Russel Metals, Inc.

Russel Metals, Inc.

Russel Metals, Inc.

Overview
Date Founded

1784

Headquarters

1900 Minnesota Court,Suite 210,Mississauga, ON L5N 3C9

Type of Company

Public

Employees (Worldwide)

3,400

Industries

Wholesale: Industrial Products & Manufacturing

Company Description

Russel Metals, Inc. is a metal distribution and processing company, which distributes steel products. The company operates through the following business segments: Metals Service Centers, Energy Products and Steel Distributors. The Metals Service Centers segment provides processing and distribution services to a broad base of customers. The Energy Products segment distributes oil country tubular goods, line pipe, tubes, valves and fittings primarily to the energy industry in Western Canada and the U.S. The Steel Distributors segment sells steel in large volumes to other steel service centers and large equipment manufacturers. The company was founded in 1784 and is headquartered in Mississauga, Canada.

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Executives & Employees

President & Chief Executive Officer

Assistant Secretary

Assistant Secretary

Chief Financial Officer

Chief Financial Officer

Vice President, Service Center Operations

Vice President, Risk Management & Legal

Vice President, Information Systems

Vice President, Purchasing & Inventory Management

Director

Board of Directors

President at Elbow Holdings, Inc.

Former Executive Vice President at Alcoa Corp.

Co-Founder at Celtis Capital, Inc.

Former President & Chief Executive Officer at Fincentric Corp.

President & Director at Investments & Technical Management Corp.

Former Managing Partner at Davies Ward Phillips & Vineberg LLP

Former Chief Commercial Officer & Executive Vice President at IPSCO, Inc.

President & Chief Executive Officer at Russel Metals, Inc.

Former Vice Chairman & Area Managing Partner at Ernst & Young LLP (Canada)

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Russel Metals, Inc.
Owners & Shareholders
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Morgan, Meighen & Associates (MMA) employs a bottom-up investment approach that seeks to identify strong prospects, special situations or overlooked opportunities. The firm adapts to both value and growth styles to maximize performance under current market conditions. Their primary concern is the preservation of capital. MMA manages risk through the diversification of investments across geographic regions, industry sectors and individual securities. Based on each client's objectives, the firm also diversifies investments across asset classes including equities, income trusts, fixed-income and money market holdings.Canadian General Investments Ltd. is a publicly-traded closed-end equity fund that focuses on medium to long-term investments mainly in Canadian companies. It seeks better than average returns through careful security selection, timely recognition of capital gains and appropriate income generating instruments.The Canadian World Fund Ltd. is a closed-end equity fund that seeks superior long-term returns through global investments in the securities of publicly-traded growth companies. The fund relies on a bottom-up investment approach and does not employ currency hedging. The portfolio is well-diversified and influenced by a variety of currencies.The Morgan Meighen Income Pooled Fund consists of investments in government and corporate debt, preferred shares and other high yielding securities. The fund is actively managed to generate consistent income with low volatility and a focus on capital preservation. The fund is suitable for conservative investors with a minimum time horizon of 2 years. It invests in federal, provincial, municipal and corporate debt securities, preferred shares and high yielding equities or income trusts.MMA's Growth Pooled Fund seeks long-term capital appreciation through investments in growing, large-cap Canadian companies. Investors in this fund should be willing to assume more volatility in return for greater long-term capital appreciation and have an investment horizon of at least 5 years.The firm's Global Pooled Fund seeks to provide capital appreciation through investments in fast growing, large international companies from both the developed and emerging markets. The fund is suitable for clients seeking long-tern capital appreciation who are willing to accept the fund's potential volatility and have an investment horizon of at least 5 years.Their Balanced Pooled Fund is suitable for clients seeking a combination of income and growth. It is structured as a fund of funds and assets are allocated among the Income, Growth and Global Funds and cash to provide for stable growth in unit value with reduced volatility. The fund is suitable for clients seeking consistent growth in their rates of return and that have an investment horizon of 2 to 5 years.

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Matco Financial uses a process-driven approach without exposure to unnecessary risk. They invest for the long-term but continually look for tactical opportunities across asset classes. The firm only invests in companies with strong management teams and consistent execution. Matco Financial also uses s a rigorous manager selection process that continuously monitors and evaluates the selected external managers on criteria such as performance, adherence to investment style and corporate governance.

