JCD Steel Acquired: A New Era Begins After Smooth Transfer
Deal News | Jan 06, 2025 | EIN
JCD Steel, a leading supplier of steel pipes and Oil Country Tubular Goods (OCTG) for the oil and gas industry, has been acquired in a strategic sale facilitated by Website Closers. The sale marks a significant transition for JCD Steel, reflecting the growing demand for steel products and OCTG pipes in various sectors such as industrial and oil & gas. Both senior brokers Mike Adams and Mike Freedman played pivotal roles in ensuring a smooth ownership transition, with Doug Reynolds taking over the helm as the new owner. JCD Steel has been a trusted provider for 15 years, offering products like Electric Resistance Weld (ERW) pipes and LSAW pipes. The company's founder, Juan Diaz, expressed confidence in the new leadership's ability to uphold the established standards and foster growth. Website Closers, known for their expertise in facilitating M&A across tech and internet sectors, demonstrated their capability through this successful transaction, reinforcing their presence in the market.
Sectors
- Steel Manufacturing
- Oil and Gas
- Mergers & Acquisitions Brokerage
Geography
- United States – The article is based on the acquisition of JCD Steel, likely situated within the U.S., given the involvement of Website Closers, a U.S.-based brokerage.
Industry
- Steel Manufacturing – The article focuses on JCD Steel, a supplier of steel products including pipes and beams, relevant to the steel manufacturing sector.
- Oil and Gas – JCD Steel provides Oil Country Tubular Goods (OCTG), serving the oil and gas industry.
- Mergers & Acquisitions Brokerage – Website Closers facilitated the acquisition, representing the M&A brokerage industry.
Financials
- Not Disclosed – The financial terms of the acquisition of JCD Steel were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JCD Steel | Target Company | Company | A supplier of steel pipes and OCTG for the oil and gas industry. |
| Website Closers | Broker | Company | World's largest full-service tech & internet M&A brokerage. |
| Juan Diaz | Founder | Person | Founder of JCD Steel. |
| Doug Reynolds | New Owner | Person | The new owner of JCD Steel. |
| Mike Adams | Broker | Person | One of the brokers managing the sale of JCD Steel. |
| Mike Freedman | Broker | Person | Another broker managing the sale of JCD Steel. |