M&A Deal Summary

Canam Acquires Quincy Joist

On April 29, 2013, Canam acquired metals/mining company Quincy Joist from DBM

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

M&A Deal Summary
Date 2013-04-29
Target Quincy Joist
Sector Metals/Mining
Buyer(s) Canam
Sellers(s) DBM
Deal Type Divestiture

Target

Quincy Joist

Buckeye, Arizona, United States
Quincy Joist Co. designs and manufactures open-Web steel joists. It offers steel joists, steel joist girders, long spans, steel girders, specialty joists, and steel decks.

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Buyer(S) 1

Buyer

Canam

Point of Rocks, Maryland, United States
Category Company
Founded 1997
Sector Building Materials
Employees2,400
Revenue 1.7B USD (2021)
DESCRIPTION

Canam specializes in designing integrated solutions and fabricating customized products for the North American construction industry. Each year, Canam Group takes part in an average of 10,000 building, heavy steel and bridge projects, which can also include the supply of preconstruction and project management services. The Corporation operates 23 plants across North America and employs people in Canada, the United States, Romania and India.

DEAL STATS #
Overall 2 of 4
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 United Steel Structures

Guangzhou, China

USSL is one of the largest structural steel fabricators in China targeting global structural steel market. It takes full advantage of industry-leading technology and advanced equipment, extensive project management skills and high English proficiency, coupled with on-time, on-budget performance, and earns the trusts and supports from the worlds’ top clients in a variety of sectors across the globe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 Massif Technologies

Quebec City, Quebec, Canada

Massif Technologies is composed of a group of engineers and technicians who are specialized in designing non-residential buildings featuring a wooden frame or wood components. The Company, which has offices in Quebec City and Saguenay, also has expertise in project management. Massif Technologies has taken part in the construction of multiple projects in recent years, including the Saint-Lin municipal pool, Everest Elementary School, the Mazda car dealership in Saint-Félicien, the National Bank building in Jonquière and the Sûreté du Québec police station in Sainte-Agathe.

Buy -

Seller(S) 1

SELLER

DBM

Phoenix, Arizona, United States
Category Company
Founded 2001
Sector Construction
Employees1,300
Revenue 736M USD (2007)
DESCRIPTION

DBM is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions. The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and state-of-the-art steel management systems. Major market segments include commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. When the transactions have been completed, the Company, which is headquartered in Phoenix, Arizona, will have operations in United States, Australia, Canada, India, New Zealand, Philippines, Singapore, Thailand and the United Kingdom. DBM was founded in 1976 and is headquartered in Phoenix, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-15 Schuff Steel - Pacific

National City, California, United States

Schuff Steel - Pacific, Inc. is a manufacturer and provider of steel for construction industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 GrayWolf Industrial

Owensboro, Kentucky, United States

GrayWolf is a specialized mechanical contractor focused on the power, refinery and heavy industrial markets. The company offers fully outsourced and on-call maintenance services as well as installation services for environmental compliance projects, plant extensions, upgrades and new builds. GrayWolf’s customer base includes plant operators, industrial contractors and original equipment manufacturers.

Buy $135M
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