M&A Deal Summary

CMC Acquires Tensar

On December 7, 2021, CMC acquired engineering company Tensar from Castle Harlan for 550M USD

Acquisition Highlights
  • This is CMC’s 1st transaction in the Engineering sector.
  • This is CMC’s largest (disclosed) transaction.
  • This is CMC’s 13th transaction in the United States.
  • This is CMC’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-12-07
Target Tensar
Sector Engineering
Buyer(s) CMC
Sellers(s) Castle Harlan
Deal Type Add-on Acquisition
Deal Value 550M USD

Target

Tensar

Alpharetta, Georgia, United States
Tensar is a global provider of innovative subgrade soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems. Geogrids are polymer-based products used for ground stabilization, soil reinforcement, and asphalt optimization in construction applications including roadways, public infrastructure, and industrial facilities. Tensar originated geogrid technology, which reduces aggregate consumption, thereby decreasing construction time, expense, and the project owner's cost of lifetime maintenance. The company also has a large portfolio of proprietary products. Tensar was formed in 1983 and is based in Alpharetta, 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 15 of 19
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 14 of 18
State (Georgia) 1 of 2
Country (United States) 13 of 17
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 AZZ - Galvabar Business

Catoosa, Oklahoma, United States

AZZ's Galvabar Business is galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability. GalvaBar can be fabricated without special equipment and gives control of product flow and customer service. GalvaBar utilizes the existing supply chains while providing superior customer service and availability.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 38 of 38
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 17 of 17
State (Georgia) 2 of 2
Country (United States) 30 of 30
Year (2021) 1 of 1
Size (of disclosed) 1 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Colyar Technology Solutions

Phoenix, Arizona, United States

Colyar Technology Solutions is a designer, developer and marketer of food distribution and compliance management software. Colyar Technology Solutions is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Baja Aqua Farms

Ensenada, Mexico

Baja Aqua Farms is a Mexico-based vertically integrated Bluefin tuna rancher. The Company produces a variety of tuna products under the most rigorous standards, that are sought out by top chefs and supermarket chains around the globe for its consistent quality and year-round availability. Baja Aqua Farms was founded in 2000 and is based in Ensenada, Mexico.

Buy -
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