July 13, 2022 – Majestic Steel USA, Inc., a steel service center and processor of prime flat-rolled steel products across North America, today announced the completion of two strategic acquisitions that support the company’s ongoing growth and diversification. The acquired companies support Majestic’s strategy of supply chain reliability for customers and downstream value add in steel manufacturing.
Quicken Steel LLC, a manufacturer of steel buildings and components headquartered in Claxton, Georgia, and Mercury Transport Inc., a transportation company headquartered in Pittsburg, California will become wholly owned divisions of Majestic Steel USA, Inc.
Quicken Steel, an innovative manufacturer of cold-formed steel buildings, metal roofing products and components, creates new downstream opportunities for Majestic in manufacturing and construction. The acquisition diversifies Majestic’s current portfolio while aligning with the core steel distribution and processing business model. Quicken has a proven business model that’s readily scalable and will leverage Majestic’s core footprint, creating new avenues of growth.
The acquisition of Mercury Transport is a continuation of Majestic’s commitment to its West Coast customers. With ongoing challenges in the supply chain, Mercury will provide better service to its existing and future customers as an integrated logistics provider with local market expertise. The investment complements Majestic’s 2021 acquisition ofMerit Steel USA, a West Coast-based steel service center headquartered in Pittsburg, CA with additional locations in Fontana, CA and Longview, WA.
“These strategic investments further Majestic’s commitment to supply chain reliability and innovation in manufacturing and construction with steel,” said Todd Leebow, President & CEO of Majestic Steel USA. “Quicken Steel is an opportunity for us to provide our existing solutions downstream where we believe steel is critical to the future of building. As extreme weather events become increasingly common and sustainability is at the forefront of manufacturing, we see a growing need and consumer demand for the inherent strength of steel buildings and building products. These acquisitions build on our successful 2021 growth by expanding our footprint in the key Western and Southern US markets.”
