M&A Deal Summary

Worthington Enterprises Acquires The Sharon Companies

On June 2, 2008, Worthington Enterprises acquired metals/mining company The Sharon Companies from Alliance Holdings

Acquisition Highlights
  • This is Worthington Enterprises’ 2nd transaction in the Metals/Mining sector.
  • This is Worthington Enterprises’ 2nd transaction in the United States.
  • This is Worthington Enterprises’ 1st transaction in Ohio.

M&A Deal Summary
Date 2008-06-02
Target The Sharon Companies
Sector Metals/Mining
Buyer(s) Worthington Enterprises
Sellers(s) Alliance Holdings
Deal Type Add-on Acquisition

Target

The Sharon Companies

Akron, Ohio, United States
The Sharon Companies Ltd. designs and manufactures steel egress stair systems for commercial construction and services the steel fabricators market.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Worthington Enterprises

Columbus, Ohio, United States
Category Company
Founded 1955
Sector Metals/Mining
Employees4,000
Revenue 4.9B USD (2023)
DESCRIPTION
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.

Worthington Enterprises is a diversified metal processing company. Worthington is a value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems, and laser-welded blanks. Worthington Enterprises was founded in 1955 and is based in Columbus, Ohio.

DEAL STATS #
Overall 2 of 22
Sector (Metals/Mining) 2 of 5
Type (Add-on Acquisition) 2 of 15
State (Ohio) 1 of 5
Country (United States) 2 of 19
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-16 Precision Specialty Metals

Los Angeles, California, United States

Precision Specialty Metals, Inc. (PSM) is a processor of stainless steel located in Los Angeles, California.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Samuel Steel Pickling

Oakville, Ontario, Canada

Samuel Steel Pickling supports the automotive, fabrication, and appliance markets, offering a wide range of pickling services. Samuel Steel Pickling line operations offer pickling, in-line slitting, side trimming, and in-line roller leveling while our stand-alone slitter offers narrower slit product and packaging capabilities.

Buy -

Seller(S) 1

SELLER

Alliance Holdings

Investor Investor

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Alliance Holdings is an employee owned private equity firm focused on providing a variety of investment solutions for lower middle-market companies with $10 to $100 million in revenue. Alliance will consider equity, mezzanine, and additional finance solutions to support buyouts, recapitalizations, growth, and special situation needs. Sectors of interests include industrial, business services, consumer, specialty finance, natural resources, energy, oil/gas, healthcare, and chemicals. Alliance Holdings was formed in 1995 and is headquartered in Horsham, Pennsylvania.

DEAL STATS #
Overall 1 of 4
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Ohio) 1 of 1
Country (United States) 1 of 4
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 Spencer Turbine

Windsor, Connecticut, United States

Spencer Turbine is a manufacturer of air and gas handling equipment used in global industrial, municipal, commercial and institutional applications. Spencer Turbine was founded in 1892 and is based in Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-12 Spectral Response

Lawrenceville, Georgia, United States

Spectral Response, LLC provides electronic manufacturing services. The company offers program management, engineering.

Buy -
Mergr

Product

Company

Legal