Seale & Associates Advises on Sale of the Texas Precision Machining Business of PCX Aerosystems

MANSFIELD, TEXAS — Seale & Associates, Inc. announced that it acted as exclusive financial advisor to RFE Investment Partners on the sale of the Texas Precision Machining Business (PCX Texas) of portfolio company PCX Aerosystems to an affiliate of Harlow Aerostructures LLC. PCX Texas, based in Mansfield, Texas, offers large structural airframe parts and assemblies to premier aerospace OEMs and Tier 1 suppliers on a range of commercial and military platforms.

“We are pleased to have had the opportunity to advise the RFE and PCX teams on this transaction and to help them achieve an exceptional outcome,” said Robert Whitney, Managing Director.

PCX Aerosystems, headquartered in Newington, Connecticut, is a premier supplier of advanced mechanical systems for leading aerospace OEM’s. The company specializes in the manufacture of highly-engineered products and assemblies from hard alloys, including steel, titanium, and Inconel, where tight tolerances and quality are imperative. PCX also provides integrated special processing services such as heat treating, painting, and non-destructive testing. 

Harlow Aerostructures LLC, located in Wichita, Kansas, has been a supplier to the aerospace industry since 1954. With a wide range of aerospace manufacturing capabilities, it produces components from large bulkheads, spars, chords, stringers, to small bushings, bolts, pins and bearings. The company has developed prototypes for several aircraft throttle quadrants and monolithic structural components.

Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.

By | August 28th, 2020|Engagements, News|0 Comments

Seale & Associates advises Zinc Nacional on the acquisition of the Zinc Recycling Business of Harz-Metall

Goslar, Germany. Jean Goldschmidt International S.A. (“JGI”) and Zinc Nacional S.A. (“ZN”) have entered into an agreement to acquire the Zinc Recycling Business (“ZRB”) of Harz-Metall GmbH (“HMG”) located next to the historical town of Goslar in Lower Saxony. The transaction closing is subject to different closing conditions in particular with regard to the transfer of the real estate of HMG.

HMG is a leading specialist for resource-friendly recycling of lead and zinc. ZRB is a business unit of HMG, a German company that recycles electric-arc furnace dust provided by the steel industry in Europe. As a result of this recycling process, ZRB produces waelz oxides that are distributed to leading refineries in Europe.

HMG was part of the German Recylex group and applied for protective shield proceedings on 14 May 2020. On 1 August 2020, insolvency proceedings have been opened as debtor-in-possession-proceedings (Eigenverwaltungsverfahren).

JGI and ZN have conducted business for more than 10 years. For purposes of this acquisition, JGI and ZN established Harz Oxid GmbH (“HZO”) a joint venture where each company holds equal ownership interests. HZO will respect and protect the rich heritage of ZRB in the region. HZO understands the deep connections that ZRB has in Germany and with its supplier-customer base, and as such, it will continue to invest in the business to ensure high quality product offerings and to be an environmental custodian in the region.

JGI SA (www.jgi-hydrometal.be) is a company specialized in the trading of non-ferrous metals bearing materials and owns the company HYDROMETAL SA, specialized in the recycling of non-ferrous metals from complex materials. JGI is subsidiary of Silox SA (www.silox.com) a Belgium based group specialized in inorganic chemistry. The group manufactures and markets mostly sulphur and non-ferrous metal derivatives, with a focus on zinc.

ZN (www.zincnacional.com) is a fourth-generation family-owned business based in Monterrey, Mexico, with over 60 years of experience in zinc recycling and value-added zinc compounds production. ZN has zinc recycling plants in Mexico, South Korea, Turkey, and the United States. ZN is a subsidiary of Grupo Promax (www.gpromax.com), a Mexico based group specialized in building products and zinc products.

Linklaters (www.linklaters.com) and Hogan Lovells (www.hoganlovells.com) acted as legal advisors for JGI and ZN respectively. Seale & Associates (www.sealeassociates.com) acted as financial advisor to ZN. Dentons (www.dentons.com) and IMAP (www.imap.com) acted as legal and financial advisors respectively for HMG.

By | August 21st, 2020|Blog, Engagements, News, Uncategorized|0 Comments

Seale & Associates Advises Caffenio and Cafes Tomari on partnership

Seale & Associates announced that it acted as exclusive financial advisor to the shareholders of Café del Pacífico, S.A.P.I. de C.V. (“Caffenio”) and Cafes Tomari S.A de C.V., on their partnership.