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Triasima Portfolio Management's \"Three-Pillar Approach\" combines fundamental, quantitative and trend analysis in a unique investment process that is designed to remain consistent under all market conditions. First, securities are identified using a combination of primarily qualitative top-down and bottom-up considerations. Sector allocation, and to some extent, security selection, are driven by a blend of top-down and bottom-up analysis. Triasima also evaluates prospective and existing investments with a focus on four key areas: Business and Operations, Historical Performance, Management and Culture, and Sustainability and Growth. Next, the firm uses sophisticated software to screen and grade attractive securities. In their search for factors that enhance value in a portfolio, Triasima has identified specific financial ratios, attributes and other parameters, which they divide into five categories: value, growth, profitability, outlook, and risk. The use of quantitative analysis allows the firm to build portfolios that combine elements of the Value, Growth and Momentum styles and exhibit superior characteristics compared to their respective benchmarks. Finally, Triasima uses a range of technical indicators to monitor securities and assess their current market behavior. The objective is to give priority to securities that are trending up or outperforming the market and avoid those that are trending down or underperforming the market. The technical indicators are divided into three groups based on time horizon (short, medium and long). The short-term horizon is approximately six months, while the long-term horizon is two to three years.

Recent Transactions
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Russel Metals, Inc. purchases DuBose Steel, Inc.

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Russel Metals, Inc. purchases Color Steels, Inc. from Color Steels Holding Corp.

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Russel Metals, Inc., JMS Russel Metals Corp. purchase Jackson Pipe & Steel

Transaction Advisors
Accountant

Advised onRussel Metals, Inc. purchases Acier Leroux, Inc.

Investment Advisor

Advised onRussel Metals, Inc. purchases Acier Leroux, Inc.

Legal Advisor

Advised onRussel Metals, Inc. purchases Siemens Laserworks, Inc. from New Stream Capital LLC

Legal Advisor

Advised onRussel Metals, Inc. purchases Siemens Laserworks, Inc. from New Stream Capital LLC

Advisors & Consultants
Advisor

Chief Financial Officer at Russel Metals, Inc.

Legal Advisor

Partner at Davies Ward Phillips & Vineberg LLP

Legal Advisor

Partner at Borden Ladner Gervais LLP

Key Stats and Financials As of 2019
Market Capitalization
$849M
Total Enterprise Value
$1.98B
Earnings Per Share
$1.23
Revenue
$3.68B
Net Profit
$76.6M
EBITDA
$205M
EBITDAMargin
5.57%
Total Debt
$618M
Total Equity
$945M
Enterprise Value Sales
0.54x
Enterprise Value EBITDAOperating
9.68x
TEVNet Income
25.86x
Debt TEV
0.31x
Three Year Compounded Annual Growth Rate Of Revenue
12.55%
Five Year Compounded Annual Growth Rate Of Revenue
-1.02%
Non-Profit Donations & Grants
Suppliers
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Competitors
Olympic Steel, Inc. Metal Manufacturing & Products - Bedford Heights, OH

When Olympic Steel was founded in 1954, our business focused on warehousing and distribution of steel from a single facility with no major processing equipment. Today, our enterprise has an enormously wider range, focused on growth, geographic and customer diversity and the value-added processing of flat-rolled metals. Headquartered in Cleveland, Ohio, our company operates strategically positioned production facilities that effectively serve customers in most metal intensive industries. By being attentive to the principles of good business, we have succeeded in helping customers effectively compete in today's marketplace. In fact, a significant portion of Olympic Steel's business comes from established customers. Customers that know and trust us for service, quality and comprehensive solutions.

MRC Global, Inc. Wholesale: Industrial Products & Manufacturing - Houston, TX

MRC Global is the largest global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry based on sales, and we hold the leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (petrochemical processing, crude oil refining and general industrials) sectors. We offer more than 150,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. Through our North American and International segments we serve our more than 12,000 active customers through over 410 service locations throughout North America, Europe, Asia and Australia.

Ryerson Holding Corp. Wholesale: Industrial Products & Manufacturing - Chicago, IL

Ryerson Holding Corp. engages in the processing and distribution of industrial metals. It processes and distributes products in stainless steel, aluminum carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. The firm serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery; and also offers value-added processing and fabrication services such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius. The company was founded on July 24, 2007 and is headquartered in Chicago, IL.

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