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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Strategic Buyers: Reliance Steel Picks Up Metals USA

The $1.2B deal will give Reliance 48 more service centers

Reliance Steel & Aluminum Co. (NYSE: RS) is buying Metals USA Holdings Corp. (NYSE: MUSA) for about $1.2 billion.

The target, headquartered in Fort Lauderdale, Fla., produces heavy carbon steel, flat-rolled steel, non-ferrous metals and other building products.

Los Angeles-based Reliance process metals and distributes a line of more than 100,000 metal products.

Metals had about $2 billion in sales for 2012. The agreement is subject to a 30-day period where Metals can solicit other offers.

The deal will give Reliance 48 more service centers. The company expects to have annual sales of more than $10 billion after the transaction closes, which is expected to happen in the second quarter of 2013. 

 

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