Corporate Finance

Steel Dynamics

Steel Dynamics Group acquisition of Offshore Stainless Supplies Limited.

About Steel Dynamics

Steel Dynamics is a UK leading steel stockholder and processor.

Offshore Stainless Supplies is a stainless steel stockholder based in Walsall, West Midlands.

Post acquisition the combined group has over 100 employees and revenues of over £35m.

 

About the deal

Steel Dynamics acquired Offshore Stainless Supplies for an undisclosed sum with the deal completing in June 2021.  The acquisition was in part financed through new debt facilities financed by Close Brothers (invoice finance, stock finance, asset finance and cash flow loan).

Cowgills provided corporate finance lead advisory services (Ian Johnson and Ben Barlow), debt advisory (Ben Day), financial due diligence (Mark Bringloe) plus tax advice and tax due diligence (Georges Daubney).

 

Sector

Steel Stockholding

 

Speech Bubble

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Meet the team

Ian Johnson

Ian Johnson

Partner

Ian Johnson

Partner

Sam Davies

Sam Davies

Partner

Sam Davies

Partner

David Furlong

David Furlong

Partner – Debt Advisory

David Furlong

Partner – Debt Advisory

Jane Rash

Jane Rash

Director

Jane Rash

Director

Lorraine Dewhurst

Lorraine Dewhurst

Business Development Manager

Lorraine Dewhurst

Business Development Manager

Andrew Nelson

Andrew Nelson

Corporate Finance Partner

Andrew Nelson

Corporate Finance Partner

Julie Brown

Julie Brown

Head of Research

Julie Brown

Head of Research

Ben Barlow

Ben Barlow

Associate Director

Ben Barlow

Associate Director

James Kennedy

James Kennedy

Director

James Kennedy

Director