Latest news with #PhoenixGlobal
Business Wire
28-05-2025
- Business
- Business Wire
SunCoke Energy, Inc. Enters Into Definitive Agreement to Acquire Phoenix Global
LISLE, Ill.--(BUSINESS WIRE)--SunCoke Energy, Inc. (NYSE: SXC) ('SunCoke') today announced that it has entered into a definitive merger agreement pursuant to which SunCoke, a supplier of high-quality metallurgical coke and logistics services, will acquire all of the common units of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global ('Phoenix'), a privately held provider of mission-critical mill services to major steel producing companies, for $325 million on a cash free, debt free basis. SunCoke will fund the $325 million transaction with existing cash and availability under its undrawn revolving credit facility. Phoenix offers a well-capitalized, superior asset portfolio, having invested approximately $72 million dollars since 2023 in a major capital investment program. With the addition of Phoenix, SunCoke will be diversifying into electric arc furnace operations, including carbon steel and stainless steel mills, and Phoenix's global footprint will add international markets to SunCoke's portfolio. Phoenix's long-term contracts are complementary with SunCoke's earnings and cash flow streams, having attractive fixed revenue components and limited direct exposure to commodity price volatility. The acquisition is expected to be immediately accretive, and to provide between $5 million and $10 million annually of anticipated synergies. The transaction implies an acquisition multiple of approximately 5.4x on a 3/31/25 LTM Adjusted EBITDA (1) of $61 million. The merger agreement, and the transactions contemplated thereby, have been unanimously approved by the boards of directors of both companies and have received the support of a majority of Phoenix's unitholders. 'I am excited to welcome Phoenix Global to the SunCoke family,' said Katherine T. Gates, President and CEO of SunCoke. 'The acquisition of Phoenix is an excellent strategic fit for SunCoke, as it expands and diversifies our customer base and enhances our capabilities as a supplier of industrial services to steelmaking customers. We believe SunCoke's long-term shareholders will benefit from our disciplined approach to growth. This acquisition of a high-quality asset in an adjacent space provides a platform for organic growth and increased shareholder value by leveraging SunCoke's solid balance sheet, strong financial profile, technical expertise, and disciplined investment in assets.' The transaction, which is expected to be completed during the second half of 2025, is subject to the satisfaction of customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other applicable regulatory approvals. SunCoke will review the details of this transaction during a conference call and webcast on May 28, 2025, at 11:00 a.m. Eastern Time. The conference call will be webcast live at and archived for replay in the Investors section of Investors and analysts may participate in this call by dialing 1-833-821-7847 in the U.S. or 1-412-652-1261 if outside the U.S., and asking to be joined into the SunCoke Energy, Inc call. Our news releases, current financial information, SEC filings, and investor presentations also are accessible on our website. (1) See definition of Adjusted EBITDA and reconciliation to GAAP elsewhere in this release. ADVISORS AND COUNSEL Evercore Group L.L.C. is serving as the exclusive financial advisor to SunCoke, and Latham & Watkins LLP is serving as SunCoke's legal advisor. Moelis & Company LLC is serving as the exclusive financial advisor to Phoenix, and Gibson, Dunn & Crutcher LLP is serving as Phoenix's legal advisor. SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at SunCoke routinely announces material information to investors and the marketplace using press releases, Securities and Exchange Commission filings, public conference calls, webcasts, sustainability reports, and SunCoke's website at The information that SunCoke posts to its website may be deemed to be material. Accordingly, SunCoke encourages investors and others interested in SunCoke to routinely monitor and review the information that SunCoke posts on its website, in addition to following SunCoke's press releases, Securities and Exchange Commission filings, sustainability reports, and public conference calls and webcasts. PHOENIX GLOBAL Phoenix Global is a premier provider of mission-critical services to leading, global steel producing companies, helping customers maximize value through its industry expertise, innovation, and technology. Phoenix serves nine customers across 19 steel and stainless steel mill sites in North America, Brazil, Europe and South Africa, and is dedicated to sustainable solutions and maximizing efficiency for the global steel industry with minimal environmental impact. Services include removal, handling, and processing of molten slag at customer sites, as well as preparation and transportation of metal scraps, raw materials, and finished products. NON-GAAP FINANCIAL MEASURES In addition to U.S. GAAP measures, this press release contains certain non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to the measures derived in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for results as reported under U.S. GAAP. Additionally, other companies may calculate non-GAAP metrics differently than we do, thereby limiting their usefulness as a comparative measure. Because of these and other limitations, you should consider our non-GAAP measures only as supplemental to other U.S. GAAP-based financial performance measures, including revenues and net income. Reconciliations to the most comparable GAAP financial measures are included following the presentation of financial and operating results included at the end of this press release. DEFINITIONS EBITDA represents earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization ('EBITDA'), adjusted for any impairments, restructuring costs, gains or losses on extinguishment of debt, site closure costs, bankruptcy related costs, foreign currency gain or loss, temporary transactional employee and consultation costs, loss or gain on asset sales and/or transaction related costs ("Adjusted EBITDA"). