M&A Deal Summary

CMC Acquires Roane Metals Group

On March 3, 2023, CMC acquired environmental company Roane Metals Group

Acquisition Highlights
  • This is CMC’s 1st transaction in the Environmental sector.
  • This is CMC’s 15th transaction in the United States.
  • This is CMC’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-03-03
Target Roane Metals Group
Sector Environmental
Buyer(s) CMC
Deal Type Add-on Acquisition

Target

Roane Metals Group

Rockwood, Tennessee, United States
Roane Metals Group is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee. Roane Metals Group is based in Rockwood, Tennessee.

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Buyer(S) 1

Buyer

CMC

Irving, Texas, United States
Category Company
Founded 1915
Sector Metals/Mining
Employees13,022
Revenue 8.8B USD (2023)
DESCRIPTION
Entrance to Commercial Metals' corporate headquarters in Irving, Texas.
Entrance to Commercial Metals' corporate headquarters in Irving, Texas.

CMC is a global manufacturer, recycler, marketer and distributor of steel and metal products, related materials and services. CMC was incorporated in 1915 and is based in Irving, Texas.

DEAL STATS #
Overall 17 of 19
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 16 of 18
State (Tennessee) 1 of 1
Country (United States) 15 of 17
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Advanced Steel Recovery

Fontana, California, United States

Advanced Steel Recovery is a provider of recycled ferrous metals. ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. Advanced Steel Recovery is based in Fontana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 Tendon Systems

Suwanee, Georgia, United States

Tendon Systems is a provider of post-tensioning, barrier cable, and concrete restoration solutions. Tendon Systems is based in Suwanee, Georgia.

Buy -
Mergr

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