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
Employees3,970
Revenue 4.3B CAD (2024)
DESCRIPTION

Russel Metals operates as a metals distribution company that supplies carbon steel, stainless steel, aluminum, and related industrial products to manufacturers, distributors, and energy sector clients. Russel Metals was founded in 1929 and is based in Mississauga, Ontario.


DEAL STATS #
Overall 9 of 14
Sector: Metals/Mining M&A 3 of 6
Type: Add-on Acquisition M&A Deals 9 of 13
State: North Carolina M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2018 M&A 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