M&A Deal Summary

DRA Acquires Met-Chem Canada

On March 7, 2016, DRA acquired engineering company Met-Chem Canada from U. S. Steel

Acquisition Highlights
  • This is DRA’s 3rd transaction in the Engineering sector.
  • This is DRA’s 1st transaction in Canada.
  • This is DRA’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-03-07
Target Met-Chem Canada
Sector Engineering
Buyer(s) DRA
Sellers(s) U. S. Steel
Deal Type Divestiture

Target

Met-Chem Canada

Montreal, Quebec, Canada
Met-Chem Canada, Inc. is a consulting engineering company, headquartered in Montreal, and provides a wide range of technical and engineering services. Met-Chem is well-recognized for its capabilities in mining, geology and mineral processing and has a talented team of engineering, technical and project management personnel with experience in North America, Latin America, Europe, Africa and India.

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Buyer(S) 1

Buyer

DRA

Perth, Australia
Category Company
Founded 1984
Sector Engineering
Employees4,200
Revenue 893M AUD (2023)
DESCRIPTION

DRA is a global multi-disciplinary engineering, project delivery and operations management group focused on the mining, minerals and metals industry, with a track record spanning more than three decades. DRA was founded in 1984 and is based in Perth, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Engineering) 3 of 3
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 RLH Consulting Engineers

Cape Town, South Africa

RLH is a South African-based engineering consulting firm specialising in the planning and design of coastal infrastructure, marine terminals and port infrastructure projects across the globe. They provide world-class services on EPCM contracts, from pre-feasibility planning and assessment through design, project management and construction supervision. Their specialist expertise in marine environmental analysis plays a major role in the initial planning and evaluation of marine infrastructure projects.

Buy -

Seller(S) 1

SELLER

U. S. Steel

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1901
Sector Metals/Mining
Employees23,350
Revenue 21.1B USD (2022)
DESCRIPTION

U. S. Steel is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 27 million net tons. The company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. U. S. Steel was founded in 1901 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 3 of 4
Sector (Engineering) 1 of 1
Type (Divestiture) 2 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Fintube

Tulsa, Oklahoma, United States

Fintube LLC is a producer of advanced products that increase the operational efficiencies of boilers, heat exchangers and related products. Fintube was founded in 1962 and is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Stelco

Hamilton, Ontario, Canada

Stelco is a steel company fully integrated, industry major facilities are among the safest, environmentally progressive, and productive steel plants in the world. Powered by Canadian craftsmanship, Stelco's operations in Hamilton and Nanticoke reflect the strength of each community. Together with employing more than 2,200 people, these fully integrated, industry-leading facilities are among the safest, environmentally progressive, and productive steel plants in the world. Hamilton Works is located on the shore of Lake Ontario in Hamilton, Ontario. Lake Erie Works is located in Nanticoke, Ontario, on the shores of Lake Erie. Stelco produces high-quality steel that is used primarily in the North American automotive, construction, infrastructure, appliance, manufacturing and pipe, and tube industries. Stelco was founded in 1910 and is based in Hamilton, Ontario.

Sell -
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