United States Steel Mergers and Acquisitions Summary

Metals/miningCompany

United States Steel has acquired 5 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

United States Steel’s largest acquisition to date was in 2007, when it acquired Lone Star Technologies for $2.1B. United States Steel has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include metals/mining (60%) and oil/gas exploration (20%).

Join Mergr and gain access to United States Steel’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the metals/mining sector.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity5
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 3

United States Steel

United States Steel Corp.

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

United States Steel headquartered in Pittsburgh, Pa., 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. United States Steel was founded in 1901 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $3.8B $3.8B
Sell (0.0/yr) # 4 - - - - - 4
  9

Most Recent M&A

Company Date Value Type
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 (60%) 1.7B (45%) 1 (25%) -
Manufacturing 1 (20%) 2.1B (55%) 1 (25%) -
Oil/Gas Exploration 1 (20%) - 1 (25%) -
Engineering - - 1 (25%) -
Total 5 $3.8B 4 -

By Geo

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

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
 1
Barclays Investment Bank
 1
Legal Deals
Morgan, Lewis & Bockius LLP
 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)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Metals/Mining

Revenue

21,065   4% 2022
20,275   109% 2021
9,741   25% 2020
12,937   9% 2019
14,178   16% 2018
12,250   20% 2017
10,261   12% 2016
11,574   34% 2015
17,507   1% 2014
17,424   10% 2013
19,328   2012
(millions of USD) Show More Show Less

Employees

23,350

Established

1901

Public

NYSE: X

Former Name

USX Corporation

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