Deal announced Mar 2022 · Fort Worth, Texas; St. Louis, Missouri Verified
AZZ Inc. to Acquire Precoat Metals from Carlyle
AZZ Inc. entered into a definitive agreement to acquire Precoat Metals from Sequa Corporation, a portfolio company of Carlyle, for $1.283 billion. The transaction is expected to close in May 2022 and will be funded with new debt and equity-linked securities.
“On March 7, 2022, AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ) entered into a definitive agreement to acquire Precoat Metals (“Precoat”) from Sequa Corporation, a portfolio company of Carlyle”
Entities
AZZ Inc. · Acquirer Carlyle · Sponsor Precoat Metals · Target Sequa Corporation · Parent
HVACOther Sentiment: Positive
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