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Majestic Steel Usa Acquires Merit Steel Usa

Aug 19, 2021•over 4 years ago

Acquiring Company

Majestic Steel USA

Acquired Company

Majestic Steel USA

Description

Majestic Steel USA, Inc. ("Majestic") announced today the acquisition of the business assets of Merit Steel USA, legally known as Merit Ends and Viking Processing Corporation. Merit Steel USA is a West Coast based steel service center headquartered in Pittsburg, CA with additional locations in Fontana, CA and Longview, WA.

Company Information

Company

Majestic Steel USA

About

Majestic Steel USA, founded in 1979 and headquartered in Cleveland, Ohio, is a privately held and family owned distributor and processor of flat-rolled steel. Majestic serves its customers in manufacturing, construction and distribution from its network of locations throughout North America. Majestic is a leader in the domestic steel industry with a vision of innovation. Majestic believes steel is critical to American industry and the economy, and continues to supply quality products and the best customer experience. For more information on Majestic, visit www.majesticsteel.com. For press inquiries, contact Kate Mitchell kmitchell@majesticsteel.com SOURCE Majestic Steel USA

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