Harris Williams & Co. Advises FlexHead Industries, Inc. in its Sale to Strategic Buyer Atkore International
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of FlexHead Industries, Inc. (FlexHead), a leading provider of flexible hose connections for the fire protection market, to strategic buyer Atkore International Inc. (Atkore). FlexHead’s senior management team will continue to lead the company following the acquisition by Atkore. The transaction closed on February 15, 2012 and was led from the firm’s Boston office. Harris Williams & Co. acted as the exclusive advisor to FlexHead.
“Over the last 15 years, the founders of FlexHead, Norman MacDonald and Peter MacDonald, have built a tremendous business with market-leading products that will continue to experience robust growth as part of the Atkore organization,” said Bill Roman, a managing director at Harris Williams & Co. “We continue to see very strong activity from strategic buyers interested in engineered products for the fire protection and flow control markets.”
Founded in 1992, FlexHead is the leading designer and provider of flexible fire sprinkler connections. Headquartered in Holliston, MA, FlexHead has manufacturing and distribution facilities worldwide. FlexHead offers a full range of flexible sprinkler connections for industrial, commercial and institutional applications.
Atkore is a global manufacturer of galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components serving a wide range of construction, electrical, fire and security, mechanical and automotive applications. Atkore has 3,100 employees and 23 manufacturing and distribution facilities worldwide. Atkore supplies global customers with innovative solutions and quality products.