Pritzker Organization Inks $1B Deal For Industrial Services Co.

Law360, Los Angeles (August 26, 2013, 4:02 PM EDT) -- The Pritzker Organization LLC has signed a definitive agreement to acquire Pittsburgh-based steel mill industrial services provider TMS International Corp. in an all-cash transaction valued at approximately $1 billion, including refinanced third‐party debt, the companies announced Monday.

TMS has said it is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and is steadily growing internationally. Under the merger deal, TMS stockholders will receive $17.50 in cash for each share of TMS class A common stock and class...
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