Cleveland-Cliffs Acquires Stelco Holdings Inc.

Canada Cartage Acquires Stalco Inc.

January 11, 2021

Logistics & Distribution

Canada Cartage has acquired Stalco Inc., a Toronto-based third-party logistics provider specializing in e-commerce fulfillment, inventory management, and cross-border shipping. Stalco will operate under its existing brand and be integrated with Canada Cartage’s fulfillment and distribution division (CCLS), with existing staff and management remaining in place.

Nippon Steel Acquires U. S. Steel

June 18, 2025

Manufacturing

Nippon Steel Corporation, together with its wholly owned subsidiary Nippon Steel North America, completed the all-cash acquisition of United States Steel Corporation for $55 per share (approximately $14.1bn equity; $14.9bn enterprise value). The transaction preserves U. S. Steel's headquarters and name in Pittsburgh, includes a national security agreement (golden share) with the U.S. government, and commits roughly $11bn of new investment in U. S. Steel through 2028.

Mill Steel Co. Acquires Cleveland Metal Exchange and Chicago Stainless Metal Exchange

January 17, 2023

Industrial Services

Mill Steel Co. has acquired Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange to expand into the stainless steel and aluminum flat-rolled markets. The acquisitions bring CME's experienced team into Mill Steel and enable immediate supply and processing support for manufacturing, automotive, and construction customers across the U.S.; transaction financial terms were not disclosed.

Stellex Capital Management Acquires Fox Brothers Holdings Group

September 20, 2024

Industrial Services

An affiliate of Stellex Capital Management has acquired a majority stake in UK-based Fox Brothers Holdings Group, a family-run integrated services and construction materials provider. The deal will merge Fox Brothers with J A Jackson, retain Paul Fox as CEO, bring industry veterans Mark Joel and Andy Swinnerton into senior roles, and aims to expand and vertically integrate the business into a circular-economy construction materials platform.

Stellex Capital Management Acquires Industrial Construction Services Holding (ICS)

January 15, 2025

Industrial Services

Stellex Capital Management, a New York-based middle-market private equity firm, has completed the acquisition of Industrial Construction Services Holding (ICS), a provider of mission-critical electrical and instrumentation services. Stellex plans to partner with ICS management to invest in organic growth and pursue strategic add-on acquisitions to expand the company’s service capabilities and geographic footprint across the United States.

Olympic Steel Acquires Shaw Stainless & Alloy

October 1, 2021

Manufacturing

Olympic Steel Inc. has acquired the assets of Shaw Stainless & Alloy in an all-cash, immediately accretive transaction; terms were not disclosed. The acquisition brings Shaw's stainless steel distribution, fabrication, architectural and barrier defense businesses into Olympic Steel's specialty metals segment while retaining Shaw's management and operations in Georgia.