Majestic Steel Usa Acquires Quicken Steel And Mercury Transport

Jul 14, 2022•almost 3 years ago

Acquiring Company

Majestic Steel USA

Acquired Company

Quicken Steel

Description

Majestic Steel USA, Inc. ("Majestic"), a leading provider of supply chain solutions and prime flat-rolled steel products across North America, has completed two strategic acquisitions in manufacturing and logistics.

Company Information

Company

Majestic Steel USA

About

Majestic Steel USA, founded in 1979 and headquartered in Cleveland, Ohio, is a privately held and family owned distributor and processor of flat-rolled steel. Majestic serves its customers in manufacturing, construction and distribution from its network of locations throughout North America. Majestic is a leader in the domestic steel industry with a vision of innovation. Majestic believes steel is critical to American industry and the economy, and continues to supply quality products and the best customer experience. For more information on Majestic, visit www.majesticsteel.com. For press inquiries, contact Kate Mitchell kmitchell@majesticsteel.com SOURCE Majestic Steel USA

DealWatch™ Score

High M&A Activity

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Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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