PE Tech Report


Like this article?

Sign up to our free newsletter

One Equity Partners portfolio company Anvil International acquires AFCON

Middle market private equity firm One Equity Partners’ portfolio company Anvil International has acquired AFCON, a provider of patented fire protection pipe hangers and seismic bracing products.

Financial terms of the private transaction have not been disclosed.
Headquartered in El Monte, California, AFCON manufactures a complete range of fire protection products, including clamps, pipe hangers and sway brace fittings for a wide variety of pipes and copper system piping. Established in 1968, AFCON pioneered the fire hanger and pipe bracing business with innovative products designed to minimise damage to fire suppression systems during earthquakes.
“We’re pleased to be making progress on our strategic vision for Anvil so quickly,” says Andrew Oliver, managing director at One Equity Partners. “By completing this acquisition within the first three months of our ownership, we and the Anvil team are confident in our successful ongoing collaboration.”
One Equity Partners acquired Anvil in January 2017, making the investment out of its oversubscribed USD1.65 billion Fund VI.
“AFCON’s history of innovation and producing contractor-friendly products made this a perfect fit for our company,” adds Fish. “It is a superb company that will benefit from our strong regional and global distribution network.”
Anvil makes a range of pipe couplings, steel fittings, hangers, channel connections, strut fittings and customised components that are used in plumbing, mechanical, HVAC, industrial, fire protection, commercial, mining, and energy infrastructure, as well as provides related onsite consulting services. 

Like this article? Sign up to our free newsletter