M&A Deal Summary

W&W AFCO Steel Acquires Hirschfeld Industries

On February 8, 2018, W&W AFCO Steel acquired metals/mining company Hirschfeld Industries from Insight Equity

Acquisition Highlights
  • This is W&W AFCO Steel’s 1st transaction in the Metals/Mining sector.
  • This is W&W AFCO Steel’s 1st transaction in the United States.
  • This is W&W AFCO Steel’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-02-08
Target Hirschfeld Industries
Sector Metals/Mining
Buyer(s) W&W AFCO Steel
Sellers(s) Insight Equity
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)
Hunton & Williams LLP (Legal)

Target

Hirschfeld Industries

San Angelo, Texas, United States
Hirschfeld Industries is a fully integrated fabricator of highly engineered structural steel components. The company serves a wide range of end markets including transportation infrastructure, industrial development, commercial construction, and power generation. With ten facilities providing a national presence, Hirschfeld is a major participant in the expansion and redevelopment of the U.S. transportation and energy infrastructure systems, both publicly and privately funded.

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Buyer(S) 1

Buyer

W&W AFCO Steel

Oklahoma City, Oklahoma, United States
Category Company
Founded 1909
Sector Metals/Mining
DESCRIPTION

W&W AFCO Steel is one of the largest and most experienced structural steel fabricators and erectors in the nation. With a diverse resume of successfully completed projects, W&W AFCO Steel can provide services to fit any project size and degree of complexity, both domestically and internationally. W&W AFCO Steel has 6 production facilities, totaling 1.8 million square feet, with offices across the U.S. W&W AFCO Steel was founded in 1909 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $100 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has additional in New York City.

DEAL STATS #
Overall 6 of 9
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 4 of 6
State (Texas) 2 of 2
Country (United States) 6 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 VirTex

Austin, Texas, United States

VirTex manufactures printed circuit board assemblies and other critical electronic systems for small and medium-sized customer programs across a wide range of industries, including industrial, aerospace and defense, automotive, and medical. VirTex is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Buy -
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