Anvil International (Anvil), a designer, manufacturer and provider of products that connect and support piping systems, and Smith-Cooper International (SCI), a designer and provider of branded pipes, valves, and fittings, today announced they have entered into a definitive agreement to merge.
The combined company will be majority owned by Tailwind Capital and will design and manufacture products that connect and support piping systems and offer a more comprehensive product portfolio to national, regional and local distributors across North America serving the industrial, commercial, fire protection, energy and mining end markets.
“This transaction combines two phenomenal businesses and management teams to create a world-class platform that can comprehensively serve the pipe, valves and fittings market,” said Jeff Calhoun, Partner at Tailwind. “We look forward to supporting Jason, Tom and the entire leadership team as they continue to pursue strategic growth opportunities.”
Upon closing, Jason Hild, chief executive officer of SCI, will serve as CEO of the combined company, and Tom Fish, president and CEO of Anvil, will serve as chairman. All additional members of Anvil’s and Smith-Cooper’s senior management teams will remain with the combined company.
JP Morgan and BlackArch Partners served as financial advisor and Dechert served as legal advisor to Anvil. Barclays served as financial advisor and Davis Polk & Wardwell served as legal advisor to Smith-Cooper.
The transaction is expected to close in the second quarter of 2019 and is subject to customary closing conditions. Terms of the transaction were not disclosed.
