Announced
Completed
Synopsis
CenterGate Capital-backed Mid-State Industrial Maintenance, a provider of on-site and off-site industrial maintenance and service solutions, completed the acquisition of AZZ SMS, a specialty provider of turnkey boiler repair, maintenance, and overhaul services, from AZZ, a global provider of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services. Financial terms were not disclosed. “The divesture of SMS is in line with our strategic plan to restructure our portfolio to focus on growth within our core businesses. We are pleased to have reached an agreement with Mid-State to acquire SMS, while maintaining uninterrupted service to the customers of SMS, and employment for the SMS work force. We are focused on activities that will drive higher returns on invested capital within our core businesses for long-term margin expansion and growth,” Tom Ferguson, AZZ Chief Executive Officer.
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