Seale Advised AZZ on the Acquisition of K2 Partners
Seale & Associates announced that it acted as the exclusive financial advisor to AZZ, Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialized electrical equipment, and high-engineered services for the power generation, transmission, distribution, and industrial markets, in the acquisition of K2 Partners, Inc. (“K2”), a private provider of powder coating and electroplating services to customers in the Midwest and Southeast from locations in Texas and Florida.
Through the acquisition, AZZ gains the powder coating operations of Centrix Powder Coating in Tampa, Florida, and the powder coating and electroplating operations of Cimcon Finishing in Garland, Texas. The acquisition increases AZZ Metal Coatings' plant network to 44 sites in the United States and Canada.
"We are pleased to have the opportunity to continue assisting AZZ in expanding its metal coatings business, adding unique capabilities in coatings and powder coatings," stated Robert Whitney, Managing Director of Seale & Associates.
About K2 Partners
K2 Partners Inc., a Florida-based company, has provided regional powder coating and electroplating services to customers in Texas and Florida since 1994. With 75,000 square feet of production space, K2 offers customers high-quality powder coating services through the use of automated powder coating lines optimized for high-volume and quick-turn jobs. The company's electroplating and anodizing service provides unique aesthetic, wear, and anti-corrosion benefits for steel and aluminum.
About AZZ
AZZ Inc. is a global provider of metal coating services, welding solutions, specialized electrical equipment, and high-engineered services for the power generation, transmission, distribution, and industrial markets in protecting metals and electrical systems used to build and enhance the world's infrastructure.
AZZ's Metal Coatings segment is a leading provider of metal finishing solutions for corrosion protection, including hot-dip galvanizing for the North American steel manufacturing industry. AZZ's Energy segment is dedicated to safe and reliable power transmission from generation sources to end customers, as well as automated weld overlay solutions for corrosion and erosion mitigation in critical infrastructure in energy markets worldwide. For more information, visit www.azz.com.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.
