M&A Deal Summary

Russel Metals Acquires Sanborn Tube Sales of Wisconsin

On December 22, 2020, Russel Metals acquired distribution company Sanborn Tube Sales of Wisconsin

Acquisition Highlights
  • This is Russel Metals’ 7th transaction in the Distribution sector.
  • This is Russel Metals’ 5th transaction in the United States.
  • This is Russel Metals’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2020-12-22
Target Sanborn Tube Sales of Wisconsin
Sector Distribution
Buyer(s) Russel Metals
Deal Type Add-on Acquisition

Target

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.

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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 11 of 14
Sector (Distribution) 7 of 7
Type (Add-on Acquisition) 11 of 13
State (Wisconsin) 1 of 1
Country (United States) 5 of 7
Year (2020) 1 of 1
PREVIOUS 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
FOLLOWING 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
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