Worthington Enterprises - M&A Summary and Business Overview

Metals/miningCompany

Worthington Enterprises M&A Summary

Worthington Enterprises has acquired 23 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets.

Worthington Enterprises’ largest acquisition to date was in 2017, when it acquired Amtrol for $283M. It’s largest disclosed sale occurred in 2021, when it sold Stako Sp. z o.o. to Westport Fuel Systems for $6M. Worthington Enterprises has acquired in 14 different US states, and 4 countries. The Company’s most targeted sectors include manufacturing (37%) and machinery (28%).

Worthington Enterprises Business Overview

Where is Worthington Enterprises headquartered?

Worthington Enterprises is headquartered in Columbus, Ohio.

What is Worthington Enterprises’ revenue?

Worthington Enterprises disclosed revenue of 4,916M USD for 2023 and 5,242M USD for 2022.

How many employees does Worthington Enterprises have?

Worthington Enterprises has 4,000 employees.

What sector is Worthington Enterprises in?

Worthington Enterprises is a metals/mining company.

When was Worthington Enterprises founded?

Worthington Enterprises was founded in 1955.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity22
    • M&A Sell Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 15
  • M&A Advisors 1

Worthington Enterprises

Worthington Enterprises, Inc.

200 Old Wilson Bridge Road,
Columbus, Ohio 43085
United States,
(614) 438-3210
www.worthingtonenterprises.com

Worthington Enterprises is a diversified metal processing company. Worthington is a value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems, and laser-welded blanks. Worthington Enterprises was founded in 1955 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 18 - 4 - - - 22
vol $537M $475M $1.0B
Sell (0.6/yr) # 3 1 2 - - - 6
vol $6M $6M
  28

Most Recent M&A

Company Date Value Type
Tempel Steel Co. 2021-11-01 255M USD Add-on Acquisition
Chicago, Illinois · www.tempel.com
Shiloh Industries - U.S. BlankLight Business 2021-06-08 105M USD Divestiture
Valley City, Ohio
Stako Sp. z o.o. 2021-05-28 6M EUR Divestiture
Slupsk, Poland · www.stako.pl
General Tools & Instruments LLC 2021-02-01 115M USD Add-on Acquisition
Secaucus, New Jersey · www.generaltools.com
Worthington Industries - Oil & Gas Equipment Business 2021-02-01 - Divestiture
Bremen, Ohio
PTEC Pressure Technology GmbH 2021-01-07 - Add-on Acquisition
Burscheid, Germany · www.ptec.eu
Worthington Industries, Inc. - Life Sciences Business 2020-11-02 - Divestiture
Theodore, Alabama
Worthington Industries Engineered Cabs, Inc. 2019-11-05 - Divestiture
Watertown, South Dakota
Heidtman Steel Products, Inc. - Pickling and Slitting Facility 2019-10-07 - Divestiture
Cleveland, Ohio
Worthington Industries, Inc. - Soldering Business 2019-01-02 - Divestiture
Columbus, Ohio
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Worthington Steel Of Michigan, Inc ( The Worthington Steel Co.)    - Gibraltar Strip Steel 2010-02-01 1
Taylor, Michigan , United States

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 8 (36%) 758M (75%) 3 (50%) 6M (100%)
Machinery 6 (27%) 180M (18%) - -
Metals/Mining 5 (23%) 34M (3%) 1 (17%) -
Automotive 2 (9%) - - -
Energy Services and Equipment 1 (5%) 40M (4%) - -
Life Science - - 1 (17%) -
Oil/Gas Exploration - - 1 (17%) -
Total 22 $1.0B 6 $6M

By Geo

State/Country Buy Value Sell Value
United States 19 1.0B 5 -
  Ohio 5 105M 2 -
  South Dakota 2 180M 1 -
  Virginia 1 - - -
  Utah 1 - - -
  Rhode Island 1 283M - -
  Oklahoma 1 40M - -
  North Dakota 1 - - -
  New York 1 - - -
  New Jersey 1 115M - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Kansas 1 - - -
  Illinois 1 255M - -
  California 1 34M - -
  Alabama - - 1 -
  Tennessee - - 1 -
Poland 1 - 1 6M
Canada 1 - - -
  Ontario 1 - - -
Germany 1 - - -
Domestic 19 (86%) 1.0B (100%) 5 (83%) -
Cross-border 3 (14%) - 1 (17%) 6M (100%)
Total 22 $1.0B 6 $6M

Top M&A Advisors

Financial Deals
C.W. Downer & Co.
 1

Deal Values

buy # Total
$100M to $1B 5 $938M
< $100M 2 $74M
TOTAL $1.0B
Largest Amtrol, Inc.
$283M (2017-06-02)
sell # Total
< $100M 1 $6M
TOTAL $6M
Largest Stako Sp. z o.o.
$6M (2021-05-28)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Strategic(s)
18%
4 (18%)
Divested to
Investor(s)
17%
1 (17%)
Strategic(s)
83%
5 (83%)

Company Summary

SECTOR

Metals/Mining

Revenue

4,916   7% 2023
5,242   66% 2022
3,171   4% 2021
3,059   19% 2020
3,760   5% 2019
3,582   19% 2018
3,014   7% 2017
2,820   17% 2016
3,384   9% 2015
3,126   20% 2014
2,612   2013
(millions of USD) Show More Show Less

Employees

4,000

Established

1955

Public

NYSE: WOR

Former Name

Worthington Industries, Inc.

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