CLEVELAND, Dec. 28, 2016 /PRNewswire/ -- Brown Gibbons
Lang & Company (BGL) is pleased to announce the sale of Snappy
Co. (Snappy), a portfolio company of Blue Wolf Capital Partners, to
M&M Manufacturing, a subsidiary of MiTek Industries, which is
owned by Berkshire Hathaway (NYSE:BRK.A). BGL's Industrials and
Building Products team served as the exclusive financial advisor to
Snappy in the transaction.
Snappy is a leading branded manufacturer and supplier of
galvanized pipe, duct, and fittings for the residential HVAC
market. For more than 60 years, the company has been a trusted
resource to contractors and distributors who rely on Snappy's
product quality, consistency, and availability. Snappy's
history of innovation, brand recognition, quality reputation, and
service differentiation afford it a dominant market share in its
core Midwestern and Northeastern regions. Snappy operates
production facilities in Minnesota
and New York.
Snappy's extensive product range and manufacturing expertise are
highly complementary to M&M Manufacturing, which supplies metal
products into the air distribution and ventilation markets. With
the acquisition, M&M will grow its manufacturing footprint to
eight locations and plans to expand Snappy's manufacturing
capabilities and operating infrastructure.
Christopher Thomas, CEO of
Snappy, commented, "BGL did an excellent job understanding our
business, providing guidance and review of the various offers
received, and ultimately delivering a strong partner in M&M,
MiTek, and Berkshire Hathaway. The transaction is a win-win
for our customers, employees, vendors, and shareholders."
About Brown Gibbons Lang & Company
Brown Gibbons
Lang & Company is a leading independent investment bank serving
the middle market. BGL specializes in mergers and acquisitions
advisory services, debt and equity placements, financial
restructuring advice, and valuations and fairness opinions, with
global industry teams in Business Services, Consumer, Environmental
& Industrial Services, Healthcare & Life Sciences,
Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in
Chicago, Cleveland, Irvine, and San
Antonio, in addition to Global M&A partner offices in
more than 50 countries across 5 continents. BGL is able to deliver
to our clients unparalleled access to strategic relationships,
investors, and opportunities globally. For more information, please
visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company