Sims Metal Acquires Northeast Metal Traders

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.

Closed Loop Partners-Led Consortium Acquires Majority Stake in Sims Municipal Recycling

March 2, 2022

Environmental Services

A fund managed by Closed Loop Partners led a consortium of investors, including the Partnership Fund for New York City and several strategic corporate investors, to acquire a majority stake in Sims Municipal Recycling (SMR). The investment will modernize and expand SMR's circular-economy infrastructure across the New York–New Jersey metro area and Florida, accelerate recovery of recyclable commodities, and support geographic and capability expansion of SMR's operations.

Venture Metals+ Acquires Thalheimer Brothers and Mega Metals

January 13, 2025

Industrial Services

Venture Metals+, a portfolio company of Mill Rock Capital, has acquired Thalheimer Brothers LLC (Philadelphia, PA) and Mega Metals LLC (Phoenix, AZ). The add-on deal expands Venture Metals' non-ferrous and titanium recycling capabilities, increases processing capacity and extends the platform's geographic reach across the U.S. and Asia.

Norfolk Iron & Metal Acquires Straub Metal International

January 6, 2025

Industrial Services

Norfolk Iron & Metal (NIM), a family-owned steel service center based in Norfolk, Nebraska, has acquired Straub Metal International, a family-run distributor of Type 409 stainless steel based in Ashley, Pennsylvania. The acquisition expands NIM's stainless steel sheet and coil product lines and brings Straub Metal's inventory and expertise into NIM's national service center network.

Motion & Control Enterprises Acquires North East Technical Sales

December 2, 2024

Industrial Services

Motion & Control Enterprises (MCE), a Frontenac-backed supplier of fluid power, automation and flow control solutions, has acquired North East Technical Sales, Inc. (NETS), a Harleysville, Pennsylvania-based distributor of instrumentation and control products. NETS will continue operating under its name with existing leadership, and the acquisition expands MCE's flow control footprint and service capabilities across the Mid-Atlantic.

Miata Metals Acquires 79North Inc.

August 6, 2024

Energy

Miata Metals Corp. entered a definitive agreement to acquire 100% of 79North Inc. in an all-share, three‑cornered amalgamation whereby Miata will issue 9,000,000 common shares to 79North shareholders. The acquisition adds two prospective gold projects (Sela Creek and Nassau) in Suriname to Miata’s portfolio and is intended to geographically expand Miata’s exploration footprint and asset base.