CFO Capital served as the exclusive financial advisor to Alpha Galvanizing in its recent acquisition by AZZ, Inc. (NYSE: AZZ). Terms of the deal, which closed on February 1, 2016, were not disclosed. Alpha Galvanizing, located in Atkinson, Nebraska, was founded in 1995 as a subsidiary of Olson Industries, Inc. Co-founder Dan Olson commented, “As we evaluated potential acquirers of Alpha Galvanizing, we wanted to make sure that we found the right partner for our employees, customers, and the local community. CFO Capital helped us find the right buyer for our company, as well as ensure a smooth transaction and integration.”
The transaction did not include Olson Industries’ main business nor its MWC division. Olson Industries is a fabricator of airport lighting canisters, center pivot irrigation systems, and trash containers. The remaining businesses will continue to operate at the company’s headquarters in Atkinson. AZZ, Inc. is a Fort Worth, Texas-based provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The addition of Alpha Galvanizing brings AZZ’s total galvanizing facility count to 43 across North America. Tim Pendley, senior vice president and chief operating officer of Galvanizing Services of AZZ Inc., commented, “We are pleased to enter a new galvanizing market in Nebraska with the acquisition of the assets of Alpha Galvanizing. Our goal is to continue to expand our geographic coverage by offering a broad portfolio of metal protection services, unmatched quality and superior customer service. From a geographic standpoint, the new AZZ Galvanizing-Nebraska is ideally located to support our Midwestern and Denver locations and their customers as needed.” John Gustafson, Managing Director of CFO Capital, added “It was a pleasure to work with the sellers to ensure a strong strategic fit with the new owners, as well as working with AZZ to fulfill their objectives in the region while ensuring a smooth transition.” Comments are closed.
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