Kreher Steel Co. Acquires Ritchey Metals Company

Alro Steel Acquires Klein Steel Service

May 27, 2022

Industrial Services

Alro Steel has acquired Klein Steel Service, a Rochester-based metals supplier and processing center that operates six facilities in western and central New York. The acquisition expands Alro's Northeast footprint and adds Klein Steel's inventory, value-added processing and component manufacturing capabilities to Alro's distribution network. Heritage Capital Group served as exclusive financial advisor to Klein Steel; terms were not disclosed.

Ryerson Acquires Production Metals

August 2, 2024

Industrial Services

Ryerson Holding Corporation, a Chicago-based metals processor and distributor, has acquired Production Metals, LLC, a Monroe, Connecticut-based distributor of aluminum, stainless and specialty steels. The deal expands Ryerson's value-added metal offerings and precision cutting capabilities (sawing, lasering, water jet cutting) in the Northeastern United States and across Ryerson's service-center network.

Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co.

February 2, 2024

Industrial Services

Reliance Steel & Aluminum Co. has acquired all outstanding equity interests of Cooksey Iron & Metal Co., a metals service center headquartered in Tifton, Georgia. Cooksey (approximately $90 million in trailing annual net sales) will operate as a subsidiary of Metals USA, a wholly owned subsidiary of Reliance; terms were not disclosed.

Reliance Steel & Aluminum Co. Acquires American Alloy Steel, Inc.

February 14, 2024

Industrial Services

Reliance Steel & Aluminum Co. has entered into a definitive agreement to acquire all outstanding equity interests and related real estate assets of American Alloy Steel, Inc., a Houston-based distributor and fabricator of specialty carbon and alloy steel plate and round bar. The acquisition adds specialty plate and new fabrication/value-added processing capabilities to Reliance's portfolio; American Alloy reported approximately $310 million in sales for the 12 months ended Dec. 31, 2023.

Worthington Steel to Acquire Kloeckner & Co in $2.4 Billion Cash Deal

January 15, 2026

Industrial Services

Worthington Steel entered into a business combination agreement to acquire Germany-listed Kloeckner & Co via an all-cash voluntary tender offer at €11.00 per share. The deal is expected to create a larger, more diversified metals processing platform and make Worthington Steel the No. 2 steel service center company in North America by revenue.

Venture Metals+ Acquires Thalheimer Brothers and Mega Metals

January 13, 2025

Industrial Services

Venture Metals+, a portfolio company of Mill Rock Capital, has acquired Thalheimer Brothers LLC (Philadelphia, PA) and Mega Metals LLC (Phoenix, AZ). The add-on deal expands Venture Metals' non-ferrous and titanium recycling capabilities, increases processing capacity and extends the platform's geographic reach across the U.S. and Asia.