AZZ Mergers and Acquisitions Summary

Electrical EquipmentCompany

AZZ has acquired 20 companies, including 12 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

AZZ’s largest acquisition to date was in 2022, when it acquired Precoat Metals for $1.3B. AZZ has acquired in 11 different US states, and 2 countries. The Company’s most targeted sectors include metals/mining (25%) and business services (20%).

Join Mergr and gain access to AZZ’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electrical equipment sector.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity20
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

AZZ

AZZ, Inc.

One Museum Place, Suite 500,
Fort Worth, Texas 76107
United States,
(817) 810-0095
www.azz.com

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 formed in 1956 and is based in Fort Worth, Texas.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.0/yr) # 10 2 4 - 1 3 20
vol $376M $1.3B $1.7B
Sell (0.6/yr) # - - - 3 - - 3
  23

Most Recent M&A

Company Date Value Type
Precoat Metals Corp. 2022-03-07 1.3B USD Divestiture
St. Louis, Missouri · www.precoat.com
DAAM Galvanizing Co. Ltd. 2022-03-01 - Add-on Acquisition
Edmonton, Alberta · www.daamgalvanizing.com
Steel Creek Galvanizing Company LLC 2022-01-03 - Add-on Acquisition
Blacksburg, South Carolina · www.steelcreekgalv.com
Acme Galvanizing, Inc. 2021-01-04 - Add-on Acquisition
Milwaukee, Wisconsin · www.acmegalv.com
AZZ SMS LLC 2020-10-26 - Divestiture
St. Petersburg, Florida
AZZ, Inc. - Galvabar Business 2020-07-21 - Divestiture
Catoosa, Oklahoma
Nuclear Logistics, Inc. 2020-02-11 - Divestiture
Fort Worth, Texas · www.nuclearlogistics.com
Preferred Industries Ltd. 2019-09-30 - Add-on Acquisition
Terrell, Texas · www.preferredcoating.com
NuZinc LLC 2019-08-26 - Add-on Acquisition
Garland, Texas · www.nuzincplating.com
K2 Partners, Inc. 2019-04-12 - Add-on Acquisition
Tampa, Florida · www.centrixpowdercoating.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aquilex Corp. 2013-02-25 HydroChem LLC 2017-10-11 2
Atlanta, Georgia · www.aquilex.com Deer Park, Texas · www.hydrochem.com
Aquilex Corp. 2013-02-25 Inland Industrial Services Group LLC 2013-12-31 1
Atlanta, Georgia · www.aquilex.com Detroit, Michigan · www.teaminland.com
Aquilex Corp. 2013-02-25 Aquilex Specialty Repair and Overhaul LLC 2013-02-25 1
Atlanta, Georgia · www.aquilex.com Atlanta, Georgia

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 5 (25%) 126M (8%) 1 (33%) -
Business Services 4 (20%) 1.5B (92%) 1 (33%) -
Electrical Equipment 4 (20%) - 1 (33%) -
Manufacturing 4 (20%) - - -
Chemicals 2 (10%) - - -
Energy Services and Equipment 1 (5%) - - -
Total 20 $1.7B 3 -

By Geo

State/Country Buy Value Sell Value
United States 19 1.7B 3 -
  Texas 5 - 1 -
  Florida 2 - 1 -
  Wisconsin 2 - - -
  Tennessee 2 - - -
  Georgia 2 250M - -
  Oklahoma 1 126M 1 -
  South Carolina 1 - - -
  Nebraska 1 - - -
  Missouri 1 1.3B - -
  Maryland 1 - - -
  Illinois 1 - - -
Canada 1 - - -
  Alberta 1 - - -
Domestic 19 (95%) 1.7B (100%) 3 (100%) -
Cross-border 1 (5%) - - -
Total 20 $1.7B 3 -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Stifel, Nicolaus & Co., Inc.
1
Legal Deals
Kelly Hart & Hallman LLP
1
Baker & McKenzie LLP
1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 2 $376M
TOTAL $1.7B
Largest Precoat Metals Corp.
$1.3B (2022-03-07)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
20%
4 (20%)
Divested to
Strategic(s)
100%
3 (100%)

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