As a result of the transacion, both companies created Cosecha Bienestar. Cosecha Bienestar is composed of 3 coffee mills in the southeast of the country. As part of the association a long term supply contract was signed to provide a significant part of Caffenio’s coffee needs.

“This transaction will allow Caffenio to be assured of a supply of good quality coffee to meet the commitments made with Oxxo in the supply of Andatti Coffee” said Sergio Garcia del Bosque, Managing Director of Seale & Associates.

As Caffenio made a commitment with Oxxo’s Café Andatti, it partnered with Cafes Tomari to collect coffee from small suppliers and with this remove the risk for Caffenio as well as assuring a purchase from Cafes Tomari.

Founded in 1941, Caffenio is a leading Mexican roaster and producer of coffee and coffee related products based in Hermosillo, Sonora. The business distributes its products to convenience stores, supermarkets, restaurants, and hotels, as well as through its company-owned stores “Tiendas Caffenio”.

Founded on November 15, 1986, Cafés Tomari is a family business dedicated to the purchase, sale, processing and export of green and processed coffee, of national origin, for internal consumption and export. Its center of operations is located in the city of Xalapa, Veracruz, Mexico.

Seale & Associates, headquartered in Arlington, Virginia is a global investment banking firm with presence in Monterrey, Mexico City, Miami and 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, please visit www.sealeassociates.com.

By | May 6th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises Grupo Educativo IEJV on Sale of their business to Nacer Global

SAN LUIS POTISI, MEXICO – Seale & Associates announced that it acted as exclusive financial advisor to the shareholders of Grupo Educativo IEJV (“IEJV”) on the sale of their business to Nacer Global.

IEJV network comprises two high schools and one higher education institution with more than 4,300 students. IEJV collaborates closely with the private sector to provide students with the skills and experience that employers require. IEJV education institutions offer a wide range of courses from technical degrees up to doctorate studies.

“IEJV is one of the leading educational institutions in San Luis Potosi and has managed to gain incredible market recognition due to its high-quality education and affordable tuition fees” said Sergio Garcia del Bosque, Managing Director of Seale & Associates.

The transaction will allow Nacer Global to strengthen its market presence as well as increase its future growth plans.

Nacer Global is a leading Mexican conglomerate with interests in education and media. Nacer Global education network comprises more than 250,000 students, over 7,000 professors, 14 brands and 82 higher education institutions. Its network includes institutions such as Colegio Morelos, Quick Learning, Universidad de Ecatepec, Universidad Icel, Universidad Lucerna, Universidad Victoria, UNIDEP among other. Additionally, Nacer Global owns “El Economista” one of Mexico’s leading news outlets.

Seale & Associates, headquartered in Arlington, Virginia is a global investment banking firm with presence in Monterrey, Mexico City, Miami and 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, please visit www.sealeassociates.com.

By | March 30th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises AZZ on Sale of NLI to Paragon

Seale & Associates, Inc. announced that it acted as exclusive financial advisor to AZZ, Inc. (NYSE: AZZ) on the divestiture of Nuclear Logistics LLC (NLI), a designer, manufacturer and distributor of safety-related equipment for nuclear facilities, to Paragon Energy Solutions, a distributor of products and services including repair of I&C equipment, reverse engineered products. The divestiture is part of AZZ’s strategy to focus on their core businesses and markets.
“We are pleased to have the opportunity to continue to assist AZZ in the shaping of their portfolio and to successfully complete the divestiture of NLI to a strategic buyer,” said Robert Whitney, Managing Director at Seale & Associates.
Paragon Energy Solutions, has provided an unmatched commitment to the nuclear industry’s most difficult challenges with customized solutions. Dedicated to quality, safety, and reliability, Paragon prides itself on delivering premium products and services including repair of I&C equipment, reverse engineered products, solving obsolescence, commercial grade dedication / qualification, just-in-time inventory, and innovative supply chain solutions. Paragon is committed to the nuclear industry and providing support to nuclear energy facilities worldwide.
AZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal 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 to the North American steel fabrication industry. AZZ’s Energy Segment is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.
Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.
By | March 3rd, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises Oxbow on Sale of Oxbow Activated Carbon to a Private European Investor Group

