Press Release AZZ NLI
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.