JP Morgan and BlackArch Partners were financial advisers to Anvil for the transaction and Dechert served as its legal adviser. The transaction is expected to close in the second-quarter 2019 and is subject to customary closing conditions. Smith, North Alabama Pipe, Megawatt, SCI, Sharpe, SPF/Anvil and SprinkFLEX. The combined company will be a designer, manufacturer and provider of products that connect and support piping systems, with a portfolio of global brands including AFCON, Anvil, Anvil EPS, Anvil-Strut, Basic-PSA, Beck, Catawissa, Cooplok, Cooplet, FlexHead, FPPI, Gruvlok, J.B. No changes to either company’s facilities footprint are anticipated at this time as a result of the combination. We have many terrific opportunities ahead and I look forward to partnering with Jason and our teams to drive the long-term growth of our business.” “Bringing together Anvil and Smith-Cooper is a unique opportunity to significantly expand the strong and complementary capabilities of both organizations,” Hild said in a statement.įish added in the release: “Together, we will be positioned to offer a wider breadth of products and best-in-class service that our combined customer base wants, needs and deserves. All additional members of Anvil’s and Smith-Cooper’s senior management teams will remain with the combined company. Tom Fish, president and CEO of Anvil, will serve as chairman. Upon closing, Jason Hild, currently CEO of SCI, will serve as CEO of the combined company. Together, Anvil and Smith-Cooper are expected to offer a more comprehensive product portfolio to national, regional and local distributors across North America serving the industrial, commercial, fire protection, energy and mining end markets, according to the company release. Terms of the merger transaction were not disclosed. The combined company will be majority owned by private-equity firm Tailwind Capital, which had bought out Smith-Cooper in December 2017. Anvil International and Smith-Cooper International (SCI) agreed to merge, said the pipe, valves and fittings distribution companies in a joint press release on April 26.
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