Deal
MUELLER INDUSTRIES INC acquires Sherwood Valve LLC
June 2015
Full acquisition
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The deal at a glance
Private-market deal
MUELLER INDUSTRIES INC acquires Sherwood Valve LLC
Deal value
$25 million in cash
Sector
Climate/Refrigeration
Date
June 2015
VectorShift
Made on VectorShift
MUELLER INDUSTRIES INC acquired Sherwood Valve LLC for $25 million in cash, a transaction completed in June 2015, structured as all cash.
Sherwood Valve LLC operates in Climate/Refrigeration, is based in United States. Sherwood Valve Products, Inc., a wholly owned subsidiary of Mueller Industries, acquired all of the outstanding membership interests of Sherwood Valve LLC from Taylor-Wharton International LLC. Sherwood manufactures brass, aluminum, and stainless steel valves and fluid control solutions.
Established valve and fluid-control product line carved out of Taylor-Wharton. Acquired by Sherwood Valve Products, Inc. subsidiary
On June 18, 2015, Sherwood Valve Products, Inc. (the Buyer), a wholly owned subsidiary of Mueller Industries, Inc., entered into a Membership Interest Purchase Agreement with Taylor-Wharton International LLC (the Seller) providing for the purchase by the Buyer and the sale by the Seller of all of the outstanding equity interests of Sherwood Valve LLC. The closing of the transaction occurred on June 18, 2015. The aggregate consideration paid by the Buyer to the Seller for the Membership Interests was $25 million in cash.
Mueller Industries Form 8-K, June 19, 2015
Advisors not disclosed
No advisory firms have been disclosed for this transaction.