M&A Deal Summary |
|
|---|---|
| Date | 2008-06-17 |
| Target | PNA Group |
| Sector | Metals/Mining |
| Buyer(s) | Reliance |
| Sellers(s) | Platinum Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
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| Category | Company |
|---|---|
| Founded | 1939 |
| Sector | Metals/Mining |
| Employees | 15,000 |
| Revenue | 14.8B USD (2023) |
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 | 6 of 25 |
| Sector (Metals/Mining) | 4 of 16 |
| Type (Add-on Acquisition) | 6 of 23 |
| State (Georgia) | 2 of 3 |
| Country (United States) | 6 of 23 |
| Year (2008) | 3 of 3 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-01 |
Dynamic Metals International
Bristol, Connecticut, United States Dynamic Metals International, LLC distributes steel and alloy materials. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-10-01 |
Diamond Consolidated Industries
Wyoming, Pennsylvania, United States Diamond Consolidated Industries, Inc. consists of Diamond Manufacturing, a company that specializes in the manufacture and sale of specialty engineered perforated materials; Perforated Metals Plus, a distributor of perforated metals located in Charlotte, North Carolina; and Dependable Punch Corporation, a manufacturer of custom punches for tools and dies also located in Wyoming, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 48.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 78 |
| Sector (Metals/Mining) | 1 of 3 |
| Type (Add-on Acquisition) | 4 of 39 |
| State (Georgia) | 1 of 5 |
| Country (United States) | 6 of 65 |
| Year (2008) | 2 of 2 |
| Size (of disclosed) | 6 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-09 |
American Racing
Cerritos, California, United States American Racing Equipment is a producer of lightweight, high performance aftermarket wheels under the American Racing brand (American Racing Vintage, American Racing Pro Series, American Racing Muscle) as well as related brand lines including Twenty Inches Strong, Motegi Racing, Motto, Riax Performance Alloys, and RO-JA Motorsports. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-02 |
Maxim Crane Works
Bridgeville, Pennsylvania, United States Maxim Crane Works is a coast-to-coast provider of comprehensive lifting services in the United States. Maxim Crane Works was founded in 1994 and is based in Bridgeville, Pennsylvania. |
Buy | - |
