M&A Deal Summary

AZZ Acquires Precoat Metals

On March 7, 2022, AZZ acquired business services company Precoat Metals from Chromalloy for 1.3B USD

Acquisition Highlights
  • This is AZZ’s 4th transaction in the Business Services sector.
  • This is AZZ’s largest (disclosed) transaction.
  • This is AZZ’s 19th transaction in the United States.
  • This is AZZ’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-03-07
Target Precoat Metals
Sector Business Services
Buyer(s) AZZ
Sellers(s) Chromalloy
Deal Type Divestiture
Deal Value 1.3B USD

Target

Precoat Metals

St. Louis, Missouri, United States
Precoat Metals is an independent provider of metal coil coating solutions in North America. Precoat engages in the advanced application of protective and decorative coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation and air conditioning (HVAC); container; transportation, and other end markets. It operates a network of 13 strategically located manufacturing facilities with 15 coating lines and 17 value-added processing lines. Precoat Metals was formed in 1961 and is based in St Louis, Missouri.

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Buyer(S) 1

Buyer

AZZ

Fort Worth, Texas, United States
Category Company
Founded 1956
Sector Electrical Equipment
Employees3,873
Revenue 1.5B USD (2024)
DESCRIPTION
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.

AZZ is an electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distribution, 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 20 of 20
Sector (Business Services) 4 of 4
Type (Divestiture) 4 of 4
State (Missouri) 1 of 1
Country (United States) 19 of 19
Year (2022) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 DAAM Galvanizing

Edmonton, Alberta, Canada

DAAM Galvanizing is a galvanizing company that delivers end-to-end corrosion protection solutions for steel structures that are guaranteed to last a lifetime. DAAM Galvanizing was founded in 1954 and is based in Edmonton, Alberta.

Buy -

Seller(S) 1

SELLER

Chromalloy

Palm Beach Gardens, Florida, United States
Category Company
Sector Aerospace
DESCRIPTION

Chromalloy is an independent provider of aftermarket engine parts and repairs to the commercial aerospace, military aerospace, and energy end markets. The Company's capabilities include advanced engineering, design, manufacturing, and repair solutions. Chromalloy has facilities in North America, Europe, and Asia. Chromalloy is based in Palm Beach Gardens, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Thermo Wisconsin

United States

Thermo Wisconsin, Inc. is a manufacturer of process drying equipment, air polution control equipment, and web and air handling systems.

Buy -
Mergr

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