M&A Deal Summary

Russel Metals Acquires City Pipe & Supply

On August 19, 2019, Russel Metals acquired distribution company City Pipe & Supply for 160M USD

Acquisition Highlights
  • This is Russel Metals’ 6th transaction in the Distribution sector.
  • This is Russel Metals’ 2nd largest (disclosed) transaction.
  • This is Russel Metals’ 4th transaction in the United States.
  • This is Russel Metals’ 1st transaction in Texas.

M&A Deal Summary
Date 2019-08-19
Target City Pipe & Supply
Sector Distribution
Buyer(s) Russel Metals
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

City Pipe & Supply

Odessa, Texas, United States
City Pipe & Supply Corp. is a supplier of pipe, valves, and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins which collectively represent approximately 60% of the active rigs in the United States. City Pipe & Supply operates five distribution centers located in Odessa, Big Spring, Weatherford and Longview, Texas and Hobbs, New Mexico.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Russel Metals

Mississauga, Ontario, Canada
Category Company
Founded 1929
Sector Distribution
Employees3,500
Revenue 4.5B CAD (2023)
DESCRIPTION

Russel Metals operates as a metals distribution company in North America. Russel Metals was founded in 1929 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 10 of 14
Sector (Distribution) 6 of 7
Type (Add-on Acquisition) 10 of 13
State (Texas) 1 of 1
Country (United States) 4 of 7
Year (2019) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-21 DuBose Steel

Roseboro, North Carolina, United States

DuBose Steel, Inc. is a full line structural steel service center operation with value-added processing capabilities serving customers along the east coast and south eastern United States from its facilities located in Roseboro and Fayetteville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Sanborn Tube Sales of Wisconsin

Pewaukee, Wisconsin, United States

Sanborn Tube Sales of Wisconsin, Inc. operates as a distributor, fabricator, and mill representative providing the best supply chain solutions. Sanborn is a metals service center with a heavy emphasis on value-added processing. Sanborn Tube Sales of Wisconsin was founded in 1957 and is based in Pewaukee, Wisconsin.

Buy -
Mergr

Product

Company

Legal