| Industry: |
Metal Services |
| Investment date: |
January 2007 |
| Acquired by: |
Onex Partners II |
| Investment: |
$199 million /
$78 million from Onex |
| Ownership: |
60% / Onex' portion is 24% |
| Status: |
Public / partially realized |
| Listed: |
NYSE: TMS |
| Shares held by Onex: |
9.3 million |
Onex Partners II shares
subject to a carried interest: |
13.2 million |
Value realized to date:
|
$89 million(1) /
$36 million by Onex(1) |
| Head office: |
Glassport, Pennsylvania |
| Annual revenues (2011): |
$2.7 billion |
| Website: |
www.tmsinternationalcorp.com |
(1) Includes $50 million realized on promissory notes and related interest, of which Onex' shares was $20 million.
TMS International Corp., through its subsidiaries including Tube City IMS, is the largest provider of outsourced industrial services to steel mills in North America and has a substantial and growing international presence. The company provides raw materials brokerage services, scrap optimization and management services, slag processing and metal recovery services, as well as other industrial services. The company has operations at 82 customer sites and 11 countries.