Flack Global Metals completes acquisition of majority ownership stake in Pacesetter Steel Service
10/02/24, 4:37 PM
Location
scottsdalekennesawIndustry
mining
manufacturing
mineral
precious metals
precious metals
Flack Global Metals (FGM) has completed the acquisition of a majority ownership stake in Pacesetter Steel Service. The transaction represents a strategic move as a part of extensive succession planning process undertaken by Pacesetter, with the aim of growing the Pacesetter platform while keeping it as a stand-alone vertical within the FGM platform.
Company Info
Location
Scottsdale, Arizona, United States
Company info
In 2010, FGM launched with the mission to reinvent how metal is bought and sold. The company has evolved into a hybrid industrial organization specializing in the buying, selling, manufacturing, trading and investing in flat rolled steel. FGM is creating an innovative platform based on risk management and hedging practices combined with a culture of innovation to reduce friction and provide optionality in the volatile steel industry, ultimately increasing enterprise value for all members.