Reliance, Inc.
 | |
| Formerly | Reliance Steel & Aluminum Co. |
|---|---|
| Company type | Public company |
| Industry | Metals, Metal fabrication |
| Founded | February 3, 1939 in Los Angeles |
| Founder | Thomas J. Neilan |
| Headquarters | Scottsdale, Arizona, U.S. |
Key people | Karla R. Lewis (President & CEO) Arthur Ajemyan (CFO) Stephen P. Koch (Executive Vice President) William A. Smith II (General Counsel) |
| Products | Aluminum Brass Alloy Copper Carbon steel Stainless steel Titanium |
| Revenue |  US$14.805 billion (2023) |
| US$1.340 billion (2023) | |
| Total assets |  US$10.480 billion (2023) |
| Total equity | US$7.732 billion (2023) |
Number of employees | ≈ 15,000 (December 2023) |
| Website | reliance rsac |
| Footnotes / references [1] | |
Reliance, Inc. (Reliance), headquartered in Scottsdale, Arizona, is the largest metals service center operator in North America. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including aluminum, brass, alloy, copper, carbon steel, stainless steel, titanium, and specialty metal products to 125,000 customers such as fabricators and manufacturers.
The company is ranked 247th on the Fortune 500.[2]
The company network includes over 75 brands,[3] including Phoenix Metals, United Pipe & Steel, Allegheny Steel Distributors, Best Manufacturing, CCC Steel, Delta Steel, EMJ, Feralloy, Infra-Metals Co., KMS Fab LLC and KMS South, Liebovich, Metals USA, National Specialty Alloys, Pacific Metal, Reliance Metalcenter, Siskin Steel, Tube Service, Valex, and Yarde Metals.
History
[edit]The company was founded in Los Angeles on February 3, 1939 by Thomas J. Neilan. Originally named Reliance Steel Products Company, the business made and sold steel reinforcing bars (rebar) for the construction industry. In 1944, the name was shortened to Reliance Steel Company.[4]
On September 14, 1994, the company became a public company via an initial public offering.[5]
Reliance Steel & Aluminum Co. changed the company name to Reliance, Inc. on February 15, 2024.[6]
Acquisitions
[edit]| Year | Company | Price | Description of Assets | Ref(s). |
|---|---|---|---|---|
| 1997 | Service Steel Aerospace | Undisclosed | Facilities in California, Connecticut, Kansas, Ohio, and Washington | [7] |
| 2001 | Pitt-Des Moines | $97.5 million | Seven distribution centers in California, Nevada, Utah, Washington and Iowa | [8] |
| 2002 | Central Plains Steel | Undisclosed | A facility in Wichita | [9] |
| 2003 | Precision Strip | $246 million | Facilities in Minster, Kenton, Middletown, and Tipp City, Ohio; Anderson and Rockport, Indiana; Bowling Green, Kentucky and Talladega, Alabama | [10] |
| 2006 | Earle M. Jorgensen | $984 million | 39 facilities in the United States and Canada | [11] |
| 2008 | PNA Group | $1.1 Billion | 23 steel service centers throughout the United States, as well as five joint ventures with seven additional service centers in the United States and Mexico | [12] |
| 2008 | Dynamic Metals International | Undisclosed | $11 million in annual sales | [13] |
| 2010 | Diamond Consolidated Industries | Undisclosed | Four service centers (Wyoming, PA; Michigan City, IN; Cedar Hill, TX; Charlotte, NC) | [14] |
| 2010 | Lampros Steel | Undisclosed | Steel service center company specializing in structural steel shapes with a facility located in Portland, Oregon | [15] |
| 2011 | Continental Alloy | Undisclosed | 12 locations in 7 countries including the United States, Canada, United Kingdom, Singapore, Malaysia, Dubai and Mexico | [16] |
| 2012 | McKey Perforating | Undisclosed | Contract manufacturer | [17] |
| 2012 | National Specialty Alloys | Undisclosed | Locations in Houston, Texas, Anaheim, California, Buford, Georgia and Tulsa, Oklahoma | [18] |
| 2012 | Assets of Airport Metals (Australia) | Undisclosed | Stocking distributor of aircraft materials and supplies | [19] |
| 2012 | Sunbelt Steel Texas | Undisclosed | Distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry | [20] |
| 2012 | GH Metal Solutions | Undisclosed | High value add processor of metal products | [21] |
| 2013 | Metals USA | $1.24 billion | 48 service centers strategically located throughout the United States | [22] |
| 2013 | Haskins Steel | Undisclosed | Processor and distributor of carbon steel and aluminum products | [23] |
| 2014 | Northern Illinois Steel Supply | Undisclosed | Focus on energy and petrochemical sectors | [24] |
| 2014 | Fox Metals And Alloys | Undisclosed | A steel distributor specializing in alloy, carbon and stainless steel bar and plate products | [25] |
| 2016 | Tubular Steel | Undisclosed | 7 service centers | [26] |
| 2016 | Best Manufacturing | Undisclosed | Custom sheet metal fabricator of steel and aluminum products | [27] |
| 2016 | Alaska Steel Company | Undisclosed | Metals processor | [28] |
| 2018 | KMS Fab, LLC and KMS South, Inc | Undisclosed | Precision sheet metal fabricator | [29] |
| 2021 | United Pipe & Steel | Undisclosed | Master distributor of standard pipe products | [30][31] |
References
[edit]- ^ "Reliance Steel & Aluminum Co. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Reliance Steel & Aluminum". Fortune. Fortune.
