Press Release AZZ K2
Seale & Associates, Inc. announced that it acted as exclusive financial advisor to AZZ, Inc. (NYSE:AZZ), a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, on the acquisition of K2 Partners, Inc. (“K2”), a privately held 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’s Metal Coatings network of plants to 44 sites in the United States and Canada.
“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.
K2 Partners Inc., a Florida corporation, 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, quick turn jobs. The company’s electroplating and anodizing service provide unique aesthetic, wear and anti-corrosion benefits for steel and aluminum.
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.