Steel Partners - M&A Summary and Business Overview

DiversifiedCompany

Steel Partners M&A Summary

Steel Partners has acquired 5 companies, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2022, when it sold SL Power Electronics to Advanced Energy Industries for $145M. Steel Partners has acquired in 4 different US states. The Company’s most targeted sectors include manufacturing (60%) and energy services and equipment (20%).

Steel Partners Business Overview

Where is Steel Partners headquartered?

Steel Partners is headquartered in New York, New York.

What is Steel Partners’ revenue?

Steel Partners disclosed revenue of 1,905M USD for 2023 and 1,695M USD for 2022.

How many employees does Steel Partners have?

Steel Partners has 5,100 employees.

What sector is Steel Partners in?

Steel Partners is a diversified company.

When was Steel Partners founded?

Steel Partners was founded in 1990.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 5

Steel Partners

Steel Partners Holdings L.P.

590 Madison Avenue, 32nd Floor,
New York, New York 10022
United States,
(212) 520-2300
www.steelpartners.com

Steel Partners is a diversified global holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests. It owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking and youth sports. Steel Partners was founded in 1990 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - 1 - - 5
Sell (0.2/yr) # - - - 1 - - 1
vol $145M $145M
  6

Most Recent M&A

Company Date Value Type
Steel Connect, Inc. 2022-06-13 - Merger
Smyrna, Tennessee · www.steelconnectinc.com
SL Power Electronics Corp. 2022-04-04 145M USD Divestiture
Calabasas, California · www.slpower.com
Dunmore Corp. 2018-02-20 - Add-on Acquisition
Bristol, Pennsylvania · www.dunmore.com
Handy & Harman Ltd. 2017-06-26 - Merger
White Plains, New York · www.handyharman.com
Steel Excel, Inc. 2016-12-23 - Stake Purchase
White Plains, New York · www.steelexcel.com
CoSine Communications, Inc. 2015-12-03 - Merger
Los Gatos, California · www.cosinecom.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 3 (60%) - - -
Energy Services and Equipment 1 (20%) - - -
Transportation 1 (20%) - - -
Electrical Equipment - - 1 (100%) 145M (100%)
Total 5 - 1 $145M

By Geo

State/Country Buy Value Sell Value
United States 5 - 1 145M
  New York 2 - - -
  California 1 - 1 145M
  Tennessee 1 - - -
  Pennsylvania 1 - - -
Total 5 - 1 $145M

Top M&A Advisors

Financial Deals
Corporate Fuel Advisors LLC
 1
Imperial Capital LLC
 1
Legal Deals
Olshan Frome Wolosky
 1
GreenbergTraurig
 1
Troutman Pepper Hamilton Sanders
 1

Deal Values

sell # Total
$100M to $1B 1 $145M
TOTAL $145M
Largest SL Power Electronics Corp.
$145M (2022-04-04)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Diversified

Revenue

1,905   13% 2023
1,695   12% 2022
1,525   17% 2021
1,311   17% 2020
1,562   2% 2019
1,585   16% 2018
1,372   18% 2017
1,164   17% 2016
998   18% 2015
850   2014
(millions of USD) Show More Show Less

Employees

5,100

Established

1990

Public

NYSE: SPLP

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