M&A Deal Summary

Nucor Acquires Elite Storage Solutions

On April 5, 2022, Nucor acquired metals/mining company Elite Storage Solutions for 75M USD

Acquisition Highlights
  • This is Nucor’s 19th transaction in the Metals/Mining sector.
  • This is Nucor’s 18th largest (disclosed) transaction.
  • This is Nucor’s 26th transaction in the United States.
  • This is Nucor’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2022-04-05
Target Elite Storage Solutions
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Elite Storage Solutions

Monroe, Georgia, United States
Elite Storage Solutions is a steel racking manufacturer that offers a full range of services from design to installation of storage solutions for many industries and materials. Elite Storage Solutions manufacture pallet racks in-house to ensure superior quality and complete customer satisfaction. Elite Storage Solutions is based in Monroe, Georgia.

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Buyer(S) 1

Buyer

Nucor

Charlotte, North Carolina, United States
Category Company
Founded 1905
Sector Metals/Mining
Employees32,000
Revenue 34.7B USD (2023)
DESCRIPTION
Nucor's corporate headquarters in Charlotte, North Carolina.
Nucor's corporate headquarters in Charlotte, North Carolina.

Nucor is a North American manufacturer of steel products. Products produced include carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor was formed in 1905 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 29 of 35
Sector (Metals/Mining) 19 of 22
Type (Add-on Acquisition) 21 of 26
State (Georgia) 3 of 3
Country (United States) 26 of 32
Year (2022) 1 of 5
Size (of disclosed) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Grossman Iron and Steel

St. Louis, Missouri, United States

Grossman Iron and Steel operates a full-service ferrous and nonferrous scrap metal recycling facility, which includes an automobile shredder and a metal recovery facility. Grossman Iron and Steel was founded in 1920 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 NuScale Power

Portland, Oregon, United States

NuScale Power is a nuclear plant, a smaller, scalable version of pressurized water reactor technology, designed with natural safety features. NuScale Power was founded in 2007 and is based in Portland, Oregon.

Buy -
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