Press Release AZZ P
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.