ArcelorMittal Acquires John Lawrie Metals Ltd

Center Rock Capital Partners Acquires John Lawrie Tubulars from Rubicon Partners

November 1, 2022

Industrial Services

Center Rock Capital Partners, together with John Lawrie management led by CEO Vic Sinclair, acquired John Lawrie Tubulars from Rubicon Partners. The transaction establishes John Lawrie as Center Rock’s platform investment (Fund II) to support organic growth, US yard expansion and entry into adjacent markets.

Recycling Lives Acquires John R. Adam and Sons Ltd

July 13, 2022

Environmental Services

Recycling Lives, a portfolio company backed by Three Hills Capital Partners, has acquired Glasgow-based metal recycler John R. Adam and Sons Ltd. The bolt-on expands Recycling Lives’ UK footprint to 23 locations, enhances export capability via JRA&S’s deep-water berth and 600 tpd processing capacity, and supports planned investment to increase capacity and jobs as the Group targets c.£300m turnover and 550+ staff.

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.

Sims Metal Acquires Baltimore Scrap Corp

August 15, 2023

Environmental Services

Sims Metal, the metal recycling business of Sims Limited, has agreed to acquire the assets of Baltimore Scrap Corp and its affiliates for US$177 million plus working capital and other adjustments. The deal adds 17 facilities (including four shredders) across Maryland, Virginia, Pennsylvania, New York and New Jersey and ~600,000 tonnes per year of scrap volume, strengthening Sims' North American footprint; the transaction is expected to close in October 2023 subject to customary approvals.

Rio Tinto Acquires Arcadium Lithium plc

March 6, 2025

Manufacturing

Rio Tinto completed its acquisition of Arcadium Lithium plc on March 6, 2025, in a transaction valued at about $6.7 billion. The deal brings Arcadium's lithium chemicals production (including its Livent subsidiary) into Rio Tinto's portfolio to expand the company's battery-materials and downstream capabilities.

MC Machinery Systems Acquires Ferro Technique from Argyle Capital and Sharno Group

August 18, 2025

Industrial Services

MC Machinery Systems Inc. has acquired Ferro Technique Ltd., a Mississauga-based multi-line distributor of machine tools, from Argyle Capital Partners and investment partner Sharno Group. The transaction gives MC Machinery expanded distribution and service capabilities in eastern Canada (Ontario, Quebec and the Maritimes) and represents a strategic geographic and service-network expansion for the buyer.