BlackArch Partners Advises One Equity Partners on the Sale of Anvil International to Tailwind Capital & Smith-Cooper International
BlackArch Partners LLC is pleased to announce the sale of Anvil International, LLC, a portfolio company of One Equity Partners, to Tailwind Capital. The Company will merge with Smith-Cooper International, Inc., a current portfolio company of Tailwind.
CHARLOTTE, N.C., May 30, 2019 /PRNewswire-PRWeb/ -- BlackArch Partners LLC ("BlackArch") is pleased to announce the sale of Anvil International, LLC ("Anvil" or the "Company"), a portfolio company of One Equity Partners ("OEP"), to Tailwind Capital ("Tailwind"). The Company will merge with Smith-Cooper International, Inc. ("Smith-Cooper"), a current portfolio company of Tailwind.
Anvil (http://www.anvilintl.com), headquartered in Exeter, New Hampshire, is a global designer, manufacturer and provider of high-quality products that connect and support piping systems. The Company provides the most complete suite of multi-product solutions with more than 25,000 SKUs, including branded fittings, couplings, seismic bracing, struts, pipe shields and valves for U.S. and global businesses across the industrial, mechanical, fire protection, mining and energy industries. Anvil offers its products through a curated portfolio of highly regarded brands that include AFCON, JBS, Anvil-Strut, SprinkFLEX, SPF/Anvil, Catawissa, Gruvlok, Beck, Merit, FlexHead, Basic-PSA, North Alabama Pipe, Anvil EPS and Megawatt. The Company's fully integrated operating platform provides best-in-class service, coast-to-coast distribution and a dynamic sourcing and manufacturing model with an unmatched offering of connection and support solutions.
Tom Fish, Chairman of Anvil International, commented on the transaction, "We engaged the BlackArch team based upon their exceptional initial presentation and they subsequently delivered upon all of their promises. The entire team, from the partners to the associate and analyst, were professional and very focused on ensuring that the deal process was smoothly and flawlessly executed. The Anvil business is complex, touches a large number of end markets and is continually changing. The BlackArch team was able to quickly understand the power of the Anvil platform and convey a coherent, compelling story to the market. Their support of our management team helped us to stay focused on driving growth and we were able to complete two critical acquisitions during the transaction process."
Andrew Oliver, Managing Director at One Equity Partners, stated, "We selected BlackArch as an advisor due to their superior understanding of Anvil's business model and end markets, experience in the sector, and dedication to expertly positioning unique and rapidly growing businesses. BlackArch's ability to articulate the Anvil story to the market, excellence in process management, and the entire team's tireless support of management throughout the transaction resulted in the shareholders achieving an optimal outcome."
BlackArch was retained by One Equity Partners to serve as its financial advisor. The transaction continues BlackArch's strong presence in the diversified industrials, distribution and business services sectors and is representative of the firm's focus on providing unique M&A advisory services to market-leading growth businesses. BlackArch also served as financial advisor to Smith-Cooper in its sale to Tailwind in late 2017.
Transaction Highlights
- Tailwind Capital has acquired Anvil International from One Equity Partners and will merge the Company with Smith-Cooper International
- The Company integrates highly strategic domestic manufacturing, international sourcing and broad distribution channels to create the leading North American platform for mission critical connection and support solutions
- The combined entity will provide a world-class offering for its customer base through its unmatched breadth of products and best-in-class service
- Anvil management will continue to grow the business and remain an integral part of the shareholder group during the Company's next phase of growth
- BlackArch leveraged its deep industrial sector and services business model expertise to achieve a superior outcome for management and the shareholders
About Anvil International
Anvil International is one of the largest and most complete manufacturers of pipe fittings, couplings, pipe hangers and piping support systems in the world. For more than 165 years, Anvil has provided the highest quality pipe products and services with integrity and dedication to superior customer service. The Company offers expertise and product solutions for a wide range of applications, from plumbing and mechanical, HVAC, industrial and fire protection, to mining and oil and gas. Anvil offers products and services worldwide. Anvil's portfolio of brands includes AFCON, JBS, Anvil-Strut, SprinkFLEX, SPF/Anvil, Catawissa, Gruvlok, Beck, Merit, FlexHead, Basic-PSA, North Alabama Pipe, Anvil EPS and Megawatt. Its ISO 9001:2008 certified manufacturing facilities are located in PA, TN, TX, AL and RI. For more information, visit http://www.anvilintl.com.
About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit http://www.oneequity.com.
About Smith-Cooper International
Based in Commerce, California, Smith-Cooper International is a leading designer and provider of valves, fittings and related products. Smith-Cooper provides its products through three distinct brands: SCI®, Sharpe® and FPPI®. The company provides over 17,000 SKUs to more than 3,000 customers across diverse end markets that include industrial, fire protection, oil and gas, commercial and residential construction, agriculture, food and chemical processing and waterworks. It operates seven distribution centers across the United States. For more information, visit http://www.smithcooper.com
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within industrial services, business services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 40 portfolio companies and over 90 add-on acquisitions.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, North Carolina, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Please visit our website, http://www.blackarchpartners.com, for more details.
Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.
SOURCE BlackArch Partners
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