Key transactions & industry news Weekly Update 03/14/2025

Metals & Mining

Mar. 13, 2025 – Recycled metal products maker Radius Recycling had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp. Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, representing a nearly 120% premium to the stock’s last close on Thursday and implying a total enterprise value of about $1.34 billion. (Reuters)

Mar. 11, 2025 – The Italian steelmaker Acciaierie Venete has announced the acquisition of 100 percent of Trafilerie San Paolo S.r.l., an Italian producer specialized in drawn steel. The Trafilerie San Paolo plant allows pickling and annealing processes, and it is also equipped with 12 lines for drawing, for diameters from 2 mm to 36 mm and from 7 mm to 42 mm respectively. Acciaierie Venete has an annual production capacity of two million tons. (Steel Orbis)

Mar. 10, 2025 – Britannia Mining Solutions Inc. announced that it has entered into a non-binding letter of intent with 1317220 B.C. Ltd. for a proposed business combination transaction pursuant to which 1317220 B.C. will acquire all of the issued and outstanding securities of the Company by way of a three-cornered amalgamation. In connection with the Proposed Transaction, the Company will conduct a concurrent equity financing for up to $10 million. The resulting Company will seek to go public by listing its common shares on the Cboe Canada Inc. (“Cboe”). (GlobeNewswire)

Transportation & Logistics

Mar. 13, 2025 – OmniTRAX has entered into a joint venture partnership with Coast Belle Rail Corp. for the acquisition of the Santa Maria Valley Railroad in California. The acquisition would mark the 29th rail operation in OmniTRAX’s national rail network and its second railroad in California. Financial details of the agreement were not disclosed in an OmniTRAX press release. (Progressive Railroading)

Mar. 13, 2025 – Ferrovial, a leading global infrastructure company, has reached an agreement to acquire up to a 5.06% stake in 407 ETR from AtkinsRéalis for approximately CAD $2.09 billion. The transaction is structured in two tranches, with 3.30% to be acquired at closing and 1.76% deferred for up to 18 months post-closing through a put and call option agreement. (PRNewswire)

Mar. 12, 2025 – Viking Invest AS purchased 354,000 Series B shares in Viking Supply Ships AB (Publ) for SEK 123.50 per share. Following the transaction, Viking Invest, together with a sister company, holds 82.8% of the capital and 87.2% of the votes. (MarketScreener)

Building Products & Materials

Mar. 11, 2025 – ASSA ABLOY has acquired Senior Architectural Systems (“SAS”), an independent supplier of innovative aluminium windows, doors and curtain wall systems and thermally efficient fenestration systems into the commercial construction sector in the UK. (PRNewswire)

Mar. 11, 2025 – Bailey, a leader in flat roofing and building envelope solutions since 1975, announced the acquisition of the assets of The Parkside Group, bringing the renowned Comar architectural aluminium systems and Axim hardware brands into its comprehensive product portfolio. This strategic acquisition significantly enhances Bailey’s capabilities in the construction sector, expanding its total building envelope offering to include aluminium window and curtain walling systems. (Bailey)

Energy

Mar. 10, 2025 – Summit Midstream Corporation announced that its wholly owned subsidiary, Summit Midstream Holdings, LLC , has acquired Moonrise Midstream, LLC from Fundare Resources Company Holdco, LLC for a total consideration of $90 million, including $70 million in cash and $20 million in SMC equity. (PRNewswire)

Mar. 10, 2025 – Gold Reserve Ltd. announced that its Delaware subsidiary, Dalinar Energy Corporation, submitted a bid to be designated the Stalking Horse Bidder for the purchase of the shares of PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp. (Business Wire)

Others

Mar. 12, 2025 – Scopely to acquire Niantic games business, which includes “Pokémon GO,” one of the most successful mobile games of all time. Acquisition will welcome Niantic’s entire game development teams, beloved games “Pokémon GO,” “Pikmin Bloom,” and “Monster Hunter Now,” and companion apps and services “Campfire” and “Wayfarer” to Scopely’s diverse video game portfolio, highlighting the company’s ongoing commitment to community-driven, social experiences. (Scopely)