Alloy Holdings Completes Acquisition of GSM Metals, Inc.

Scrap Management Industries Acquires Allmetal Recycling

December 31, 2025

Industrial Services

Scrap Management Industries, Inc. (SMI) acquired Allmetal Recycling, a Kansas-based scrap metal recycler founded in 2009. The deal expands SMI’s footprint across Kansas with Allmetal’s 10 locations and adds capacity that supports SMI’s operation of multiple shredders across yards in Missouri, Kansas, and Oklahoma.

Mill Steel Co. Acquires Maryland Metals Processing

November 4, 2024

Industrial Services

Mill Steel Co., a third-generation family-owned distributor of flat-rolled carbon steel, stainless steel and aluminum, has acquired Maryland Metals Processing (MMP), a Baltimore-based stainless and aluminum toll processor. Mill Steel said MMP will continue to operate independently with its name and associates while adding toll processing capacity and strengthening Mill Steel's national footprint and processing capabilities.

Ryerson Acquires Production Metals

August 2, 2024

Industrial Services

Ryerson Holding Corporation, a Chicago-based metals processor and distributor, has acquired Production Metals, LLC, a Monroe, Connecticut-based distributor of aluminum, stainless and specialty steels. The deal expands Ryerson's value-added metal offerings and precision cutting capabilities (sawing, lasering, water jet cutting) in the Northeastern United States and across Ryerson's service-center network.

Platinum Equity Acquires GSM Outdoors from Gridiron Capital

July 23, 2024

Consumer Products

Platinum Equity signed a definitive agreement to acquire GSM Outdoors (Good Sportsman Marketing) from Gridiron Capital, with the transaction completed on October 1, 2024. Headquartered in Irving, Texas, GSM Outdoors operates a portfolio of more than 50 outdoor brands and will continue to be led by CEO Eddie Castro; financial terms were not disclosed.

Reliance Steel & Aluminum Co. Acquires American Alloy Steel, Inc.

February 14, 2024

Industrial Services

Reliance Steel & Aluminum Co. has entered into a definitive agreement to acquire all outstanding equity interests and related real estate assets of American Alloy Steel, Inc., a Houston-based distributor and fabricator of specialty carbon and alloy steel plate and round bar. The acquisition adds specialty plate and new fabrication/value-added processing capabilities to Reliance's portfolio; American Alloy reported approximately $310 million in sales for the 12 months ended Dec. 31, 2023.

All Metals Industries Acquires Gerber Metal Supply Company

November 15, 2022

Industrial Services

All Metals Industries, a portfolio company of Salt Creek Capital, has acquired Gerber Metal Supply Company, a regional distributor and processor of carbon sheet steel products based in New Jersey. Brown Gibbons Lang & Company served as exclusive financial advisor to Gerber; the transaction facilitates founder succession and expands AMI's geographic coverage and service capabilities in the Northeastern United States.