana · www.berlinmetals.com
Chicago Tube & Iron Co. 2011-05-18 150M USD Add-on Acquisition
Romeoville, Illinois · www.chicagotube.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 5 (56%) 131M (47%) - -
Distribution 3 (33%) - - -
Metals/Mining 1 (11%) 150M (53%) - -
Total 9 $281M - -

By Geo

State/Country Buy Value Sell Value
United States 9 281M - -
  Georgia 2 - - -
  Indiana 1 - - -
  Illinois 1 150M - -
  Arizona 1 - - -
  Texas 1 - - -
  Pennsylvania 1 - - -
  Ohio 1 - - -
  Kansas 1 131M - -
Total 9 $281M - -

Deal Values

buy # Total
$100M to $1B 2 $281M
TOTAL $281M
Largest Chicago Tube & Iron Co.
$150M (2011-05-18)

M&A Connections

Deals
Acquired from
Strategic(s)
11%
1 (11%)

Company Summary

SECTOR

Metals/Mining

Revenue

2,158   16% 2023
2,560   11% 2022
2,312   88% 2021
1,234   22% 2020
1,579   8% 2019
1,715   29% 2018
1,331   27% 2017
1,055   11% 2016
1,176   19% 2015
1,436   14% 2014
1,263   9% 2013
1,383   2012
(millions of USD) Show More Show Less

Employees

1,626

Established

1954

Public

NASDAQ: ZEUS

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