CHARLOTTE, N.C., March 24, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC ("DCF") acted as exclusive financial advisor to South Carolina-based Consolidated Systems, Inc. ("CSi") in three recent sell-side transactions, including asset divestitures to Steel Dynamics, Inc., a major metal coatings company, and a large steel service center.
The fourth largest manufacturer of bridge/roof decking in the United States, CSi closed the sale of its steel decking assets to Steel Dynamics, Inc. on Sept. 14, 2015. CSi's satisfaction with that transaction led CSi to engage DCF for two additional transactions that both closed on Dec. 15, 2015: the sale of coil coating and processing assets from CSi business unit Consolidated Metal Products to a metal coating company for operation as a toll processing facility and the sale of other assets to a steel service center and distributor expanding its business in the Southeast.
"Deloitte Corporate Finance did an excellent job of helping us navigate the complicated process of selling three groups of assets so quickly, with two of those deals closing simultaneously. We would not have been able to execute these transactions without the insight DCF was able to provide," said Tony Hardwick, member of the Board of Directors at CSi.
"Working with CSi's shareholders and board through each of these deals has been rewarding. Each buyer that acquired assets from CSi has a reputation for operational excellence and, through strong collaboration with CSi leaders, executed the deals well," said Brad Winer, Industrials Group Managing Director at Deloitte Corporate Finance.
About Consolidated Systems, Inc.
Founded in 1954 and headquartered in Columbia, S.C., Consolidated Systems, Inc. established itself as an industry leader in steel fabrication and processing serving the construction and OEM markets, and also as a preferred manufacturer and supplier of metal roof, floor, and form deck systems for structural and architectural applications.
About Steel Dynamics, Inc.
Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual sales of $7.6 billion in 2015, approximately 7,500 employees, and manufacturing facilities primarily located throughout the United States (including six electric-arc-furnace steel mills, eight steel coating lines, an iron production facility, approximately 80 metals recycling locations and eight steel fabrication plants). For more information, visit www.steeldynamics.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
For media inquiries, please contact:
+ 1 212 492 4484
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/deloitte-corporate-finance-llc-advised-consolidated-systems-inc-in-three-recent-deals-300241081.html