Ryerson Inc., which is backed by Platinum Equity, has acquired Singer Steel Co. Financial terms were not announced. Cleveland-based Singer Steel Co. is a steel service center providing processed steel sheet and plate to the industrial equipment, fabrication and agriculture markets. News of the deal was announced by Stout Risius Ross, which advised Singer Steel.
Stout Risius Ross (SRR) announced today that its client, Singer
Steel Company (Singer) has been acquired by Ryerson, Inc. (Ryerson). SRR initiated,
structured, and negotiated the sale.
Singer Steel Company is a Cleveland, OH based steel service center providing processed steel
sheet and plate to the industrial equipment, fabrication and agriculture markets.
Ryerson, Inc. is a Platinum Equity owned $4 billion service center operating throughout the
United States, Canada, and China.
“Ryerson’s resources will allow Singer to expand its customer base, better serve its customers,
and provide further growth opportunities to Singer and its employees,” stated Bruce Alexander,
President of Singer.
“Singer was a good fit for Ryerson, as its quality products and esteemed reputation for customer
service were very attractive,” commented Mr. Vincent J. Pappalardo, Managing Director at SRR.
“Additionally, the acquisition allows Ryerson to expand its product line offering in the Midwest.”
SRR’s Investment Banking Group provides mergers and acquisitions advice, private capital
raising services, and other financial advisory services to portfolio companies of private equity
firms, family owned businesses, and divisions of large corporate parents.
About Stout Risius Ross
Stout Risius Ross, Inc. (SRR) is a financial advisory firm. We specialize in Investment Banking,
Valuation & Financial Opinions, and Dispute Advisory & Forensic Services. SRR’s clients range
from Fortune 500 corporations to privately held companies in numerous industries around the
world. For more information, visit www.srr.com.
SRR is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC