PMCF Announces Sale of Corrosion Fluid Products to FCX Performance, Inc.
Aug 04, 2014
Chicago, Illinois and Southfield, Michigan – August 2014 – P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Corrosion Fluid Products Corporation (“Corrosion” or “CFP”) in its sale to FCX Performance, Inc. ("FCX”), a portfolio company of Harvest Partners (“Harvest”). Based in Farmington Hills, Michigan, CFP is a specialty regional distributor of pumps, valves, fiberglass and specialty lined pipe, hose & fittings to the process markets. Corrosion operates from eight branch distribution centers located across the key Midwestern states of Michigan, Illinois, Pennsylvania, Ohio, Indiana and Iowa. In addition, CFP operates an extensive repairs business from four of its branches, providing its approximately 2,500 customers with a full-suite of value-added distribution and repair services. Corrosion’s extensive product line spans nearly 900 vendor relationships, including primary distributor relationships with Flowserve, Resistoflex, Pureflex, and Sundyne, among others.
PMCF is a middle market investment bank providing merger & acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of M&A advisory services including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries. PMCF is a founding member of Corporate Finance International®, a network of boutique investment banking firms across North America, Europe, South America and Asia. PMCF also was named Boutique Investment Banking Firm of the Year in 2013 by The M&A Advisor. For more information, visit www.pmcf.com.