White Rock Advisors, LLC is pleased to announce it recently advised The Trident Company (“Trident”) of Richardson, Texas, on its sale to Metals USA.
Trident, founded in 1962, is an ISO-9001 certified stocking distributor of specialty high performance and corrosion resistant metals, including aluminum, stainless steel, nickel, copper and many other exotic alloys. Trident has locations in Texas, Oklahoma and Missouri, and supplies to the Aerospace & Defense, Oil & Gas, Semiconductor, Transportation, Medical and Construction markets throughout the US.
Metals USA (NYSE: MUSA) is a leading provider of processed carbon steel, stainless steel, aluminum and other metals.
The acquisition of Trident represents Metals USA’s third acquisition since its IPO in April 2010. With sales for the twelve months ending December 31, 2010 at approximately $148 million on 23,000 shipped tons, Trident is also the largest company acquired by Metals USA thus far. With the addition of Trident’s eight processing centers located in Texas, Oklahoma, Georgia, California, and Massachusetts, Metals USA significantly increases its geographic coverage toward desired target markets in the Southeast, South central, Northeast and the West Coast of the United States.
A team from White Rock Advisors, led by Simon Martin and Greg Hext, advised management of Trident throughout the sales process.