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with GAAP. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SunCoke Energy, Inc. intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as 'will,' 'expect,' 'outlook,' 'guidance,' 'projections,' 'anticipate,' 'plan,' 'estimate,' 'target,' 'believe,' 'would,' 'could,' 'may,' 'continue,' 'possible,' 'potential,' 'should' and other similar words and expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding SunCoke's proposed acquisition of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global ("Phoenix"). SunCoke cautions investors that any forward-looking statements, including statements related to anticipated operating results, business strategies and outlook for SunCoke, the anticipated benefits of the acquisition, the anticipated impact of the acquisition on SunCoke's business and future financial and operating results, the expected amount and timing of any synergies and/or other benefits from the acquisition, the anticipated closing date for the acquisition, and other aspects of SunCoke's operations or operating results, are only predictions. These forward-looking statements are based on SunCoke management's current knowledge, beliefs, and expectations and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties, and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements. These risks, uncertainties and other important factors include, but are not limited to: (i) the failure to satisfy the conditions to the completion of the acquisition in a timely manner, or at all; (ii) the completion of the acquisition on anticipated terms and timing; (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (iv) SunCoke's ability to successfully integrate the acquired business or fully realize anticipated synergies or other benefits expected from the acquisition; (v) the ability of SunCoke to implement its plans, forecasts, and/or expectations with respect to the combined business after completion of the acquisition; (vi) SunCoke's ability to develop customer relationships and realize additional opportunities following completion of the acquisition; (vii) the existence of potentially significant costs, fees, expenses, impairments or charges related to the acquisition; (viii) the outcome of any legal proceedings that may be instituted against SunCoke related to the merger agreement or the transactions contemplated thereby; and (ix) unforeseen liabilities, future capital expenditures, indebtedness, losses, pricing trends, future prospects, and management strategies which may adversely affect SunCoke's business, financial condition, operating results and/or trading price of SunCoke's common stock. The foregoing list of risks, uncertainties and factors is not exhaustive, and unlisted factors may present significant additional obstacles to the realization of forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties described in Part I, Item 1A 'Risk Factors' of SunCoke's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as any such factors may be updated from time to time in SunCoke's other reports and filings with the Securities and Exchange Commission (SEC), including without limitation, SunCoke's Quarterly Report on Form 10-Q for the quarterly period ended March 30, 2025, accessible on the SEC's website at Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, SunCoke undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
28-05-2025
- Business
- Yahoo
SunCoke Energy, Inc. Enters Into Definitive Agreement to Acquire Phoenix Global
SunCoke Energy, Inc. to acquire Phoenix Global for $325 million; implies an acquisition multiple of 5.4x 3/31/25 LTM Adjusted EBITDA(1) of $61 million Combined business grows and diversifies SunCoke's customer base, adding electric arc furnace operators and international markets Acquisition strengthens SunCoke's role as a critical partner in the steel value chain and is expected to achieve ~$5 million to $10 million of annual synergies. SunCoke to host conference call and webcast on May 28, 2025, at 11:00 a.m. ET LISLE, Ill., May 28, 2025--(BUSINESS WIRE)--SunCoke Energy, Inc. (NYSE: SXC) ("SunCoke") today announced that it has entered into a definitive merger agreement pursuant to which SunCoke, a supplier of high-quality metallurgical coke and logistics services, will acquire all of the common units of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global ("Phoenix"), a privately held provider of mission-critical mill services to major steel producing companies, for $325 million on a cash free, debt free basis. SunCoke will fund the $325 million transaction with existing cash and availability under its undrawn revolving credit facility. Phoenix offers a well-capitalized, superior asset portfolio, having invested approximately $72 million dollars since 2023 in a major capital investment program. With the addition of Phoenix, SunCoke will be diversifying into electric arc furnace operations, including carbon steel and stainless steel mills, and Phoenix's global footprint will add international markets to SunCoke's portfolio. Phoenix's long-term contracts are complementary with SunCoke's earnings and cash flow streams, having attractive fixed revenue components and limited direct exposure to commodity price volatility. The acquisition is expected to be immediately accretive, and to