Deal
MUELLER INDUSTRIES INC acquires Shoals Tubular, Inc.
January 2020
Full acquisition
Ready
01 Scorecard
The deal at a glance
Private-market deal
MUELLER INDUSTRIES INC acquires Shoals Tubular, Inc.
Deal value
approximately $15.4 million (net of working capital adjustments)
Sector
Climate
Date
January 2020
VectorShift
Made on VectorShift
MUELLER INDUSTRIES INC acquired Shoals Tubular, Inc. for approximately $15.4 million (net of working capital adjustments), a transaction completed in January 2020, structured as all cash.
Shoals Tubular, Inc. operates in Climate, is based in United States. Shoals Tubular, Inc. (STI) is a manufacturer of brazed manifolds, headers, and distributor assemblies used primarily by manufacturers of residential heating and air conditioning units.
STI will be reported with and complements the Company's existing business in its Climate segment.
Supplier of brazed manifolds and headers to residential HVAC OEMs. Climate segment (Shoals)
In January 2020, the Company completed the purchase of Shoals Tubular, Inc. (STI) for approximately $15.4 million, net of working capital adjustments. STI is a manufacturer of brazed manifolds, headers, and distributor assemblies used primarily by manufactures of residential heating and air conditioning units.
Mueller Industries FY2019 10-K, Acquisitions/Subsequent Events note
Advisors not disclosed
No advisory firms have been disclosed for this transaction.