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Flack Global Metals completes acquisition of majority ownership stake in Pacesetter Steel Service

Oct 02, 2024•about 1 year ago

Acquiring Company

Flack Global Metals

Acquired Company

Pacesetter Steel Service

ScottsdaleKennesawMiningManufacturingPrecious Metals

Description

Flack Global Metals (FGM) has completed the acquisition of a majority ownership stake in Pacesetter Steel Service. The transaction represents a strategic move as a part of extensive succession planning process undertaken by Pacesetter, with the aim of growing the Pacesetter platform while keeping it as a stand-alone vertical within the FGM platform.

Company Information

Company

Flack Global Metals

Location

Scottsdale, Arizona, United States

About

Flack Global Metals (FGM), founded in 2010, is a unified industrial platform combining distribution, risk management, and investment to bring stability and optionality to the flat-rolled steel and aluminum supply chain. Ranked as the 28th largest steel distributor in the United States, FGM operates through Flack Global Metals Distribution (FGMD)—which includes Pacesetter Steel Service and Flack Metal Supply—along with Flack Capital Markets and Flack Manufacturing Investments, integrating physical supply with financial strategy to reduce volatility, enhance performance, and create long-term enterprise value.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed