SteelSummit acquires Magic Steel Sales.

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Transaction Value-

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Capital Bid For-

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EV/EBITDA-

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One Off Charge-

target

Magic Steel Sales

bidder

Steelsummit Holdings

Sources

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Press Release

SteelSummit Holdings - 24 Jun 2019

Tags

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metal service centre

United States

Acquisition

Iron and Steel

Private

Friendly

Single Bidder

Synopsis

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SteelSummit Holdings, a leading national metals service center, and trading company acquires Magic Steel Sales, a leading steel service center company. Financial terms were not disclosed. "We are very excited to welcome the Magic Steel employees to the SteelSummit family," Todd Rollins, SteelSummit CEO.