U. S. Steel - M&A Summary, Ownership, and Business Overview

Metals/miningCompany

U. S. Steel M&A Summary

U. S. Steel has acquired 6 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

U. S. Steel’s largest acquisition to date was in 2007, when it acquired Lone Star Technologies for $2.1B. U. S. Steel has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include metals/mining (50%) and business services (17%).

U. S. Steel Ownership

Who owns U. S. Steel?

U. S. Steel is owned by Nippon Steel. It was acquired on December 18, 2023.

U. S. Steel Business Overview

Where is U. S. Steel headquartered?

U. S. Steel is headquartered in Pittsburgh, Pennsylvania.

What is U. S. Steel’s revenue?

U. S. Steel disclosed revenue of 21,065M USD for 2022 and 20,275M USD for 2021.

How many employees does U. S. Steel have?

U. S. Steel has 23,350 employees.

What sector is U. S. Steel in?

U. S. Steel is a metals/mining company.

When was U. S. Steel founded?

U. S. Steel was founded in 1901.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity6
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

U. S. Steel

United States Steel Corp.

600 Grant Street,
Pittsburgh, Pennsylvania 15219
United States,
(412) 433-1121
www.ussteel.com

U. S. Steel is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 27 million net tons. The company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. U. S. Steel was founded in 1901 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - - - - 1 6
vol $3.8B $3.8B
Sell (0.0/yr) # 4 - - - - - 4
  10

Most Recent M&A

Company Date Value Type
Freespace Robotics 2024-03-11 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.freespacerobotics.com
Big River Steel LLC 2019-10-01 - Add-on Acquisition
Osceola, Arkansas · www.bigriversteel.com
Stelco Holdings, Inc. 2016-12-01 - Divestiture
Hamilton, Ontario · www.stelco.com
Met-Chem Canada, Inc. 2016-03-07 - Divestiture
Montreal, Quebec · www.met-chem.com
Fintube LLC 2010-09-01 - Divestiture
Tulsa, Oklahoma · www.fintubellc.com
Stelco Holdings, Inc. 2007-08-27 760M CAD Add-on Acquisition
Hamilton, Ontario · www.stelco.com
Lone Star Technologies, Inc. 2007-03-29 2.1B USD Add-on Acquisition
Dallas, Texas
National Steel Corporation 2003-01-09 950M USD Special Situations/Distressed
Mishawaka, Indiana · www.nationalsteel.com
Marathon Oil Corp. 2001-12-31 - Spin Off
Houston, Texas · www.marathonoil.com
Marathon Oil Corp. 1982-01-07 - Add-on Acquisition
Houston, Texas · www.marathonoil.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 3 (50%) 1.7B (45%) 1 (25%) -
Manufacturing 1 (17%) 2.1B (55%) 1 (25%) -
Oil/Gas Exploration 1 (17%) - 1 (25%) -
Business Services 1 (17%) - - -
Engineering - - 1 (25%) -
Total 6 $3.8B 4 -

By Geo

State/Country Buy Value Sell Value
United States 5 3.1B 2 -
  Texas 2 2.1B 1 -
  Indiana 1 950M - -
  Arkansas 1 - - -
  Pennsylvania 1 - - -
  Oklahoma - - 1 -
Canada 1 760M 2 -
  Ontario 1 760M 1 -
  Quebec - - 1 -
Domestic 5 (83%) 3.1B (80%) 2 (50%) -
Cross-border 1 (17%) 760M (20%) 2 (50%) -
Total 6 $3.8B 4 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Barclays Investment Bank
1
Legal Deals
Morgan Lewis
1

Deal Values

buy # Total
> $1B 1 $2.1B
$100M to $1B 2 $1.7B
TOTAL $3.8B
Largest Lone Star Technologies, Inc.
$2.1B (2007-03-29)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
17%
1 (17%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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