M&A Deal Summary

Synalloy Acquires Specialty Pipe & Tube

On November 21, 2014, Synalloy acquired energy services and equipment company Specialty Pipe & Tube from Ferguson Waterworks for 32M USD

Acquisition Highlights
  • This is Synalloy’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Synalloy’s 2nd largest (disclosed) transaction.
  • This is Synalloy’s 3rd transaction in the United States.
  • This is Synalloy’s 1st transaction in Ohio.

M&A Deal Summary

Date 2014-11-21
Target Specialty Pipe & Tube
Sector Energy Services and Equipment
Buyer(s) Synalloy
Sellers(s) Ferguson Waterworks
Deal Type Divestiture
Deal Value 32M USD
Advisor(s) BB&T Capital Markets (Financial)

Target

Specialty Pipe & Tube

Mineral Ridge, Ohio, United States
website
Specialty is a distributor of hot finish, seamless, carbon steel pipe and tubing, with an emphasis on large outside diameters and exceptionally heavy wall thicknesses. Founded in 1964, Specialty’s products are primarily used for mechanical and high pressure applications in the oil & gas, capital goods manufacturing, heavy industrial, and construction equipment industries.

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Buyer(S) 1

Buyer

Synalloy

Richmond, Virginia, United States

website


Category Company
Founded 1945
Sector Metals/Mining
Employees526
Revenue 256M USD (2020)
DESCRIPTION

Synalloy is a structured as a holding company currently comprised of two major groups: Metals and Chemicals. Synalloy was founded in 1945 and is based in Richmond, Virginia.


DEAL STATS #
Overall 3 of 5
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Ram-Fab

Crossett, Arkansas, United States

Ram-Fab is a fabricator of custom piping systems. Ram-Fab regularly works with both carbon and exotic metals and can provide complete turnkey fabrication solutions. They serve multiple market segments, including the petro-chemical, water/wastewater, mining, and heavy manufacturing industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Universal Stainless

Bridgeville, Pennsylvania, United States

Universal Stainless is a producer of semi-finished and finished specialty steel long products and plate, including nickel alloy, stainless steel, tool steel and aircraft quality low alloy steels, in a wide variety of grades and product forms. Universal Stainless founded in 1994 and is based in Bridgeville, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Ferguson Waterworks

Newport News, Virginia, United States

website


Category Company
Founded 1953
Sector Distribution
Employees1,900
DESCRIPTION

Ferguson is a diverse wholesale distributor with operations spanning multiple business groups. The company is ranked by trade publications as the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings(PVF) in the US. It is also the fourth largest distributor of heating and cooling equipment (HVAC/R) and the second largest company within the waterworks industry.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 HP Products

Indianapolis, Indiana, United States

HP Products Corp. is a distributor of janitorial, safety, packaging and laundry/dietary products serving customers in a variety of industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Builders Appliance Center

Englewood, Colorado, United States

Builders Appliance Center LLC is a luxury appliance dealer.

Buy -