provide between $5 million and $10 million annually of anticipated synergies. The transaction implies an acquisition multiple of approximately 5.4x on a 3/31/25 LTM Adjusted EBITDA(1) of $61 million. The merger agreement, and the transactions contemplated thereby, have been unanimously approved by the boards of directors of both companies and have received the support of a majority of Phoenix's unitholders. "I am excited to welcome Phoenix Global to the SunCoke family," said Katherine T. Gates, President and CEO of SunCoke. "The acquisition of Phoenix is an excellent strategic fit for SunCoke, as it expands and diversifies our customer base and enhances our capabilities as a supplier of industrial services to steelmaking customers. We believe SunCoke's long-term shareholders will benefit from our disciplined approach to growth. This acquisition of a high-quality asset in an adjacent space provides a platform for organic growth and increased shareholder value by leveraging SunCoke's solid balance sheet, strong financial profile, technical expertise, and disciplined investment in assets." The transaction, which is expected to be completed during the second half of 2025, is subject to the satisfaction of customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other applicable regulatory approvals. SunCoke will review the details of this transaction during a conference call and webcast on May 28, 2025, at 11:00 a.m. Eastern Time. The conference call will be webcast live at and archived for replay in the Investors section of Investors and analysts may participate in this call by dialing 1-833-821-7847 in the U.S. or 1-412-652-1261 if outside the U.S., and asking to be joined into the SunCoke Energy, Inc call. Our news releases, current financial information, SEC filings, and investor presentations also are accessible on our website. (1) See definition of Adjusted EBITDA and reconciliation to GAAP elsewhere in this release. ADVISORS AND COUNSEL Evercore Group L.L.C. is serving as the exclusive financial advisor to SunCoke, and Latham & Watkins LLP is serving as SunCoke's legal advisor. Moelis & Company LLC is serving as the exclusive financial advisor to Phoenix, and Gibson, Dunn & Crutcher LLP is serving as Phoenix's legal advisor. SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at SunCoke routinely announces material information to investors and the marketplace using press releases, Securities and Exchange Commission filings, public conference calls, webcasts, sustainability reports, and SunCoke's website at The information that SunCoke posts to its website may be deemed to be material. Accordingly, SunCoke encourages investors and others interested in SunCoke to routinely monitor and review the information that SunCoke posts on its website, in addition to following SunCoke's press releases, Securities and Exchange Commission filings, sustainability reports, and public conference calls and webcasts. PHOENIX GLOBAL Phoenix Global is a premier provider of mission-critical services to leading, global steel producing companies, helping customers maximize value through its industry expertise, innovation, and technology. Phoenix serves nine customers across 19 steel and stainless steel mill sites in North America, Brazil, Europe and South Africa, and is dedicated to sustainable solutions and maximizing efficiency for the global steel industry with minimal environmental impact. Services include removal, handling, and processing of molten slag at customer sites, as well as preparation and transportation of metal scraps, raw materials, and finished products. NON-GAAP FINANCIAL MEASURES In addition to U.S. GAAP measures, this press release contains certain non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to the measures derived in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for results as reported under U.S. GAAP. Additionally, other companies may calculate non-GAAP metrics differently than we do, thereby limiting their usefulness as a comparative measure. Because of these and other limitations, you should consider our non-GAAP measures only as supplemental to other U.S. GAAP-based financial performance measures, including revenues and net income. Reconciliations to the most comparable GAAP financial measures are included following the presentation of financial and operating results included at the end of this press release. DEFINITIONS EBITDA represents earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted for any impairments, restructuring costs, gains or losses on extinguishment of debt, site closure costs, bankruptcy related costs, foreign currency gain or loss, temporary transactional employee and consultation costs, loss or gain on asset sales and/or transaction related costs ("Adjusted EBITDA"). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with GAAP. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SunCoke Energy, Inc. intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as "will," "expect," "outlook," "guidance," "projections," "anticipate," "plan," "estimate," "target," "believe," "would," "could," "may," "continue," "possible," "potential," "should" and other similar words and expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding SunCoke's proposed acquisition of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global ("Phoenix"). SunCoke cautions investors that any forward-looking statements, including statements related to anticipated operating results, business strategies and outlook for SunCoke, the anticipated benefits of the acquisition, the anticipated impact of the acquisition on SunCoke's business and future financial and operating results, the expected amount and timing of any synergies and/or other benefits from the acquisition, the anticipated closing date