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Reliance Steel (RS) Completes Acquisition of American Alloy Steel

Reliance Steel (RS) Completes Acquisition of American Alloy Steel
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Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.

SCOTTSDALE, Ariz., April 03, 2024 Reliance, Inc. announced that effective April 1, 2024, it has completed its acquisition of all of the outstanding equity interests and related real estate.

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Blue Sage invests in manufacturer American Alloy

In conjunction with the transaction, American Alloy s COO Brett Stevens has been named CEO while company founder, Garret Guinn, will remain involved with the business as an employee, board member, and shareholder.

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Blue Sage Capital Invests in American Alloy

Blue Sage Capital Invests in American Alloy
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For thermal battery startups, the median post-money valuation is up 81.9% year over year

PitchBook recently released a report on thermal battery companies, which is starting to produce some notable companies, and could be an area that garners more investment from VCs moving forward.

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