FMI Capital Advisors Announces Sale of Newman Associates to NEFCO
FMI Capital Advisors is pleased to announce the sale of Newman Associates, LLC, a portfolio company of Gen Cap America, to NEFCO, a leading partner to the professional construction trades and a portfolio company of Bertram Capital. FMI Capital Advisors served as the exclusive financial advisor to Newman for this transaction.
Headquartered in Canton, Massachusetts, Newman is a value-added distributor of pipe hangers and supports to the construction, infrastructure and water & wastewater treatment industries. The company has supplied pipe support systems to the New England area for almost 60 years.
“We reached out to FMI to represent Gen Cap in this transaction due to their well-known expertise in building and construction products,” said Andrew Ginsberg, Gen Cap America Managing Director. “FMI’s deep experience in Newman’s markets allowed them to craft and tell a compelling story to the market. The result of which was a great transaction for the investors and the perfect home for the employees of Newman.”
“I know I speak for our entire team at Newman when I say we are eager and ready to join the NEFCO family,” said Rich Tamulionis, president of Newman Associates. “Together with NEFCO, we look forward to better serving our plumbing, HVAC, electrical and fire protection customers.”
ABOUT NEWMAN ASSOCIATES
Founded in 1964, Newman Associates has built a reputation in the New England area as the pipe support specialist. Newman Associates has fully integrated SHARP® capabilities, offering engineering, fabrication, and technical expertise across all pipe hangers & supports.
ABOUT NEFCO
NEFCO is a construction supply company providing a broad range of products and services to a large variety of professional contractors. With 20 locations along the East Coast, NEFCO provides localized, contractor-centric services including extensive industry expertise, large local inventories, fast dependable jobsite delivery, turnkey engineering services, and specialty fabrication and assembly of construction materials.
About FMI Capital Advisors
FMI Capital Advisors has fully 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 Contact
Porter Wiley
Managing Director
[email protected]