M&A Deal Summary

Reliance Acquires Continental Alloys & Services

On August 3, 2011, Reliance acquired metals/mining company Continental Alloys & Services from EdgeStone Capital Partners for 415M USD

Acquisition Highlights
  • This is Reliance’s 6th transaction in the Metals/Mining sector.
  • This is Reliance’s 3rd largest (disclosed) transaction.
  • This is Reliance’s 9th transaction in the United States.
  • This is Reliance’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-08-03
Target Continental Alloys & Services
Sector Metals/Mining
Buyer(s) Reliance
Sellers(s) EdgeStone Capital Partners
Deal Type Add-on Acquisition
Deal Value 415M USD
Advisor(s) Evercore Group (Financial)

Target

Continental Alloys & Services

Spring, Texas, United States
Continental Alloys & Services Inc. is a materials management company focused on high-end steel and alloy pipe, tube and bar products and precision manufacturing of various tools designed for well completion programs of global energy service companies and has 12 locations in seven countries.

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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 9 of 25
Sector (Metals/Mining) 6 of 16
Type (Add-on Acquisition) 9 of 23
State (Texas) 1 of 5
Country (United States) 9 of 23
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Lampros Steel

Portland, Oregon, United States

Lampros Steel, Inc. is a distributor of carbon steel plate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 National Specialty Alloys

Houston, Texas, United States

Founded in 1985, NSA sources, processes and distributes high performance specialty alloys for domestic and international markets. Our products include premium stainless steel, high temperature and corrosion-resistant nickel alloy bars and shapes and are sourced from the finest specialty mills in the world.

Buy -

Seller(S) 1

SELLER

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.

DEAL STATS #
Overall 19 of 25
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 14 of 17
State (Texas) 1 of 1
Country (United States) 4 of 6
Year (2011) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Protus IP Solutions

Ottawa, Ontario, Canada

Protus provides the highest quality Software-as-a-Service (SaaS) communication services and solutions to the business market, including:

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 Work.com

Santa Monica, California, United States

Rypple builds social software that makes workplace feedback easy and fun. Its software is built around people, not processes.

Sell -
Mergr

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