M&A Deal Summary

Reliance Acquires American Alloy

On February 14, 2024, Reliance acquired metals/mining company American Alloy

Acquisition Highlights
  • This is Reliance’s 14th transaction in the Metals/Mining sector.
  • This is Reliance’s 21st transaction in the United States.
  • This is Reliance’s 5th transaction in Texas.

M&A Deal Summary
Date 2024-02-14
Target American Alloy
Sector Metals/Mining
Buyer(s) Reliance
Deal Type Add-on Acquisition

Target

American Alloy

Houston, Texas, United States
American Alloy is a distributor of specialty carbon and alloy steel plates and round bars, including pressure vessel quality (PVQ) material. The company operates five service centers in the U.S. and a plate fabrication business. It sells to customers located throughout the United States, Canada, and Mexico, as well as certain international markets, supporting military, infrastructure, power generation, utility, refining, petrochemical, mining, shipbuilding, and marine applications. American Alloy was formed in 1971 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Reliance

Scottsdale, Arizona, United States
Category Company
Founded 1939
Sector Metals/Mining
Employees15,000
Revenue 14.8B USD (2023)
DESCRIPTION

Reliance is a large metals service center company. Reliance's network of metals service centers operates more than 300 locations across the US and internationally. Through this network, Reliance provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance was founded in 1939 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 23 of 25
Sector (Metals/Mining) 14 of 16
Type (Add-on Acquisition) 22 of 23
State (Texas) 5 of 5
Country (United States) 21 of 23
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 Cooksey

Tifton, Georgia, United States

Cooksey is a metals service center that processes and distributes finished steel products, including tubing, beams, plates, and bars. It operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricultural equipment manufacturers, structural fabricators, machine shops, and others in Georgia, Florida, Alabama, and South Carolina. Cooksey was formed in 1917 and is based in Tifton, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 MidWest Materials

Perry, Ohio, United States

MidWest Materials is a premier flat-rolled steel service center for North American original equipment manufacturers. MidWest Materials was founded in 1952 and is based in Perry, Ohio.

Buy -
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