for the acquisition, and other aspects of SunCoke's operations or operating results, are only predictions. These forward-looking statements are based on SunCoke management's current knowledge, beliefs, and expectations and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties, and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements. These risks, uncertainties and other important factors include, but are not limited to: (i) the failure to satisfy the conditions to the completion of the acquisition in a timely manner, or at all; (ii) the completion of the acquisition on anticipated terms and timing; (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (iv) SunCoke's ability to successfully integrate the acquired business or fully realize anticipated synergies or other benefits expected from the acquisition; (v) the ability of SunCoke to implement its plans, forecasts, and/or expectations with respect to the combined business after completion of the acquisition; (vi) SunCoke's ability to develop customer relationships and realize additional opportunities following completion of the acquisition; (vii) the existence of potentially significant costs, fees, expenses, impairments or charges related to the acquisition; (viii) the outcome of any legal proceedings that may be instituted against SunCoke related to the merger agreement or the transactions contemplated thereby; and (ix) unforeseen liabilities, future capital expenditures, indebtedness, losses, pricing trends, future prospects, and management strategies which may adversely affect SunCoke's business, financial condition, operating results and/or trading price of SunCoke's common stock. The foregoing list of risks, uncertainties and factors is not exhaustive, and unlisted factors may present significant additional obstacles to the realization of forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties described in Part I, Item 1A "Risk Factors" of SunCoke's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as any such factors may be updated from time to time in SunCoke's other reports and filings with the Securities and Exchange Commission (SEC), including without limitation, SunCoke's Quarterly Report on Form 10-Q for the quarterly period ended March 30, 2025, accessible on the SEC's website at Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, SunCoke undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Reconciliation of Non-GAAP Information Phoenix Global Net Income to Adjusted EBITDA LTM March 31, 2025 (Dollars in millions) Net income $ (43 ) Add: Depreciation and amortization expense 61 Interest expense, net 13 Income tax expense 3 Site closure / impairment costs 11 Transaction related costs 8 Temporary transitional employee and consultation costs 4 Loss / (gain) on asset sales 3 Bankruptcy related costs 1 FX (gain) / loss (0 ) Adjusted EBITDA $ 61 View source version on Contacts Investor/Media Inquiries: Sharon DoyleManager, Investor Relations(630) 824-1907 Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
EPA fines Burns Harbor slag processor $190K for Clean Air Act violations
The U.S. Environmental Protection Agency said last week it will fine a Burns Harbor steel mill slag processor $190,000 in a settlement for federal Clean Air Act violations. Agency documents show Phoenix Global – an on-site contractor for Cleveland-Cliffs Burns Harbor – violated its opacity limits and permits between 2021 and 2023, according to a consent agreement filed in February. The EPA announced the settlement in a release April 23. The agency based its findings on 'observations' from 2020 to 2023. Ted Barry, Chief Administrative Officer and General Counsel for Phoenix Global, based in Radnor, Pennsylvania, declined comment. As part of the settlement, the company is required to set up new equipment to help prevent dust kick-off from the processing plant, slag pits and storage. Slag is a waste byproduct of steel making. It commonly has toxic compounds, like manganese, chromium, lead, and arsenic, according to the EPA's release. The EPA fined Cleveland-Cliffs Burns Harbor $248,000 in August for Clean Air Act violations, dating back to when ArcelorMittal owned the mill. The settlement also required Cleveland-Cliffs to implement pollution controls. The EPA's website shows 52,000 people live within five miles of the steel mill. Cleveland-Cliffs bought ArcelorMittal's U.S. steel mills in December 2020. mcolias@
Chicago Tribune
01-05-2025
- Business
- Chicago Tribune
EPA fines Burns Harbor slag processor $190k for Clean Air Act violations
The U.S. Environmental Protection Agency said last week it will fine a Burns Harbor steel mill slag processor $190,000 in a settlement for federal Clean Air Act violations. Agency documents show Phoenix Global – an on-site contractor for Cleveland-Cliffs Burns Harbor – violated its opacity limits and permits between 2021 and 2023, according to a consent agreement filed in February. The EPA announced the settlement in a release April 23. The agency based its findings on 'observations' from 2020 to 2023. Ted Barry, Chief Administrative Officer and General Counsel for Phoenix Global, based in Radnor, Pennsylvania, declined comment. As part of the settlement, the company is required to set up new equipment to help prevent dust kick-off from the processing plant, slag pits and storage. Slag is a waste byproduct of steel making. It commonly has toxic compounds, like manganese, chromium, lead, and arsenic, according to the EPA's release. The EPA fined Cleveland-Cliffs Burns Harbor $248,000 in August for Clean Air Act violations, dating back to when ArcelorMittal owned the mill. The settlement also required Cleveland-Cliffs to implement pollution controls. The EPA's website shows 52,000 people live within five miles of the steel mill.
