M&A Deal Summary

Nucor Acquires Grossman Iron and Steel

On October 1, 2021, Nucor acquired environmental company Grossman Iron and Steel

Acquisition Highlights
  • This is Nucor’s 3rd transaction in the Environmental sector.
  • This is Nucor’s 25th transaction in the United States.
  • This is Nucor’s 2nd transaction in Missouri.

M&A Deal Summary

Date 2021-10-01
Target Grossman Iron and Steel
Sector Environmental
Buyer(s) Nucor
Deal Type Add-on Acquisition
Advisor(s) BGL Capital (Financial)

Target

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.

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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 28 of 35
Sector (Environmental) 3 of 3
Type (Add-on Acquisition) 20 of 26
State (Missouri) 2 of 2
Country (United States) 25 of 32
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Garden Street

Cincinnati, Ohio, United States

Garden Street operates three full-service ferrous and nonferrous scrap metal recycling facilities, including an automobile shredder and a self-serve used auto parts store in Southwest Florida. Garden Street was founded in 1989 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 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.

Buy $75M