Scrap Metal Services LLC has sold its Steel Mill Services and Shipbreaking divisions to FalconPoint Capital Partners, a move aimed at enhancing financial flexibility and operational growth.

Target Company Overview

Scrap Metal Services LLC (SMS) is a prominent player in the steel, metals, and mining sectors, specializing in critical outsourced services for steel mills globally. With a strategic operational footprint that includes 14 locations across four countries on three continents, SMS remains at the forefront of the industry.

In addition to its steel mill services, SMS owns a Shipbreaking division that operates as a leading marine vessel recycler and remediation contractor for the U.S. government, based in Brownsville, Texas. This diversified operational capability positions SMS as a vital entity in the metals recycling industry.

Industry Overview in the United States

The steel and metals industry in the United States is currently undergoing a significant transformation, driven by evolving market demands and technological advance