7/9/2012 10:29:00 AM
HEADLINES
ACQUISITIONS: Private Equity Firm Acquires EDSCO Fasteners
Jeffrey Pieper
Denton, TX-based EDSCO Fasteners was acquired by Validor Capital, a New York private equity firm. Terms were not disclosed.
Founded in 1985, EDSCO manufactures anchor bolts for large steel structures. The company operates three facilities in Denton; Charlotte, NC; and Spanish Fork, UT. EDSCO ships to utility, cellular and structural steel sites around the world.
Validor installed operating executive Jeffrey Pieper as president of EDSCO. Pieper replaced EDSCO founder Andrew Gannon. The remaining members of EDSCO’s management team were retained, including vice president Don Searcy.
“(EDSCO) has been a driving force in anchor bolt manufacturing, particularly with products serving the utility industry, and has a long track record of profitable operations,” stated Validor managing partner Matthew Kaufman.
Validor Capital primarily targets controlling equity investments in companies with revenues of $10 to $100 million in manufacturing and industrial service industries. ©2012 GlobalFastenerNews.com
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