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Distributor's Link Magazine Spring Issue 2014

38 THE DISTRIBUTOR’S

38 THE DISTRIBUTOR’S LINK Richard Hagan Richard P. Hagan is the president of Pinnacle Capital Corporation, a boutique investment banking firm which specializes in providing merger & acquisition advisory services to the global fastener industry. Hagan has more than twenty-three years of international investment banking experience and has worked on successful domestic and cross-border M&A transactions, corporate restructurings and capital raisings. Hagan earned a B.A. in Economics from the University of North Carolina at Chapel Hill and an M.B.A. in Finance from Fordham University in New York City. Pinnacle is located at 82 Nassau Street, Suite 352, New York, New York 10038. Tel: 212-267-8200, Email: rphagan@pinnaclecapitalcorp.com. FASTENER COMPANY ACQUISITIONS COMPLETED DURING 2013 In this issue, we will briefly review all the fastener company acquisitions - a total of twenty-nine worldwide - completed during the 2013 calendar year. Of course, it is impossible to track every single fastener company transaction because many deals involving private companies are not publicly-disclosed. That said, we believe the following list is the most comprehensive and detailed you will find. On January 2, 2013, OMG Inc. purchased the W.P. Hickman Company. Founded in 1960 and located in Asheville, North Carolina, W.P. Hickman is a manufacturer of proprietary metal roof edge systems designed to provide protection against wind damage and water infiltration. In the early 1960’s, W.P. Hickman developed and patented the construction industry’s first multiple component roof edge product line. Formerly known as Olympic Manufacturing Group, OMG is North America’s largest manufacturer of roofing fasteners for commercial and residential construction applications. Through its FastenMaster business unit, OMG also manufactures a line of specialty fasteners for drywall installation and repair, along with specialty deck screws. Founded in 1981 and headquartered in Agawan, Massachusetts, OMG is a whollyowned subsidiary of Handy & Harmon Ltd. (Nasdaq: HNH). Purchase price: not available On January 14, 2013, NORMA Group AG purchased Davydick & Co. Pty. Limited (“Davydick”). Established in the mid-1980’s and based near Sydney, Australia, Davydick distributes a comprehensive range of irrigation system hardware for the agricultural, plumbing and commercial hardware markets. Davydick’s product range includes fittings, valves, hoses and nozzles, along with water pumps marketed under the PumpMaster® brand name. Based outside Frankfurt, Germany, NORMA Group manufactures a diverse range of highly-engineered clamps, connectors, fittings and joining products for approximately 10,000 customers located around the world. NORMA Group operates 19 manufacturing facilities in Europe, North America and Asia, along with a global sales and distribution network. The company employs 4,485 people worldwide and generated net sales of 604.6 million EURO in 2012. NORMA Group shares are traded on the Frankfurt Stock Exchange (symbol: NOEJ). Purchase price: not available On January 20, 2013, MW Industries Inc. purchased Lifeline Products Inc. Founded in 1976 and located in Wallingford, Connecticut, Lifeline Products is a manufacturer of custom hypodermic needles, infusion assemblies and stainless steel tubular components for the medical market. Following the transaction closing, Lifeline Products’ equipment and customer base will be consolidated into MW Industries’ Economy Spring division located in nearby Southington, Connecticut. Economy Spring and Lifeline Products share mutual customers and significant post-acquisition operating efficiencies are anticipated. MW Industries is a manufacturer of engineered mechanical components including highly-engineered springs, specialty fasteners, machined parts, precision stampings and custom wire forms. The company is headquartered in Rosemont, Illinois and is comprised of 14 operating divisions located in 10 states. MW industries is a portfolio company of Genstar Capital LLC, a San Francisco-based private equity firm. Purchase price: not available please turn to page 126

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