M&A Deal Summary

Russel Metals Acquires Samuel - Western Canadian and U.S. carbon plate Service Center operations

On December 4, 2023, Russel Metals acquired metals/mining company Samuel - Western Canadian and U.S. carbon plate Service Center operations from Samuel Son for 225M USD

Acquisition Highlights
  • This is Russel Metals’ 5th transaction in the Metals/Mining sector.
  • This is Russel Metals’ largest (disclosed) transaction.
  • This is Russel Metals’ 7th transaction in Canada.
  • This is Russel Metals’ 1st transaction in Ontario.

M&A Deal Summary
Date 2023-12-04
Target Samuel - Western Canadian and U.S. carbon plate Service Center operations
Sector Metals/Mining
Buyer(s) Russel Metals
Sellers(s) Samuel Son
Deal Type Divestiture
Deal Value 225M USD

Target

Samuel - Western Canadian and U.S. carbon plate Service Center operations

Mississauga, Ontario, Canada
Samuel's Western Canadian and U.S. carbon plate Service Center operations provide metals, and industrial products. Samuel's Western Canadian and U.S. carbon plate Service Center operations are based in Mississauga, Ontario.

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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 13 of 14
Sector (Metals/Mining) 5 of 6
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 7 of 7
Year (2023) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 Boyd Metals

Fort Smith, Arkansas, United States

Boyd Metals is a full-line steel service center that operates five service centers in Fort Smith (Arkansas), Little Rock (Arkansas), Joplin (Missouri), Oklahoma City (Oklahoma), and Tyler (Texas). Boyd's product mix primarily comprises carbon steel products and includes stainless steel, aluminum, and other related industrial products. Boyd also offers value-added processing services. Boyd Metals was founded in 1991 and is based in Fort Smith, Arkansas.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Tampa Bay Steel

Tampa, Florida, United States

Tampa Bay Steel is a major steel distribution and metal processing source, stocking a vast inventory of all sizes, types and grades of metals. The Company specialize in meeting your particular needs by using technologically advanced machinery, large capacity and experienced staff. Tampa Bay Steel was founded in 1980 and is based in Tampa, Florida.

Buy $80M

Seller(S) 1

SELLER

Samuel Son

Mississauga,, Ontario, Canada
Category Company
Founded 1855
Sector Metals/Mining
DESCRIPTION

Samuel, Son & Co., Ltd. is a processor and distributor of carbon steel, stainless steel, and aluminum in North America.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 Sierra Aluminum

Riverside, California, United States

Sierra Aluminum Co. is a provider of an aluminum extrusions and related products and services to customers in a number of end markets, including construction and transportation. Sierra Aluminum was founded in 1986 and is based in Riverside, California.

Buy -
Mergr

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