Deal Snapshot
RUSSEL METALS TO ACQUIRE CITY PIPE AND SUPPLY
Thursday 22 August 2019

Canada-based metals distribution company Russel Metals Inc. has agreed to acquire all outstanding shares of Texas, US-based pipe, valve and fittings supplier City Pipe and Supply Corp. for USD 160m, the company said.
Russel Metals said City Pipe and Supply is both a strategic and cultural fit that affords the opportunity to further expand high-margin oilfield services business in the Permian basin. 


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Details
Date Published: 22/08/2019
Target: City Pipe and Supply Corp
Country: USA
Deal Size: 160m (USD)
Sector: Machinery/Engineering
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Russel Metals Inc
Comment:


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