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New Deal


Announced

Completed

Reliance Steel & Aluminum completed the acquisition of Southern Steel Supply.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

metals service center

Private

metal supplier

steel manufacturer

United States

Iron and Steel

Single Bidder

Majority

Friendly

Domestic

Completed

stainless steel

Synopsis

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Reliance Steel & Aluminum, a diversified metal solutions provider, completed the acquisition of Southern Steel Supply, a metals service center that offers merchant and structural steel, pipe and tube, steel plate, ornamental products and laser cut and fabricated parts. Financial terms were not disclosed. “Southern Steel’s reputation for on-time delivery and superior customer service aligns well with our business model and disciplined methodology of acquiring high quality companies with strong management teams that expand Reliance’s geographic footprint and value-added processing capabilities,” Karla Lewis, Reliance President and CEO.

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