EVRAZ North America Joins Atlas Holdings in Strategic Acquisition
Deal News | Jun 27, 2025 | Atlas Holdings LLC
Atlas Holdings has announced a definitive agreement to acquire EVRAZ North America, a leading engineered steel products company serving the U.S. and Canadian markets, pending closure in the latter half of 2025. This acquisition aligns with Atlas's strategy of investing long-term in industrial businesses, providing the capital and leadership required to succeed and grow. EVRAZ North America boasts a significant production capacity and has a notable facility in Pueblo, Colorado, recognized as the world's largest solar-powered steel mill. This deal signals a commitment to strengthening the domestic steel industry, heavily relying on recycled materials. Atlas brings extensive industry experience, including relationships with government and labor unions. Despite past sanctions on its parent company, EVRAZ North America has operated independently. The partnership promises a prosperous future for employees and communities while maintaining their high-quality steel production.
Sectors
- Steel Production
- Private Equity
Geography
- United States – EVRAZ North America operates facilities in several U.S. locations and is being acquired by Atlas Holdings, based in Greenwich, Connecticut.
- Canada – EVRAZ North America also has operations across Canada, making it a significant part of the geographical scope of the article.
Industry
- Steel Production – The article is centered around the acquisition of EVRAZ North America, a major player in the steel production industry in the U.S. and Canada.
- Private Equity – Atlas Holdings, a private equity firm, is the acquiring entity and the article discusses their strategy and involvement in industrial operations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atlas Holdings LLC | Acquirer | Company | A private equity firm focused on strengthening and growing industrial and steel companies. |
| EVRAZ North America | Target Company | Company | A leading producer of engineered steel products for rail, energy, infrastructure, and industrial end markets in North America. |
| EVRAZ plc | Vendor/Selling Company | Company | The ultimate parent company of EVRAZ North America, previously sanctioned by the UK. |
| Sam Astor | Partner at Atlas Holdings | Person | Highlighted the strategic and operational strengths of Atlas in the acquisition announcement. |
| James Skip Herald | President and CEO of EVRAZ North America | Person | Commented on the exciting partnership and future prospects with Atlas Holdings. |