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Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.

PUBLIC · RSFeb 14, 2024

Acquiring Company

Reliance

Acquired Company

American Alloy Steel

ScottsdaleHoustonManufacturingMiningPrecious MetalsMineralOil And Gas

Description

Reliance Steel & Aluminum Co. has agreed to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. This strategic acquisition will increase Reliance’s value-added processing capabilities in the areas of burning, cutting, rolling, and beveling, and expand its product offerings. The transaction is subject to regulatory approval and is expected to close within the next 60 days.

Company Information

Company

Reliance

Location

Scottsdale, Arizona, United States

About

Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Established in 1939, Reliance provides a wide range of value-added metals processing services and distributes over 100,000 metal products to more than 125,000 customers across various industries through a vast network of locations.

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Frequently asked

Who acquired American Alloy Steel?

American Alloy Steel was acquired by Reliance, based in Scottsdale. The deal was reported on February 14, 2024. Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Reliance is publicly traded (RS) and operates in Manufacturing.

When did Reliance acquire American Alloy Steel?

Reliance's acquisition of American Alloy Steel was reported on February 14, 2024. Reliance Steel & Aluminum Co. has agreed to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does American Alloy Steel do?

American Alloy Steel, Inc. is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. It is privately held, operating in Oil And Gas, and is based in Houston.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.