M&A Deal Summary

Nucor Acquires Summit Utility Structures

On June 7, 2022, Nucor acquired metals/mining company Summit Utility Structures

Acquisition Highlights
  • This is Nucor’s 21st transaction in the Metals/Mining sector.
  • This is Nucor’s 30th transaction in the United States.
  • This is Nucor’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2022-06-07
Target Summit Utility Structures
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition

Target

Summit Utility Structures

West Hazleton, Pennsylvania, United States
Summit Utility Structures is a premier provider of tapered tubular steel transmission poles on the East coast. Summit Utility Structures manufactures all varieties of tapered tubular and standard shape structures. From structures as large as multi-bay A-Frames, lightning masts, and backbone structures to as small as low bus supports. Summit Utility Structures was founded in 2014 and is based in West Hazleton, Pennsylvania.

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Buyer(S) 1

Buyer

Nucor

Charlotte, North Carolina, United States
Category Company
Founded 1905
Sector Metals/Mining
Employees32,000
Revenue 34.7B USD (2023)
DESCRIPTION
Nucor's corporate headquarters in Charlotte, North Carolina.
Nucor's corporate headquarters in Charlotte, North Carolina.

Nucor is a North American manufacturer of steel products. Products produced include carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor was formed in 1905 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 33 of 35
Sector (Metals/Mining) 21 of 22
Type (Add-on Acquisition) 24 of 26
State (Pennsylvania) 3 of 3
Country (United States) 30 of 32
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Sovereign Steel Manufacturing

West Hazleton, Pennsylvania, United States

Sovereign Steel Manufacturing specializes in meeting the needs of the Electric Transmission Industry and Heavy Highway Construction. Sovereign Steel Manufacturing facility produces transmission and substation structures, including poles, lattice towers, and A-Frames, as well as all types of Highway signs and Simple Bridge Structures. Sovereign Steel Manufacturing was founded in 2014 and is based in West Hazleton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Southwest Data Products

San Bernardino, California, United States

Southwest Data Products has been designing, manufacturing, and deploying equipment room and data center cabinets, white spaces, racks, and accessories. It offers clients a turn-key design-and-build pipeline that delivers unmatched product quality, manufacturing flexibility, and project accountability. Southwest Data Products is based in San Bernardino, California.

Buy $115M
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