FMI Capital Advisors Advises McClure Company on Majority Sale to Sojitz Corporation of America

FMI Capital Advisors is pleased to announce the sale of a majority interest of McClure Company (McClure) to Sojitz Corporation of America (SCA), a global trading company based out of New York, headquartered in Tokyo. FMI Capital Advisors served as the exclusive financial advisor to McClure for this transaction.

McClure is one of Pennsylvania’s largest energy services (ESCO) and mechanical contracting firms, with a long history of delivering mechanical infrastructure and energy systems for the built environment. Sojitz Corporation of America invests in global infrastructure, energy and sustainable businesses, and its U.S. target markets complement McClure’s core businesses in energy services, renewables and health care. This partnership is Sojitz’s first in the U.S. energy service field and will provide solutions to a variety of social issues, especially in the areas of health, energy efficiency and sustainability.

“This is a momentous time in the growth of McClure Company. Our 68-year reputation for performance and innovation in mechanical construction and energy services has attracted the attention of a highly respected global partner—Sojitz Corporation of America,” said Chip Brown, president of McClure. “Their 100-year legacy of investing in groundbreaking companies, supporting teams with their network, and creating new business value is in perfect alignment with McClure’s mission.”

McClure will continue operating as a private company under the new ownership agreement with no business changes from the employee or customer perspectives.

“FMI has been a trusted advisor to McClure for years and was the ideal investment bank to advise us through this transaction. Their expertise in the ESCO market and mechanical service companies proved invaluable throughout this process and led us to a great outcome with a valuable partner for the next stage of McClure’s future,” Brown added.

ABOUT MCCLURE COMPANY
Headquartered in Harrisburg, McClure Company is one of Pennsylvania’s largest, fully integrated mechanical construction, engineering, maintenance, and energy services companies. With offices in Harrisburg, State College, Williamsport, Wilkes-Barre, Pittsburgh, and Westminster, MD, McClure provides customers with value-driven, energy-efficient building solutions. Incorporated in 1953, McClure Company has a long history of delivering mechanical infrastructure and energy systems for the built environment. The McClure team takes pride in designing and implementing smart building systems with sustainable capabilities. They align in-house engineers with in-house craftsmen to provide full-service construction customized to customers’ infrastructure needs. McClure proactively manages projects from initial concept and design, through installation and commissioning, including 24-hour service and ongoing maintenance. A Best Places to Work in PA award winner every year since 2009 and #21 on Engineering News-Record’s U.S. Top 50 Firms in Mechanical, McClure Company has earned a reputation for delivering realistic budgets backed by guaranteed schedules. “We don’t miss deadlines.”

ABOUT SOJITZ CORPORATION OF AMERICA
Sojitz Corporation of America (SCA) is the 100% owned subsidiary of Sojitz Corporation (The Sojitz Group), an integrated global trading company with $17 billion in revenue. Headquartered in Tokyo, Japan, Sojitz has 81 offices, over 400 group companies, and 18,000 employees worldwide. SCA was founded on April 1, 2004, through the merger of Nissho Iwai American Corporation and Nichimen America Inc., two of the most experienced international trading companies in the United States. For over 100 years, The Sojitz Group has done business with trust, reliability, and results, characteristics that are synonymous with the Sojitz name. The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity. Through seven business divisions, SCA has the ability to operate across an enormous scope of industries in the Americas and around the world. Main business activities include trade, marketing and distribution, international project management, trade financing and project financing, transportation, insurance, and customs services, natural resource development, direct investment, debt financing, leasing, and asset-based financing. Sojitz Corporation of America manages operations in the U.S., Canada, Mexico, and Central and South America through a hemisphere-wide network of offices and a diverse group of companies.

About FMI Capital Advisors
FMI Capital Advisors has dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit FMI Capital Advisors.

FMI Capital Advisors Contacts
Tim Huckaby
President, FMI Capital Advisors
[email protected]
303.398.7265

Alex Miller
Managing Director
[email protected]
919.785.9234

Russell Clarke
Vice President
[email protected]
303.398.7213