M&A Deal Summary

Providence Group Acquires Superior Fabrication

On March 1, 2012, private equity firm Providence Group acquired manufacturer Superior Fabrication

Acquisition Highlights
  • This is Providence Group’s 1st transaction in the Manufacturing sector.
  • This is Providence Group’s 1st transaction in the United States.
  • This is Providence Group’s 1st transaction in Virginia.

M&A Deal Summary
Date 2012-03-01
Target Superior Fabrication
Sector Manufacturing
Buyer(s) Providence Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Transact Capital (Financial)

Target

Superior Fabrication

Haysi, Virginia, United States
Superior Fabrication is an OEM manufacturer and fabricator of steel-based components and parts for industrial conveyor systems. Superior manufactures legs, rails, channels, roller supports and brackets, conveyor stands and frames, rollers, anchor pins, chain guards, hangers, stackers, feeder flights, ventilation man-doors, dumpsters, gang-boxes, bots, flanges, hooks, joints and clips. Superior also manufactures / fabricates miscellaneous structural steel parts and components for a variety of commercial and industrial uses. Superior Fabrication is based in Haysi, Virginia.

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Buyer(S) 1

Buyer

Providence Group

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Providence Group is a generalist private equity firm focused on acquiring micro or small companies throughout the Eastern US. Providence targets businesses with $1 to $5 million of EBITDA, strong management in place, and a minimum 10 years of operating history. Providence Group is based in Westbury, New York.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Webster Electric

Collinsville, Mississippi, United States

Webster Electric is a full-service electrical contractor serving industrial, commercial, educational, and institutional clients. The Company is the largest airport lighting contractor in the state of Mississippi and has completed several Intelligent Transportation Systems (I.T.S.) and more Weigh in Motion Truck Scales and static truck weighing systems than any other electrical contractor in the State. Webster Electric was founded in 2000 and is based in Collinsville, Mississippi.

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