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  6. Russel Metals Acquires Tampa Bay Steel

M&A Deal Summary

Russel Metals Acquires Tampa Bay Steel

On November 12, 2024, Russel Metals acquired metals/mining company Tampa Bay Steel for 80M USD

Acquisition Highlights
  • This is Russel Metals’ 6th transaction in the Metals/Mining sector.
  • This is Russel Metals’ 4th largest (disclosed) transaction.
  • This is Russel Metals’ 7th transaction in the United States.
  • This is Russel Metals’ 1st transaction in Florida.

M&A Deal Summary
Date 2024-11-12
Target Tampa Bay Steel
Sector Metals/Mining
Buyer(s) Russel Metals
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

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.

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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 14 of 14
Sector: Metals/Mining M&A 6 of 6
Type: Add-on Acquisition M&A Deals 13 of 13
State: Florida M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2024 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 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.

Buy $225M
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