M&A Deal Summary

Jade Steel Group Acquires Precision Kidd Steel

On July 30, 2024, Jade Steel Group acquired metals/mining company Precision Kidd Steel from V&A Capital

Acquisition Highlights
  • This is Jade Steel Group’s 1st transaction in the Metals/Mining sector.
  • This is Jade Steel Group’s 1st transaction in the United States.
  • This is Jade Steel Group’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-07-30
Target Precision Kidd Steel
Sector Metals/Mining
Buyer(s) Jade Steel Group
Sellers(s) V&A Capital
Deal Type Add-on Acquisition

Target

Precision Kidd Steel

Aliquippa, Pennsylvania, United States
Precision Kidd Steel is an independent manufacturer of drill rod tool steel in the U.S. and processes approximately 30 million pounds of steel-based products annually, supplies its broad range of products to a wide and diversified customer base operating in different markets, including automotive, oil & gas, hand and power tools, power generation, machinery, textile and aerospace. Precision Kidd Steel was founded in 1885 and is based in Aliquippa, Pennsylvania.

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Buyer(S) 1

Buyer

Jade Steel Group

Bedford Heights, Ohio, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Jade Steel Group focuses on delivering complete supply chain solutions from wire rods, hot rolls, and cold-finished steel bars to fully finished precision-machined parts. Jade Steel Group is based in Bedford Heights, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

V&A Capital is a private equity firm focused on acquiring lower middle-market companies with at least $10 million of revenue and valued up to $75 million. Sectors of interest include manufacturing, industrials, consumer goods, packaging, business services, and transportation. Prospective transaction types include founder-owned company acquisitions, family successions, traditional buyouts, and divestitures. V&A Capital is headquartered in New York City.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Federal Steel Supply

Chesterfield, Missouri, United States

Federal Steel Supply is a distributor of industrial products including pipes, fittings, flanges, and valves. Federal Steel Supply was founded in 1979 and is based in Chesterfield, Missouri.

Sell -