M&A Deal Summary

CMC Acquires Tendon Systems

On March 20, 2023, CMC acquired construction company Tendon Systems

Acquisition Highlights
  • This is CMC’s 1st transaction in the Construction sector.
  • This is CMC’s 16th transaction in the United States.
  • This is CMC’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2023-03-20
Target Tendon Systems
Sector Construction
Buyer(s) CMC
Deal Type Add-on Acquisition

Target

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.

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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 18 of 19
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 17 of 18
State (Georgia) 2 of 2
Country (United States) 16 of 17
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Edsco Fasteners

Denton, Texas, United States

Edsco Fasteners is a manufacturer and distributor of anchor bolt cages for an infrastructure installations. EDSCO’s product offering includes anchor cages, 18J rebar bolts, smooth bar bolts, bolt hardware, plates, and other fabricated products. Edsco Fasteners was founded in 1985 and is based in Denton, Texas.

Buy -
Mergr

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