Tracked deals
5
5 tracked deals across 2021-2026.
Worthington, Ohio, United States
Formerly known as Worthington Enterprises, Worthington Enterprises Inc., Worthington Enterprises, Inc.
Worthington Industries is a public company that completed the separation of its Steel Processing business, resulting in two distinct companies: Worthington Enterprises and Worthington Steel.
Tracked deals
5
5 tracked deals across 2021-2026.
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
4 buyout · 1 divestiture
Last 4 years
Supporting Data
BellMark Partners advised LSI Group in its acquisition by Worthington Enterprises Inc. LSI, a manufacturer of standing seam metal roof clips, roof accessories, and retrofit systems, is headquartered in Logansport, Indiana and employs 141 people.
Worthington Enterprises (NYSE: WOR) has acquired Elgen Manufacturing Company, a Closter, New Jersey-based maker of HVAC ductwork components, from private equity owner MFG Partners. The acquisition expands Worthington Enterprises’ building systems and components portfolio and is intended to accelerate Elgen’s ability to serve customers and support growth initiatives launched under MFG’s ownership.
Worthington Enterprises has acquired an 80% ownership stake in an affiliate of HALO Products Group, adding HALO-branded pizza ovens, pellet grills, griddles and accessories to its consumer/outdoor-living portfolio. HALO is based in Elizabethtown, Kentucky, employs about 25 people and generated approximately $7 million in revenue in 2023; the deal is intended to expand Worthington's presence in the outdoor living segment and leverage its ecommerce, marketing and retail relationships to grow the HALO brand.
Worthington Industries has acquired Tempel Steel Company for approximately $255 million, adding Tempel's headquarters in Chicago and five manufacturing facilities in Canada, China, India and Mexico. The acquisition, funded primarily with existing cash, brings about 1,500 employees and expands Worthington's capabilities in electrical steel laminations for transformers, motors and EV applications.
Worthington Industries, Inc. acquired GTI Holding Company, the parent of General Tools & Instruments, LLC, from High Road Capital Partners for $115 million. The sale, which closed on January 29, 2021, adds General Tools' hand-held and garden tool brands (including General, PacTool, Garden Weasel and Hawkeye) to Worthington's consumer products portfolio; High Road completed the investment in 2014 and substantially grew the business during its ownership.
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