M&A Deal Summary

Reliance Acquires Cooksey

On February 2, 2024, Reliance acquired metals/mining company Cooksey

Acquisition Highlights
  • This is Reliance’s 13th transaction in the Metals/Mining sector.
  • This is Reliance’s 20th transaction in the United States.
  • This is Reliance’s 3rd transaction in Georgia.

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

Target

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.

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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 22 of 25
Sector (Metals/Mining) 13 of 16
Type (Add-on Acquisition) 21 of 23
State (Georgia) 3 of 3
Country (United States) 20 of 23
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Merfish Pipe & Supply

Ipswich, Massachusetts, United States

Merfish Pipe & Supply is a master distributor of carbon steel pipes, copper tubing, plastic pipe, electrical conduit and related products that are distributed to its independent wholesale distributor customers across a variety of end markets. Merfish Pipe & Supply is based in Ipswich, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 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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