M&A Deal Summary

SA Recycling Acquires PSC Metals INC.

On October 29, 2021, SA Recycling acquired environmental company PSC Metals INC. from Icahn Enterprises for 290M USD

Acquisition Highlights
  • This is SA Recycling’s 3rd transaction in the Environmental sector.
  • This is SA Recycling’s largest (disclosed) transaction.
  • This is SA Recycling’s 3rd transaction in the United States.
  • This is SA Recycling’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-10-29
Target PSC Metals INC.
Sector Environmental
Buyer(s) SA Recycling
Sellers(s) Icahn Enterprises
Deal Type Divestiture
Deal Value 290M USD

Target

PSC Metals INC.

Mayfield Heights, Ohio, United States
PSC Metals is a scrap metal processor that provides services to both generators and consumers of scrap in North America. Situated on-site at steel mills, at industrial scrap generators, and at our strategically located recycling yards, our scrap management programs ensure a level of service far beyond expected industry standards. PSC Metals has locations across North America including Ohio, Pennsylvania, Indiana, Illinois, Missouri, Kentucky, Tennessee, Georgia, and Alabama.

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Buyer(S) 1

Buyer

SA Recycling

Orange,, California, United States
Category Company
Founded 1973
Sector Environmental
DESCRIPTION

SA Recycling is a full-service ferrous and non-ferrous metal recycler and processor. Company operate 50 recycling facilities conveniently located throughout California, Texas, Arizona and Nevada.

DEAL STATS #
Overall 3 of 3
Sector (Environmental) 3 of 3
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Sims Metal - Arizona Scrap Metal Recycling Assets

Arizona, United States

Sims Metal - Arizona Scrap Metal Recycling Assets comprises two scrap metal recycling facilities.

Buy $35M

Seller(S) 1

SELLER

Icahn Enterprises

Sunny Isles Beach, New York, United States
Category Company
Founded 1987
Sector Diversified
Employees15,038
Revenue 11.8B USD (2023)
DESCRIPTION

Icahn Enterprises is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. Icahn Enterprises was founded in 1987 and is based in Sunny Isles Beach, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Environmental) 1 of 1
Type (Divestiture) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Federal-Mogul Holdings

Southfield, Michigan, United States

Federal-Mogul Holdings Corp. is an innovative and diversified global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Holdings Corp. was originally established in 1899 and is based in Southfield, Michigan.

Sell $800M
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