Seale & Associates, Inc. announced that it advised Oxbow Carbon LLC on the sale of its Oxbow Activated Carbon business, a leading global provider of activated carbon filtration and purification solutions to customers across a broad range of industries and applications, to a European investor group with over 15 years’ of experience operating activated carbon businesses. The business has been re-named Puragen Activated Carbons and operates as a provider of superior, cost-effective activated carbon solutions.
“We are pleased to have completed another successful transaction for Oxbow and appreciate their continued trust in Seale & Associates,” said Robert Whitney, Managing Director.
Oxbow Carbon LLC, headquartered in West Palm Beach, Florida, is one of the nation’s largest private companies. The company is the world’s leading marketer of petroleum coke and calcined coke, and trades in other carbon and industrial products such as coal, gypsum, met coke and anthracite. Oxbow has significant operating assets globally including sea and land terminals, calcining plants, pet coke upgraders, and transportation assets. Oxbow has offices or facilities in approximately 25 countries and conducts business in almost 100 countries around the world.
Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.
By | February 17th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates advises NAMCE on sale of Sanitaryware Business to Globe Union

SALTILLO, MEXICO – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to NAMCE S. de R.L. de C.V., a ceramic sanitaryware manufacturer located in Saltillo, Mexico, on the sale of sanitaryware business to Globe Union Industrial Corporation (TPE: 9934), a global manufacturer of plumbing products sold into commercial and residential markets under the Gerber and Danze brands in North America. The acquisition provides future growth opportunities for Gerber branded products by increasing ceramic sanitaryware capacity in North America and diversifying the company’s supply base. With this acquisition, Globe Union will continue to enhance the supply of high-quality ceramic sanitaryware products and reduce lead time as it provides an established, successful manufacturing plant closer to its core North American market. The transaction was announced in September 2019.
“Seale has remained active in advising multinational clients in the building products sector, and in particular the bathroom products segment, going on 20 years,” said Brett Carmel, Senior Managing Director. “We originally advised Grupo Industrial Saltillo on the sale of their ceramic sanitaryware business to Villeroy & Boch in 2006. We later advised the shareholders of NAMCE on the acquisition of the Saltillo sanitaryware plant from Villeroy & Boch in 2011. Now, we are pleased to have had the opportunity to advise the shareholders of NAMCE on the sale of this sanitaryware plant to Globe Union. It is a rare privilege as an advisor to have had the opportunity to sell, acquire and sell again the same strategic production asset. We are honored to have earned the trust, confidence and respect of the key players in the sanitaryware industry.”
Globe Union Industrial Corporation (TPE:9924), headquartered in Taichung, Taiwan, is one of the world’s largest suppliers of plumbing products, including faucets, showerheads, bath accessories, porcelain fixtures and related hardware under various brand names, including Gerber and Danze in North America. Since 1932, Gerber Plumbing Fixtures has been a leading manufacturer of vitreous china plumbing fixtures, faucets, and fittings for the residential, commercial and hospitality construction markets in the United States and Canada. As of September 2019, the company had total LTM sales of approximately US$560 million (NTD$17.350 billion).
NAMCE S. de R.L. de C.V., headquartered in Saltillo, Mexico, manufactures, markets and distributes ceramic sanitaryware bathroom products.
Seale & Associates, Inc., headquartered in Arlington, Virginia, 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 providing innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.
By | January 19th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises AZZ (NYSE: AZZ) on Two Additional Acquisitions in 2019

Seale & Associates, Inc. announced that it acted as exclusive financial advisor to AZZ, Inc. (NYSE: AZZ) on the acquisitions of Preferred Industries, Ltd. (Preferred), a privately held provider of powder coating services to customers in the Dallas-Fort Worth area and NuZinc, LLC, a privately held plating company in the Dallas-Fort Worth area. Through the acquisition of Preferred, AZZ gains its powder and e-coating operations, as well as its employees, which are based in a 155,000 square foot facility in Terrell, and an 89,600 square foot facility in Rowlett, Texas. Through the NuZinc acquisition, AZZ gains the plating operations, employees, and 29,000 square foot facility located in Garland, Texas. The acquisition of these facilities will integrate with the existing powder coating and plating operations AZZ operates in the area.

