Alantra advises Admiral Metals on sale to Reliance Steel & Aluminum

Dec 2021

Sell-side advisory

Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that it has advised Admiral Metals on its sale to Reliance Steel & Aluminum Co. (NYSE:RS), a leading diversified metal solutions provider. The transaction closed on December 10, 2021 and the value was not disclosed.

Headquartered in Woburn, Mass., Admiral Metals is the largest independent distributor and processor of non-ferrous metal products in the Northeast and mid-Atlantic regions of the U.S. The company stocks a broad set of non-ferrous metals (including aluminum, brass, bronze, copper, and stainless steel) in a variety of shapes, such as roundstock, hex, rectangle, sheet, square, plate, and tubes. Admiral Metals serves a highly diversified range of customers including companies in the semiconductor, automotive, medical, infrastructure, aerospace, and industrial markets. Admiral Metals has been owned by the Burstein family for over 70 years, with first and second-generation family members managing the company.

Reliance is a leading diversified metal solutions provider, offering value-added metals processing services and distributing over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance has completed over 65 acquisitions since 1994 and has reported revenues of over $12 billion over the twelve-month period ended September 30, 2021.