M&A Deal Summary

AZZ Acquires Aquilex Specialty Repair and Overhaul

On February 25, 2013, AZZ acquired business services company Aquilex Specialty Repair and Overhaul from Aquilex for 250M USD

Acquisition Highlights
  • This is AZZ’s 2nd transaction in the Business Services sector.
  • This is AZZ’s 2nd largest (disclosed) transaction.
  • This is AZZ’s 5th transaction in the United States.
  • This is AZZ’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2013-02-25
Target Aquilex Specialty Repair and Overhaul
Sector Business Services
Buyer(s) AZZ
Sellers(s) Aquilex
Deal Type Divestiture
Deal Value 250M USD
Advisor(s) Houlihan Lokey (Financial)

Target

Aquilex Specialty Repair and Overhaul

Atlanta, Georgia, United States
Aquilex Specialty Repair and Overhaul LLC, is a global provider of critical recurring and commonly nondiscretionary maintenance, repair and overhaul services to a diverse base of blue-chip customers in the nuclear, fossil power, refining, chemical processing, pulp and waste‐to‐energy industries. Aquilex SRO's proprietary processes and highly-engineered technology solutions provide unique life extension options for critical plant infrastructure and utilize proprietary automated equipment and a specialized workforce.

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Buyer(S) 1

Buyer

AZZ

Fort Worth, Texas, United States

website

Category Company
Founded 1956
Sector Electrical Equipment
Employees3,885
Revenue 903M USD (2022)
DESCRIPTION
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.

AZZ is a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distributions, as well as a provider of hot dip galvanizing services to the North American steel fabrication market. AZZ was founded in 1956 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 5 of 20
Sector (Business Services) 2 of 4
Type (Divestiture) 1 of 4
State (Georgia) 2 of 2
Country (United States) 5 of 19
Year (2013) 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Aquilex

Atlanta, Georgia, United States

Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 U.S. Galvanizing

Hurst, Texas, United States

U.S. Galvanizing LLC is a premier provider of steel corrosion coating services.

Buy -

Seller(S) 1

SELLER

Aquilex

Atlanta, Georgia, United States

website

Category Company
Founded 2006
Sector Energy Services and Equipment
DESCRIPTION

Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-03 HydroChem

Deer Park, Texas, United States

HydroChem LLC is a provider of industrial services, including chemical cleaning, hydroblasting, tank cleaning, and mechanical and industrial vacuuming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 Inland Industrial Services Group

Detroit, Michigan, United States

Inland Industrial Services Group is a provider of industrial cleaning, maintenance and turnaround services to the petrochemical, power, steel, automotive, and oil refinery end‐markets. The company provides routine, daily, and turnaround cleaning and maintenance services, including hydroblasting, vacuuming, chemical cleaning and tank cleaning.

Buy -
Mergr

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