M&A Deal Summary

Reliance Steel & Aluminum Acquires Continental Alloys & Services

On August 3, 2011, Reliance Steel & Aluminum Co. acquired metals/mining company Continental Alloys & Services, Inc. from EdgeStone Capital Partners for 415M USD

Acquisition Highlights
  • This is Reliance Steel & Aluminum’s 6th transaction in the Metals/Mining sector.
  • This is Reliance Steel & Aluminum’s 3rd largest (disclosed) transaction.
  • This is Reliance Steel & Aluminum’s 9th transaction in the United States.
  • This is Reliance Steel & Aluminum’s 1st transaction in Texas.

M&A Deal Summary

Date 2011-08-03
Target Continental Alloys & Services, Inc.
Sector Metals/Mining
Buyer(s) Reliance Steel & Aluminum Co.
Sellers(s) EdgeStone Capital Partners
Deal Type Add-on Acquisition
Deal Value 415M USD
Advisor(s) Evercore Group LLC (Financial)

Target

Continental Alloys & Services, Inc.

Spring, Texas, United States
website
Continental Alloys & Services Inc. is a materials management company focused on high-end steel and alloy pipe, tube and bar products and precision manufacturing of various tools designed for well completion programs of global energy service companies and has 12 locations in seven countries.

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Buyer(S) 1

Buyer

Reliance Steel & Aluminum Co.

Los Angeles, California, United States

website


Category Company
Founded 1939
SectorMetals/Mining
Employees12,800
Revenue 8.8B USD (2020)
DESCRIPTION

Reliance Steel & Aluminum is a large metals service center company. Reliance Steel & Aluminum'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 Steel & Aluminum was formed in 1939 and is based in Los Angeles, California.


DEAL STATS #
Overall 9 of 21
Sector (Metals/Mining) 6 of 12
Type (Add-on Acquisition) 9 of 20
State (Texas) 1 of 4
Country (United States) 9 of 19
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Lampros Steel, Inc.

Portland, Oregon, United States

Lampros Steel, Inc. is a distributor of carbon steel plate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 National Specialty Alloys

Houston, Texas, United States

Founded in 1985, NSA sources, processes and distributes high performance specialty alloys for domestic and international markets. Our products include premium stainless steel, high temperature and corrosion-resistant nickel alloy bars and shapes and are sourced from the finest specialty mills in the world.

Buy -

Seller(S) 1

SELLER

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.


DEAL STATS #
Overall 19 of 25
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 14 of 17
State (Texas) 1 of 1
Country (United States) 4 of 6
Year (2011) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Protus IP Solutions, Inc.

Ottawa, Ontario, Canada

Protus provides the highest quality Software-as-a-Service (SaaS) communication services and solutions to the business market, including:

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 Work.com, Inc.

Santa Monica, California, United States

Rypple builds social software that makes workplace feedback easy and fun. Its software is built around people, not processes.

Sell -