BoyarMiller Assists in Sale of American Alloy, A Client of the Firm Since the Firm’s Founding

Houston, TX (April 29, 2024) – BoyarMiller is pleased to announce its role in the sale of American Alloy Steel, Inc. to Reliance, Inc. (NYSE: RS). Effective April 1, 2024, Reliance acquired all the equity interests of American Alloy as well as its related real estate holdings. Headquartered in Houston, Texas, American Alloy is a leading distributor of specialty carbon and alloy steel plate and round bar in the United States, Canada, Mexico and forty other countries.

BoyarMiller has represented American Alloy since the law firm’s founding in 1990. Co-Founding Shareholder Gary Miller recalls starting on an American Alloy file on his first day on the job. “This is a legendary moment for the firm and our longstanding client,” remarked Gary Miller. “BoyarMiller has been there every step of the way for American Alloy for well over 30 years, and I am so pleased to participate in their sale to a remarkable buyer.” Over the lifetime of the relationship, numerous BoyarMiller attorneys have assisted American Alloy in various matters including corporate, employment, contracts, real estate, mergers and acquisitions, and commercial litigation.

The BoyarMiller team assisting on the sale was led by Shareholder Gary Miller and includes Shareholders Lyndsay Fincher and John Ransom, as well as Associates Mary Pilson and Jet McGuire.

BoyarMiller partnered with American Alloy Founder Art Moore, his son Pat Moore, and the entire executive leadership team for decades to collaborate on the legal implications of the business and the development of a long term strategy. BoyarMiller was often invited to participate in the company’s traditional Friday fried chicken lunch at the headquarters to discuss work and further grow the relationship. For the twelve months ended December 31, 2023, annual net sales for American Alloy were approximately $310 million.

Sadly, Art Moore passed away soon after the transaction was complete, but he was able to see his legacy continue forward with the next two generations of his family running American Alloy under Reliance’s ownership.

About American Alloy Steel, Inc.

American Alloy Steel, Inc. is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. Founded in 1971, American Alloy operates five service centers in the U.S. and a plate fabrication business in Houston. In addition, American Alloy operates through a joint venture in Canada. American Alloy sells to customers located throughout the US, Canada, and Mexico, as well as certain international markets, supporting military, infrastructure, power generation, utility, refining, petrochemical, mining, shipbuilding, and marine applications.

About BoyarMiller

BoyarMiller is a Houston-based law firm that advances client business goals by bringing new possibilities into focus with confidence and clarity to achieve extraordinary outcomes. Since 1990, the firm provides practical and smart business solutions to multinational companies, middle-market businesses and entrepreneurs in need of collaborative and strategic representation. The firm has three practice groups—corporate mergers and acquisitions, real estate, and litigation.

About Reliance, Inc.

Founded in 1939, Reliance, Inc. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of more than 315 locations in 40 states and 12 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and value-added processing services.