P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Andronaco Industries (“Andronaco” or the “Company”) in its sale to EagleTree Capital (“EagleTree”).
Headquartered in Kentwood, Michigan, Andronaco is a vertically integrated designer, manufacturer, and distributor of high-performance specialty polymer and composite-engineered, corrosion-resistant flow control products for the chemical, water & wastewater, pharmaceutical, utilities, energy and other high-purity industries. Since its founding in 1994, the Company has grown its footprint to nine global locations across the United States and Europe, becoming a disruptor in the industrial flow control industry.
Andronaco has expanded its product line through new product development and acquisitions to provide a one-stop solution for all its customers fluid handling needs. The Company employs a vertically integrated manufacturing and distribution strategy to produce and market its unique suite of branded products across markets and applications. This model combined with its superior performing technologies has led to a market leading position in nearly all its business lines.
EagleTree Capital is middle-market private equity firm with a focus in water and specialty industrial investments. Ron Andronaco, CEO and Founder of Andronaco, remarked, “We are pleased to have found a partner in EagleTree who will help us execute on our future growth and expansion plans, leveraging their knowledge and expertise within the specialty industrial space. We are looking forward to working with the EagleTree team as we continue to grow the Company.”
PMCF served as exclusive investment banker to Andronaco, managing the entire transaction process. Ron added, “We hired PMCF to help us find the optimal transaction partner for the Company. Their expertise and creativity were instrumental to our process and I am thankful to PMCF for securing this outcome for our great Company and team.” Joe Wagner, Managing Director of PMCF, added “We couldn’t be more pleased for Ron and his team. Andronaco is a one-of-a-kind business with an exceptional track record of success, and we look forward to seeing that trajectory continue under EagleTree’s ownership.”
The transaction closed in December 2021. Miller Johnson served as the legal advisor to the Company.
PMCF is a middle market investment bank providing merger and acquisition advisory services to private, public, and private equity owned companies. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, transaction planning and strategic advisory. The firm has dedicated professionals focused on plastics & packaging, business & technology services, automotive, distribution, transportation & logistics, aerospace & defense, medical technology, and consumer & retail industries. PMCF has offices in Chicago, Detroit, Denver, and globally through its ownership in Corporate Finance International™.
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