M&A Deal Summary

BrandSafway Acquires Covan’s Insulation

On September 9, 2024, BrandSafway acquired business services company Covan’s Insulation

Acquisition Highlights
  • This is BrandSafway’s 6th transaction in the Business Services sector.
  • This is BrandSafway’s 11th transaction in the United States.
  • This is BrandSafway’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2024-09-09
Target Covan’s Insulation
Sector Business Services
Buyer(s) BrandSafway
Deal Type Add-on Acquisition

Target

Covan’s Insulation

Donalds, South Carolina, United States
Covan’s Insulation is an insulation business serving the industrial sector. It specializes in the insulation of process piping, tanks, chillers, HVAC mechanical systems and plumbing systems as well as removable insulation pads. Covan’s Insulation is headquartered in Donalds, South Carolina.

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Buyer(S) 1

Buyer

BrandSafway

Atlanta, Georgia, United States

Category Company
Founded 1919
Sector Business Services
Employees38,000
DESCRIPTION

BrandSafway is a provider of specialized services to the global energy, industrial, and infrastructure markets. Its range of service offerings includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring, and other complementary specialty services. Brand delivers its services through a network of more than 370 branches on six continents, with a focus on the major hydrocarbon and power generation markets globally. BrandSafway was founded in 1919 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 15 of 15
Sector (Business Services) 6 of 6
Type (Add-on Acquisition) 14 of 14
State (South Carolina) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Gerüstbau Muehlhan

Hamburg, Germany

Gerüstbau Muehlhan is a full-service scaffolding provider that offers scaffold design, installation and dismantling services for customers in various end markets. Gerüstbau Muehlhan was founded in 1999 and is based in Hamburg, Germany.

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