Validor Capital Acquires EDSCO Fasteners
“Validor’s investment is a validation of what we have built at EDSCO.”
New York, June 18, 2012 — Validor Capital, a private investment firm, announced today that it has acquired EDSCO Fasteners, based in Denton, Texas, a leader in the manufacture of anchor bolts for large steel structures. From its three large facilities, EDSCO ships to many of the leading utility, cellular and structural steel sites around the world. In addition to Denton, Texas, EDSCO has facilities in Charlotte, North Carolina and Spanish Fork, Utah.
Validor Capital primarily targets controlling equity investments in companies with revenues of $10 to $100 million in manufacturing and industrial service industries.
Matthew Kaufman, Managing Partner of Validor Capital, commented "EDSCO fit squarely with our investment criteria. The company 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. We intend to work closely with EDSCO’s management team to help them explore avenues for strategic development with the goal of providing enduring value to customers and further build on their existing position.”
In completing the transaction Validor worked closely with Jeffrey Pieper, an operating executive with extensive experience leading manufacturing businesses to achieve higher levels of performance and growth by focusing on meeting customer's needs. Upon the closing of the transaction, Jeff became President of EDSCO, replacing Andrew Gannon, the founder and prior owner of EDSCO. The remaining members of EDSCO’s management team have remained in place.
“We are very excited about our partnership with Validor Capital and believe they can augment EDSCO’s development and excellent reputation,” said Jeff Pieper. “With current activity in the utility space, Validor brings critical resources necessary for EDSCO to continue providing quality products and value to customers and capitalize on opportunities.” Don Searcy, Vice President of EDSCO added “Validor’s investment is a validation of what we have built at EDSCO. We believe they share our vision and will be a valued partner in enhancing the service and value we provide to our customers.”
About EDSCO
EDSCO FASTENERS has produced anchor bolts for makers of large steel structures since 1985. Hard work, quality products, on-time service, competitive pricing and the ability to supply full certification of materials have steadily enhanced the company's position in the industry. Learn more about EDSCO at www.edsco.com.
About Validor Capital
Validor Capital is a private investment firm that provides liquidity to family and founder owned industrial, manufacturing, and service businesses in the lower middle market. We seek situations where we can partner with management teams to leverage our combined expertise and deep industry relationships to create significant value. For more information, please visit www.validorcap.com.