M&A Deal Summary

The Sterling Group Acquires Merchants Metals

On March 1, 2021, private equity firm The Sterling Group acquired building materials company Merchants Metals from Atlas Holdings

Acquisition Highlights
  • This is The Sterling Group’s 6th transaction in the Building Materials sector.
  • This is The Sterling Group’s 41st transaction in the United States.
  • This is The Sterling Group’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2021-03-01
Target Merchants Metals
Sector Building Materials
Buyer(s) The Sterling Group
Sellers(s) Atlas Holdings
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
King & Spalding (Legal)

Target

Merchants Metals

Atlanta, Georgia, United States
Merchants Metals manufactures chain link and ornamental steel fences and fittings at five manufacturing facilities in Houston, Texas; Statesville, North Carolina; Harrison, Arkansas; New Paris, Indiana; and Mexicali, CP, Mexico.

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Buyer(S) 1

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.

DEAL STATS #
Overall 44 of 49
Sector (Building Materials) 6 of 6
Type (Secondary Buyout) 11 of 14
State (Georgia) 2 of 2
Country (United States) 41 of 46
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Fencing Supply Group

Texas, United States

Fencing Supply Group is a platform focused on building a group of industry-leading, independent fencing distributors. FSG businesses serve professional fencing contractors who provide new, improvement, and repair fencing services across residential, industrial, commercial, and infrastructure end markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 L&S Mechanical

Richardson, Texas, United States

L&S Mechanical is a provider of new home construction services in the plumbing and electrical industries. L&S Mechanical serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses. L&S Mechanical was founded in 1985 and is based in Richardson, Texas.

Buy -

Seller(S) 1

SELLER

Atlas Holdings

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 8 of 12
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Georgia) 2 of 3
Country (United States) 7 of 11
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 LSC Communications

Warrenville, Illinois, United States

LSC Communications is a provider of digital print, print-related services, and office products that serves the needs of publishers, merchandisers, and retailers. The Company’s service offering includes e-services, warehousing and fulfillment, and supply chain management. LSC utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to customers, and improve efficiencies. LSC Communications is based in Warrenville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Banker Steel

Lynchburg, Virginia, United States

Headquartered in Lynchburg, Virginia with additional fabrication locations in New Jersey and Florida, Banker Steel provides fabricated structural steel for the entire east coast construction market and nationwide steel erection services for iconic projects such as One Vanderbilt, the Jacob K. Javits Convention Center Expansion and J.P. Morgan’s headquarters, all in New York City, the award-winning Washington Nationals Park in Washington, D.C. and the Barclays Center in Brooklyn, New York.

Sell -
Mergr

Product

Company

Legal