Cision Canada
29-04-2025
- Business
- Cision Canada
Phoenix Global Partners with Syntax for SAP Cloud Transformation Français
Syntax guides successful SAP S/4HANA Cloud implementation for metals and mining services leader; Phoenix Global to share transformation journey at SAP Sapphire 2025 MONTREAL, April 29, 2025 /CNW/ -- Syntax Systems, a leading global technology solutions and services provider for cloud application implementation and management, today announced the success of its partnership with Phoenix Global to support the company's SAP cloud transformation. With the help of Syntax, Phoenix Global, a world leader in metals and mining services, has transitioned from legacy systems to SAP S/4HANA® Cloud Public Edition, creating a future-ready business and unified digital ecosystem that drives real-time visibility, performance, and competitive advantage. Founded in 2006, Phoenix Global offers a full suite of integrated solutions, including slag handling, metal recovery, scrap management, logistics, material handling, dust control, surface mining, and on-site support services. As the company rapidly expanded from six U.S. facilities to 20 operating sites worldwide, disparate IT systems led to data silos and fragmented processes. To address these challenges, Phoenix Global chose to partner with Syntax, an SAP Platinum partner, to help guide its SAP cloud transformation. "A trusted partner is essential to the success of any ERP transformation," said Jeff Suellentrop, chief information and technology officer at Phoenix Global. "Syntax brought exceptional SAP expertise, industry knowledge, and dedication to our success, helping us to bring our business into the future with capabilities that are reshaping the steel services industry." Phoenix Global's SAP cloud transformation has delivered significant benefits, including: 80 percent reduction in process and technical debt, leveraging SAP and Syntax best practices 25 percent decrease in IT operating costs with a 10x increase in functionality Real-time insights across plants and equipment and integration of AI for fleet optimization "Phoenix Global showcases the transformative power of innovation when embraced by a forward-thinking organization," said Christian Primeau, global CEO at Syntax. "Our partnership with Phoenix Global has been tremendous, and we will continue to work closely with their team as they evolve and grow their business with SAP technologies." Syntax tailored the SAP implementation to Phoenix Global's unique operational and business needs, drawing on its proven industry-specific expertise. For more than 20 years, Syntax has helped customers in the mining and metals industry transform their business and operations with SAP software solutions, helping leaders modernize complex, asset-intensive operations with integrated, cloud-based ERP solutions that support production efficiency, supply chain visibility, and regulatory compliance. Phoenix Global to Share Its Cloud Journey at SAP Sapphire 2025 Jeff will present the company's SAP cloud journey at SAP Sapphire 2025, which will take place May 19-21 in Orlando, Florida. His session will highlight how Phoenix Global leveraged SAP S/4HANA Cloud Public Edition through GROW with SAP as the cornerstone of its digital transformation strategy. Attendees will also learn how the company is harnessing the power of AI to overcome business process and technology challenges, driving innovation and operational excellence across the organization. To learn more about the Phoenix Global implementation, watch the customer success story. About Phoenix Global Phoenix Global is a world leader in metals and mining services, helping customers maximize value through its industry expertise, innovation, technology, and a steadfast commitment to safety in the workplace. Phoenix provides customers with world-class services and sustainable solutions that ensure site performance and exceptional results. To learn more, visit About Syntax Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses' mission-critical applications in the cloud. With 50 years of experience and 900+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, AWS, Microsoft, and other global technology leaders to ensure customers' applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices.
