The sale of Transmark Fcx to McJunkin Red Man Corporation, a Goldman Sachs Capital Partners portfolio company, has been completed, creating a global platform for the distribution of pipe, valves and fitting products.
This cross-border transaction is one of only a few significant distribution transactions to be completed since the credit crisis began in September 2008.
Baird, an employee-owned, international investment banking, private equity, wealth and asset management firm, served as the exclusive financial adviser to Transmark Fcx in this transaction. Terms of the transaction were not disclosed.
Baird’s international deal team was led by David Silver, head of Baird’s business services group in Europe, and Tom Lange, head of Baird’s global distribution group.
“This transaction brings together two outstanding businesses with leadership positions in their respective geographic markets,” says Silver. “Working together, MRC and Transmark Fcx are better positioned to serve a global customer base.”
Transmark Fcx is a distributor of specialised valves and flow control products serving customers in Europe, Southeast Asia and Australasia and is the only flow control distributor with a meaningful presence in each of these markets. The company serves customers in the oil and gas and energy sector, as well as a range of other industries.
MRC is the largest North American distributor of pipe, valves and fittings and related products and services to the energy industry.
