Reliance, Inc.

Last updated
Reliance, Inc.
FormerlyReliance Steel & Aluminum Co.
Company type Public company
Industry Metals, Metal fabrication
FoundedFebruary 3, 1939;86 years ago (1939-02-03) in Los Angeles
FounderThomas 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
RevenueDecrease2.svg US$14.805 billion (2023)
Decrease2.svg US$1.340 billion (2023)
Total assets Increase2.svg US$10.480 billion (2023)
Total equity Increase2.svg US$7.732 billion (2023)
Number of employees
≈ 15,000 (December 2023)
Website reliance.com
rsac.com
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.

Contents

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

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

YearCompanyPriceDescription of AssetsRef(s).
1997Service Steel AerospaceUndisclosedFacilities in California, Connecticut, Kansas, Ohio, and Washington [7]
2001Pitt-Des Moines$97.5 millionSeven distribution centers in California, Nevada, Utah, Washington and Iowa [8]
2002Central Plains SteelUndisclosedA facility in Wichita [9]
2003Precision Strip$246 millionFacilities in Minster, Kenton, Middletown, and Tipp City, Ohio; Anderson and Rockport, Indiana; Bowling Green, Kentucky and Talladega, Alabama [10]
2006Earle M. Jorgensen$984 million39 facilities in the United States and Canada [11]
2008PNA Group$1.1 Billion23 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]
2008Dynamic Metals InternationalUndisclosed$11 million in annual sales [13]
2010Diamond Consolidated IndustriesUndisclosedFour service centers (Wyoming, PA; Michigan City, IN; Cedar Hill, TX; Charlotte, NC) [14]
2010Lampros SteelUndisclosedSteel service center company specializing in structural steel shapes with a facility located in Portland, Oregon [15]
2011Continental AlloyUndisclosed12 locations in 7 countries including the United States, Canada, United Kingdom, Singapore, Malaysia, Dubai and Mexico [16]
2012McKey PerforatingUndisclosedContract manufacturer [17]
2012National Specialty AlloysUndisclosedLocations in Houston, Texas, Anaheim, California, Buford, Georgia and Tulsa, Oklahoma [18]
2012Assets of Airport Metals (Australia)UndisclosedStocking distributor of aircraft materials and supplies [19]
2012Sunbelt Steel TexasUndisclosedDistributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry [20]
2012GH Metal SolutionsUndisclosedHigh value add processor of metal products [21]
2013Metals USA$1.24 billion48 service centers strategically located throughout the United States [22]
2013Haskins SteelUndisclosedProcessor and distributor of carbon steel and aluminum products [23]
2014Northern Illinois Steel SupplyUndisclosedFocus on energy and petrochemical sectors [24]
2014Fox Metals And AlloysUndisclosedA steel distributor specializing in alloy, carbon and stainless steel bar and plate products [25]
2016Tubular SteelUndisclosed7 service centers [26]
2016Best ManufacturingUndisclosedCustom sheet metal fabricator of steel and aluminum products [27]
2016Alaska Steel CompanyUndisclosedMetals processor [28]
2018KMS Fab, LLC and KMS South, IncUndisclosedPrecision sheet metal fabricator [29]
2021United Pipe & SteelUndisclosedMaster distributor of standard pipe products [30] [31]

References

  1. ↑ "Reliance Steel & Aluminum Co. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "Reliance Steel & Aluminum". Fortune. Fortune.
  3. ↑ "Our family of companies - Reliance, Inc". Reliance, Inc.
  4. ↑ "Reliance Steel: Our History". Reliance Steel.
  5. ↑ "Reliance Steel & Aluminum Co. To Ring The New York Stock Exchange Closing Bell" (Press release). PR Newswire. August 14, 2014.
  6. ↑ "Reliance, Inc. reports fourth quarter and full year 2023 financial results and unveils corporate rebranding". Nasdaq.
  7. ↑ "The History of Service Steel Aerospace". Service Steel Aerospace.
  8. ↑ "Reliance Steel to Buy Pitt-Des Moines Unit" . Los Angeles Times . Bloomberg News. May 22, 2001.
  9. ↑ "Los Angeles company will buy Central Plains Steel". American City Business Journals . March 29, 2002.
  10. ↑ "Reliance Steel & Aluminum buys Precision Strip". American City Business Journals . July 2, 2003.
  11. ↑ "Earle M. Jorgensen Company Signs Agreement to Be Acquired by Reliance Steel & Aluminum Co" (Press release). Business Wire. January 18, 2006.
  12. ↑ "Platinum Equity Completes Sale of PNA Group" (Press release). Platinum Equity. August 4, 2008.
  13. ↑ "Reliance Steel & Aluminum Acquires Dynamic Metals". MDM. April 3, 2008.
  14. ↑ "Diamond Manufacturing sold to Calif. company". The Times of Northwest Indiana . October 2, 2010.
  15. ↑ "Reliance Steel & Aluminum Co. Acquires Lampros Steel, Inc" (Press release). U.S. Securities and Exchange Commission. December 3, 2010.
  16. ↑ "Reliance Steel & Aluminum Co. Acquires Continental Alloys & Services, Inc" (Press release). Business Wire. August 3, 2011.
  17. ↑ "Reliance Steel & Aluminum Co. Acquires McKey Perforating Co., Inc" (Press release). Business Wire. February 1, 2012.
  18. ↑ "Reliance Steel & Aluminum Co. Acquires National Specialty Alloys, LLC" (Press release). Business Wire. April 4, 2012.
  19. ↑ "Reliance Steel & Aluminum Co. Acquires the Assets of Airport Metals (Australia)" (Press release). Business Wire. July 9, 2012.
  20. ↑ "Reliance Steel & Aluminum Co. Acquires Sunbelt Steel Texas, LLC" (Press release). Business Wire. October 3, 2012.
  21. ↑ "Reliance Steel & Aluminum Co. Acquires GH Metal Solutions, Inc" (Press release). Business Wire. October 4, 2012.
  22. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition of Metals USA Holdings Corp" (Press release). Business Wire. April 15, 2013.
  23. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition of Haskins Steel Co., Inc" (Press release). Business Wire. November 1, 2013.
  24. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition Of Northern Illinois Steel Supply Co" (Press release). PR Newswire. August 1, 2014.
  25. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition Of Fox Metals And Alloys, Inc" (Press release). PR Newswire. December 2, 2014.
  26. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition Of Tubular Steel, Inc" (Press release). PR Newswire. January 5, 2016.
  27. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition Of Best Manufacturing, Inc" (Press release). PR Newswire. April 4, 2016.
  28. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition Of Alaska Steel Company" (Press release). PR Newswire. August 2, 2016.
  29. ↑ "Reliance Steel & Aluminum Co. Completes Acquisitions of KMS Fab, LLC and KMS South, Inc" (Press release). Globe Newswire. August 1, 2018.
  30. ↑ "Reliance Steel & Aluminum Co. Completes Acquisition of Merfish United". GlobeNewswire News Room (Press release). 2021-10-04. Retrieved 2024-03-18.
  31. ↑ "United Pipe & Steel Corp. Returns | phcppros". www.phcppros.com. Retrieved 2024-03-18.
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