M&A Deal Summary

Reliance Acquires Metals USA Holdings

On April 15, 2013, Reliance acquired metals/mining company Metals USA Holdings for 1.2B USD

Acquisition Highlights
  • This is Reliance’s 8th transaction in the Metals/Mining sector.
  • This is Reliance’s largest (disclosed) transaction.
  • This is Reliance’s 13th transaction in the United States.
  • This is Reliance’s 1st transaction in Florida.

M&A Deal Summary
Date 2013-04-15
Target Metals USA Holdings
Sector Metals/Mining
Buyer(s) Reliance
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Goldman Sachs
Morgan Stanley (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Metals USA Holdings

Fort Lauderdale, Florida, United States
Metals USA is a provider of processed carbon steel, stainless steel, aluminum, red metals and manufactured metal components. Company operate in three groups: Plates and Shapes Group, Flat Rolled and Non-Ferrous Group and Building Products Group.

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Buyer(S) 1

Buyer

Reliance

Scottsdale, Arizona, United States
Category Company
Founded 1939
Sector Metals/Mining
Employees15,000
Revenue 14.8B USD (2023)
DESCRIPTION

Reliance is a large metals service center company. Reliance's network of metals service centers operates more than 300 locations across the US and internationally. Through this network, Reliance provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance was founded in 1939 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 13 of 25
Sector (Metals/Mining) 8 of 16
Type (Add-on Acquisition) 12 of 23
State (Florida) 1 of 1
Country (United States) 13 of 23
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Sunbelt Steel Texas

Houston, Texas, United States

Sunbelt Steel Texas LLC is a distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Northern Illinois Steel Supply

Channahon, Illinois, United States

Northern Illinois Steel Supply Co., Inc.a value-added distributor and fabricator of a variety of steel and non-ferrous metal products, primarily structural steel components and parts, located in Channahon, Illinois.

Buy -
Mergr

Product

Company

Legal