Los Angeles, California-based Reliance Steel & Aluminum Co., the largest metals service center company in North America, announced Wednesday that it has acquired all of the outstanding limited liability company interests of Houston, Texas-based National Specialty Alloys, LLC. National Specialty Alloys also has locations in Anaheim, California, Buford, Georgia, and Tulsa, Oklahoma. National Specialty Alloys, LLC will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. Current management will remain in place with Mark Russ continuing as President of NSA. Terms of the transaction were not disclosed.
David H. Hannah, Chairman and CEO of Reliance commented that NSA expands and complements Reliance's exposure to the fast-growing energy market. "NSA's primary end market is the energy market with particular emphasis on horizontal drilling and completion tools, pumps and valves used in the drilling and production of oil and gas."
NSA was sold by a consortium of investors led by Post Oak Energy Capital, LP and included Chesapeake Investments LLC, Solar Capital Ltd., CarVal Investors, LLC and LRC Speciality, LLC.