SPS Companies acquired Jemison Metals to expand its steel distribution and processing capabilities on August 7, 2026.
| Acquirer | SPS Companies (US) |
|---|---|
| Target | Jemison Metals (US) |
| Type | Acquisition |
| Deal Value | Undisclosed |
| Close Date | August 7, 2026 |
| Announcement Date | August 7, 2026 |
| Buy-side Financial Advisors | Thera Capital, ICA Partners |
| Sell-side Financial Advisors | Not disclosed |
| Buy-side Legal Advisors | Butler Snow |
| Sell-side Legal Advisors | Butler Snow |
The deal is part of SPS Companies’ strategy to bolster its presence in the steel distribution and processing sector. Jemison Metals, a leading supplier of carbon flat-rolled products with service centers across the United States and Mexico, was acquired by SPS Companies to enhance its existing capabilities.
Jemison Metals operates as a majority-owned subsidiary of Jemison Investment Company, founded in 1949. The acquisition will provide Jemison Metals access to additional resources and expertise within the SPS network, thereby supporting continued growth and market expansion.
Heritage Capital Group served as the exclusive financial advisor to Jemison Metals on the transaction. Thera Capital and ICA Partners were appointed as buy-side financial advisors by SPS Companies for this deal.
Butler Snow acted as both buy- and sell-side legal counsel, facilitating a seamless transaction process. The exact terms of the agreement remain undisclosed.