Wire Products & Globe Pipe Hanger Products
Company Description
The combined businesses of Wire Products Company and Globe Pipe Hanger Products Inc. (the “Company”, or “Wire Products”), is a Cleveland Ohio-based, second-generation family business that provides a full-service solution for the manufacture of highly-complex, close tolerance precision machined components and products for the facility service, automotive, industrial, and aerospace industries, among others. The Company’s Globe Pipe Hanger division manufactures the proprietary SilverHawk and GrayHawk product lines, which provide a unique pipe hanging solution for the fire protection, plumbing, and mechanical service industry.
Services Provided
MelCap Partners served as the exclusive investment banker and financial advisor in the sale of the Company. We’d like to thank Scot Kennedy, second-generation family owner of Wire Products for hiring MelCap Partners to represent the Shareholders in this transaction. It was an honor and pleasure to work with the entire Wire Products team throughout this exciting process.
Result
In an effort to provide the Shareholders with liquidity, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the most logical strategic partner for the business, Sioux Chief Manufacturing (“Sioux Chief”). Sioux Chief is a national leader in the design, engineer, and manufacture of a diverse range of products and solutions for the plumbing, electrical, fire protection, and mechanical construction industries. Sioux Chief, headquartered in Kansas City, Missouri, is a family-owned and founded business, and the acquisition of Wire Products provides a highly-strategic addition of products and components for the fire protection and mechanical service space, as well as three manufacturing facilities in Cleveland, Ohio.
Client Quote
"Our company engaged MelCap Partners in late 2022 to sell Wire Products / Globe PipeHanger. Their entire process was handled with outstanding professionalism and in a relatively brief period of time. I highly recommend them to any organization contemplating a sale of their business."
Mr. E. Scot Kennedy
Owner of Wire Products
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Construction and Building Products, Industrials, Sell-Side M&A