AZZ - M&A Summary and Business Overview

Electrical EquipmentCompany

AZZ M&A Summary

AZZ has acquired 20 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

AZZ’s largest acquisition to date was in 2022, when it acquired Precoat Metals for $1.3B. AZZ has acquired in 11 different US states, and 2 countries. The Company’s most targeted sectors include metals/mining (25%) and business services (20%).

AZZ Business Overview

Where is AZZ headquartered?

AZZ is headquartered in Fort Worth, Texas.

What is AZZ’s revenue?

AZZ disclosed revenue of 903M USD for 2022 and 839M USD for 2021.

How many employees does AZZ have?

AZZ has 3,885 employees.

What sector is AZZ in?

AZZ is an electrical equipment company.

When was AZZ founded?

AZZ was founded in 1956.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity20
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

AZZ

AZZ, Inc.

One Museum Place Suite 500 3100 West 7th Street,
Fort Worth, Texas 76107
United States,
(817) 810-0095
www.azz.com

AZZ is a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distributions, as well as a provider of hot dip galvanizing services to the North American steel fabrication market. AZZ was founded in 1956 and is based in Fort Worth, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 16 - 1 3 - - 20
vol $376M $1.3B $1.7B
Sell (0.6/yr) # - 3 - - - - 3
  23

Most Recent M&A

Company Date Value Type
Precoat Metals Corp. 2022-03-07 1.3B USD Divestiture
St. Louis, Missouri · www.precoat.com
DAAM Galvanizing Co. Ltd. 2022-03-01 - Add-on Acquisition
Edmonton, Alberta · www.daamgalvanizing.com
Steel Creek Galvanizing Company LLC 2022-01-03 - Add-on Acquisition
Blacksburg, South Carolina · www.steelcreekgalv.com
Acme Galvanizing, Inc. 2021-01-04 - Add-on Acquisition
Milwaukee, Wisconsin · www.acmegalv.com
AZZ SMS LLC 2020-10-26 - Divestiture
St. Petersburg, Florida
AZZ, Inc. - Galvabar Business 2020-07-21 - Divestiture
Catoosa, Oklahoma
Nuclear Logistics, Inc. 2020-02-11 - Divestiture
Fort Worth, Texas · www.nuclearlogistics.com
Preferred Industries Ltd. 2019-09-30 - Add-on Acquisition
Terrell, Texas · www.preferredcoating.com
NuZinc LLC 2019-08-26 - Add-on Acquisition
Garland, Texas · www.nuzincplating.com
K2 Partners, Inc. 2019-04-12 - Add-on Acquisition
Tampa, Florida · www.centrixpowdercoating.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aquilex Corp. 2013-02-25 HydroChem LLC 2017-10-11 2
Atlanta, Georgia · www.aquilex.com Deer Park, Texas · www.hydrochem.com
Aquilex Corp. 2013-02-25 Inland Industrial Services Group LLC 2013-12-31 1
Atlanta, Georgia · www.aquilex.com Detroit, Michigan · www.teaminland.com
Aquilex Corp. 2013-02-25 Aquilex Specialty Repair and Overhaul LLC 2013-02-25 1
Atlanta, Georgia · www.aquilex.com Atlanta, Georgia

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 5 (25%) 126M (8%) 1 (33%) -
Business Services 4 (20%) 1.5B (92%) 1 (33%) -
Electrical Equipment 4 (20%) - 1 (33%) -
Manufacturing 4 (20%) - - -
Chemicals 2 (10%) - - -
Energy Services and Equipment 1 (5%) - - -
Total 20 $1.7B 3 -

By Geo

State/Country Buy Value Sell Value
United States 19 1.7B 3 -
  Texas 5 - 1 -
  Florida 2 - 1 -
  Wisconsin 2 - - -
  Tennessee 2 - - -
  Georgia 2 250M - -
  Oklahoma 1 126M 1 -
  South Carolina 1 - - -
  Nebraska 1 - - -
  Missouri 1 1.3B - -
  Maryland 1 - - -
  Illinois 1 - - -
Canada 1 - - -
  Alberta 1 - - -
Domestic 19 (95%) 1.7B (100%) 3 (100%) -
Cross-border 1 (5%) - - -
Total 20 $1.7B 3 -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Stifel, Nicolaus & Co., Inc.
 1
Legal Deals
Kelly Hart & Hallman
 1
Baker & McKenzie
 1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 2 $376M
TOTAL $1.7B
Largest Precoat Metals Corp.
$1.3B (2022-03-07)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
20%
4 (20%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Electrical Equipment

Revenue

903   8% 2022
839   21% 2021
1,062   15% 2020
927   15% 2019
810   6% 2018
859   5% 2017
903   11% 2016
817   2015
(millions of USD) Show More Show Less

Employees

3,885

Established

1956

Public

NYSE: AZZ

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