M&A Deal Summary

Forta Acquires Helix Steel

On July 11, 2024, Forta acquired metals/mining company Helix Steel from Pensmore

Acquisition Highlights
  • This is Forta’s 1st transaction in the Metals/Mining sector.
  • This is Forta’s 2nd transaction in the United States.
  • This is Forta’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-07-11
Target Helix Steel
Sector Metals/Mining
Buyer(s) Forta
Sellers(s) Pensmore
Deal Type Divestiture

Target

Helix Steel

Ann Arbor, Michigan, United States
Helix Steel manufactures Twisted Steel Micro Rebar ("TSMR"), a proactive concrete reinforcement technology worldwide. Helix Steel is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

Forta

Grove City, Pennsylvania, United States
Category Company
Founded 1978
Sector Information Technology
DESCRIPTION

Forta is a developer of technology that provides solutions to consumer problems. Forta was founded in 1978 and is based in Grove City, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 VM Fiber Feeder

Sarasota, Florida, United States

VM Fiber Feeder, Inc. is a producer of cost effective and user-friendly fiber feeders and fiber for the Volumetric Concrete market.

Buy -

Seller(S) 1

SELLER

Pensmore

United States
Category Company
Sector Information Technology
DESCRIPTION

Pensmore LLC is an infrastructure technologies with durability, energy efficiency and safety in mind. Pensmore identifies and develops unique cost-effective innovations that will lead to a safer and cleaner environment.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Helix Steel

Ann Arbor, Michigan, United States

Helix Steel manufactures Twisted Steel Micro Rebar ("TSMR"), a proactive concrete reinforcement technology worldwide. Helix Steel is based in Ann Arbor, Michigan.

Buy -
Mergr

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