M&A Deal Summary

Olympic Steel Acquires Metal Works

On November 11, 2024, Olympic Steel acquired manufacturer Metal Works

Acquisition Highlights
  • This is Olympic Steel’s 5th transaction in the Manufacturing sector.
  • This is Olympic Steel’s 9th transaction in the United States.
  • This is Olympic Steel’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2024-11-11
Target Metal Works
Sector Manufacturing
Buyer(s) Olympic Steel
Deal Type Add-on Acquisition

Target

Metal Works

Oakwood, Georgia, United States
Metal Works is a manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components - all made primarily from coated carbon steel and aluminum. Metal Works is based in Oakwood, Georgia.

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Buyer(S) 1

Buyer

Olympic Steel

Bedford Heights, Ohio, United States
Category Company
Founded 1954
Sector Metals/Mining
Employees1,626
Revenue 2.2B USD (2023)
DESCRIPTION

Olympic Steel is a U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company's CTI subsidiary is a distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Olympic Steel was founded in 1954 and is based in Bedford Heights, Ohio.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 8 of 8
State (Georgia) 2 of 2
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Central Tube & Bar

Conway, Arizona, United States

Central Tube & Bar is an original equipment manufacturers (OEMs) and fabricators across the Mid-South from three facilities in Conway, Arkansas, and Tulsa, Oklahoma, totaling 162,000 square feet of warehouse and production space. Central Tube & Bar was founded in 1996 and is based in Conway, Arizona.

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