“We are pleased to have the opportunity to continue to assist AZZ in expanding its metal coatings business, adding unique capabilities in powder coating and plating,” said Robert Whitney, Managing Director at Seale & Associates.

Preferred Industries, Ltd., has provided regional powder coating and electroplating services to customers in Texas for 35 years. With 244,600 square feet of production space and with locations in Rowlett and Terrell, Texas, the company is a leader in powder coating and industrial wet paint services in the Dallas-Fort Worth Metroplex.

NuZinc, LLC, headquartered in Garland, Texas, has provided regional powder coating, galvanizing and electroplating services to customers in Texas since 1993. With 29,000 square feet of production space, provides electroplating services to several industries in the Dallas-Fort Worth area.

AZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal 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 to the North American steel fabrication industry. AZZ’s Energy Segment is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.

Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.

By | January 10th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale Advises Triumph Group, Inc. on the Sale of its Nashville Operations to TECT Aerospace

NASHVILLE, TENNESSEE – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Triumph Group, Inc. (NYSE:TGI) on the sale of its Nashville operations to affiliates of TECT Aerospace. The Nashville based operations offer build-to-print, higher-level assembly capability including structural aircraft subassembly, as well as long and large part machining, processing, forming, and painting. The site employs approximately 300 people who support wing skin assembly and machining of stringers and spars. The two million square foot site has served the aviation, defense and transportation industries for 80 years under a variety of owners.

“Triumph continues to make great progress on its multi-year transformation plan to reshape its portfolio. We are pleased to have had the opportunity to assist them again in executing that plan,” said Robert Whitney, Managing Director. “We believe this transaction is a win for all involved and wish TECT and the Nashville team future success with the business.”

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

TECT Aerospace manufactures high-precision, complex components and assemblies and specializes in global supply chain management, featuring TECT Hypervelocity®, a fully integrated manufacturing process producing high-speed aluminum monolithic parts capable of jig and jigless assembly.

Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.

By | January 6th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale Advises Oxbow Carbon on the Sale of Oxbow Sulphur to H.J. Baker & Bro.

WEST PALM BEACH, FLORIDA – Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to Oxbow Carbon, LLC (“Oxbow”) on the sale of Oxbow Sulphur (“Sulphur”), a leading sulphur and sulphur-based products distribution, marketing, and trading company moving more that 4 million tons annually, with over US$500M in annual sales, to H.J. Baker & Bro, LLC, (“H. J. Baker”) a global manufacturer and supplier in the animal health, nutrition, and sulphur industries.

“We’re proud to have served Oxbow once again on another important transaction” said Jim Seale, President of Seale & Associates. Carlos Hernandez, Managing Director, added: “While this was a complex project operating on a global scale, we enjoyed working with Oxbow and H. J. Baker to solve the many interesting challenges in this transaction”.

Oxbow Sulphur, formerly known as ICEC, is the largest independent marketer of sulphur and sulphur-based products in the world. Sulphur serves refineries and gas producers, as well as fertilizer producers, mining companies, and other clients in a wide range of industries. The company owns the largest independent sulphur rail car fleet in North America, and is present in 15 countries, with operations and facilities in Canada and the United Kingdom, as well as sales offices in the United States, Canada, Kazakhstan, China, Singapore, and the Netherlands.

Oxbow Carbon, LLC, headquartered in West Palm Beach, Florida, is one of the nation’s largest private companies. The company is the world’s leading marketer of petroleum coke and calcined coke, and trades in other carbon and industrial products such as coal, gypsum, met coke, anthracite, and activated carbon. Oxbow has significant operating assets globally including sea and land terminals, calcining plants, pet coke upgraders, and transportation assets. Oxbow has offices or facilities in approximately 25 countries and conducts business in almost 100 countries around the world.

H.J. Baker & Bro., LLC, headquartered in Shelton, Connecticut, is a global manufacturer and supplier of products in the animal health, nutrition, and sulphur industries. Founded in 1850, the company offers crop nutrients, including micronutrients, organic fertilizers, and sulphur fertilizers; elemental sulphur products; and feed ingredients, including protein concentrates, dairy by-pass protein supplements, and feed fats for the poultry, dairy, swine, and aquaculture industries.

Seale & Associates, Inc., headquartered in Arlington, Virginia, 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, please visit www.sealeassociates.com.

By | September 18th, 2019|Blog, Engagements, News, Press Releases|0 Comments