M&A Deal Summary

Russel Metals Acquires DuBose Steel

On February 21, 2018, Russel Metals acquired metals/mining company DuBose Steel

Acquisition Highlights
  • This is Russel Metals’ 3rd transaction in the Metals/Mining sector.
  • This is Russel Metals’ 3rd transaction in the United States.
  • This is Russel Metals’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-02-21
Target DuBose Steel
Sector Metals/Mining
Buyer(s) Russel Metals
Deal Type Add-on Acquisition

Target

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.

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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 9 of 14
Sector (Metals/Mining) 3 of 6
Type (Add-on Acquisition) 9 of 13
State (North Carolina) 1 of 1
Country (United States) 3 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Fab South

Troy, Tennessee, United States

Fab South, Inc. is a metal processing and fabrication company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 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.

Buy $160M