Rio Tinto Completes Acquisitions of Stakes in Boyne Smelters (BSL) and New Zealand Aluminium Smelters (NZAS)

Russel Metals Acquires Tampa Bay Steel

December 4, 2024

Industrial Services

Russel Metals Inc. has closed its acquisition of Tampa Bay Steel, adding the Tampa-based steel distributor and processor to its Southern U.S. businesses. The purchase expands Russel Metals' regional presence and processing capabilities as it pursues growth in the southern U.S. market.

Lincoln Electric Acquires Remaining Interest in Alloy Steel

April 1, 2025

Manufacturing

Lincoln Electric Holdings, Inc. acquired the remaining 65% interest in Alloy Steel Australia (Int) Pty Ltd, bringing Alloy Steel into full ownership. Alloy Steel, a Perth-based manufacturer of proprietary wear plate solutions, engineering services and digital monitoring for the mining sector (primarily Asia Pacific), generates approximately USD 50 million in annual revenue and will be reported in Lincoln Electric’s International Welding segment.

Alcoa Acquires Alumina Limited in $2.2B All-Stock Deal

March 12, 2024

Manufacturing

Alcoa announced it will acquire Australia-based Alumina Limited in an all‑stock transaction valued at $2.2 billion, giving Alcoa full control of the AWAC joint venture. Under the scheme, Alumina shareholders will own roughly 31.6% of the combined company (Alcoa shareholders ~68.4%), a transaction Alcoa says strengthens its exposure to tier‑1 bauxite and alumina assets and increases vertical integration across the aluminum value chain.

Blackstone Acquires Crown Resorts

June 24, 2022

Restaurants & Hospitality

Blackstone has completed the acquisition of Crown Resorts Limited, acquiring three integrated resort and casino properties in Melbourne, Perth and Sydney in the firm's largest Asia Pacific transaction. Blackstone said it will work with Crown's management and employees to transform the properties into world-class entertainment destinations, improve compliance and governance, and support the Australian tourism recovery; Crown employs roughly 20,000 people.

Lifezone Metals Acquires BHP's 17% Stake in Kabanga Nickel Limited

July 18, 2025

Energy

Lifezone Metals has acquired BHP Billiton (UK) DDS Limited’s 17% equity stake in Kabanga Nickel Limited (KNL), giving Lifezone 100% ownership of KNL and full control of offtake from the Kabanga Nickel Project in northwestern Tanzania. The deal includes deferred and contingent cash payments (capped at $83 million, or $75 million if a RAP Trigger Event occurs) and terminates prior agreements with BHP as Lifezone advances the project toward a Final Investment Decision.

Dallas Opportunity Partners Acquires B&S Aircraft Alloys

September 11, 2025

Industrial Services

Dallas Opportunity Partners, a Texas-based family office, has acquired B&S Aircraft Alloys, a U.S.-based distributor of high-performance metal alloys serving aerospace, defense and energy customers. B&S will continue to operate under its existing name and management while Dallas Opportunity Partners modernizes its digital infrastructure and scales its sales footprint to meet growing domestic demand for certified, defense-ready materials.