- ^ "Our family of companies - Reliance, Inc". Reliance, Inc.
- ^ "Reliance Steel: Our History". Reliance Steel.
- ^ "Reliance Steel & Aluminum Co. To Ring The New York Stock Exchange Closing Bell" (Press release). PR Newswire. August 14, 2014.
- ^ "Reliance, Inc. reports fourth quarter and full year 2023 financial results and unveils corporate rebranding". Nasdaq.
- ^ "The History of Service Steel Aerospace". Service Steel Aerospace.
- ^ "Reliance Steel to Buy Pitt-Des Moines Unit". Los Angeles Times. Bloomberg News. May 22, 2001.
- ^ "Los Angeles company will buy Central Plains Steel". American City Business Journals. March 29, 2002.
- ^ "Reliance Steel & Aluminum buys Precision Strip". American City Business Journals. July 2, 2003.
- ^ "Earle M. Jorgensen Company Signs Agreement to Be Acquired by Reliance Steel & Aluminum Co" (Press release). Business Wire. January 18, 2006.
- ^ "Platinum Equity Completes Sale of PNA Group" (Press release). Platinum Equity. August 4, 2008.
- ^ "Reliance Steel & Aluminum Acquires Dynamic Metals". MDM. April 3, 2008.
- ^ "Diamond Manufacturing sold to Calif. company". The Times of Northwest Indiana. October 2, 2010.
- ^ "Reliance Steel & Aluminum Co. Acquires Lampros Steel, Inc" (Press release). U.S. Securities and Exchange Commission. December 3, 2010.
- ^ "Reliance Steel & Aluminum Co. Acquires Continental Alloys & Services, Inc" (Press release). Business Wire. August 3, 2011.
- ^ "Reliance Steel & Aluminum Co. Acquires McKey Perforating Co., Inc" (Press release). Business Wire. February 1, 2012.
- ^ "Reliance Steel & Aluminum Co. Acquires National Specialty Alloys, LLC" (Press release). Business Wire. April 4, 2012.
- ^ "Reliance Steel & Aluminum Co. Acquires the Assets of Airport Metals (Australia)" (Press release). Business Wire. July 9, 2012.
- ^ "Reliance Steel & Aluminum Co. Acquires Sunbelt Steel Texas, LLC" (Press release). Business Wire. October 3, 2012.
- ^ "Reliance Steel & Aluminum Co. Acquires GH Metal Solutions, Inc" (Press release). Business Wire. October 4, 2012.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition of Metals USA Holdings Corp" (Press release). Business Wire. April 15, 2013.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition of Haskins Steel Co., Inc" (Press release). Business Wire. November 1, 2013.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition Of Northern Illinois Steel Supply Co" (Press release). PR Newswire. August 1, 2014.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition Of Fox Metals And Alloys, Inc" (Press release). PR Newswire. December 2, 2014.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition Of Tubular Steel, Inc" (Press release). PR Newswire. January 5, 2016.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition Of Best Manufacturing, Inc" (Press release). PR Newswire. April 4, 2016.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition Of Alaska Steel Company" (Press release). PR Newswire. August 2, 2016.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisitions of KMS Fab, LLC and KMS South, Inc" (Press release). Globe Newswire. August 1, 2018.
- ^ "Reliance Steel & Aluminum Co. Completes Acquisition of Merfish United". GlobeNewswire News Room. 2021-10-04. Retrieved 2024-03-18.
- ^ "United Pipe & Steel Corp. Returns | phcppros". www.phcppros.com. Retrieved 2024-03-18.
External links
[edit]- Official website
- Business data for Reliance, Inc.: