Service Centers
M&M Manufacturing Acquired by MiTek Industries
Written by Sandy Williams
March 9, 2015
M&M Manufacturing, a portfolio company of TGF Management, has been acquired by MiTek Industries, Inc., a subsidiary of Berkshire Hathaway. The transaction, announced by Houlihan Lokey, closed on February 24, 2015.
M&M Manufacturing, headquartered in Fort Worth, Texas, is the leading diversified manufacturer of sheet metal building products in the Southwest, primarily servicing the air distribution and ventilation market. The company provides a comprehensive range of round, rectangular, oval, and spiral duct and fittings for the commercial, residential, and DIY/ remodel HVAC markets.
TGF Management is a leading private equity firm focused on management buyouts and recapitalizations of middle-market companies in the Southwest. Since its founding in 1992, the firm has invested in more than 40 companies with combined revenue of over $3.5 billion.
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MiTek, based in Chesterfield, Mo., is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial construction sectors. A Berkshire Hathaway company since 2001, MiTek has operations in more than 40 countries on six continents.
Houlihan Lokey, an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting, served as the exclusive financial advisor to M&M Manufacturing and assisted in structuring and negotiating the transaction on its behalf.
(Source: Houlihan Lokey Press Release)
Sandy Williams
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