SunCoke Energy Acquires Phoenix Global (Flame Aggregator, LLC) for $325 Million
August 1, 2025
SunCoke Energy, Inc. completed its previously announced acquisition of Phoenix Global for $325 million on August 1, 2025. SunCoke acquired all common units of Flame Aggregator, LLC (Phoenix Global), a privately held provider of mission-critical mill services to major steel producers. The deal expands SunCoke’s portfolio with electric arc furnace operations and adds international market exposure, with expected annual synergies of $5 million to $10 million (as previously guided).
- Buyers
- SunCoke Energy, Inc.
- Targets
- Phoenix Global (Flame Aggregator, LLC)
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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