VRA Partners Advises Reliance Worldwide Corporation on its Acquisition of EZ-FLO
VRA Partners, LLC is pleased to announce that Reliance Worldwide Corporation Limited ("RWC") (ASX:RWC) has acquired EZ-FLO International, Inc. ("EZ-FLO"), a leading manufacturer and distributor of plumbing supplies and accessories, for US$325 million. VRA Partners acted as the exclusive financial advisor to RWC on the transaction.
RWC is a market leading manufacturer of water control systems and plumbing solutions for residential, commercial and industrial applications. The RWC portfolio includes industry-leading brands such as SharkBite® push-to-connect plumbing solutions, HoldRite® engineered plumbing and mechanical solutions, Cash Acme® control valves and John Guest® fittings and fluid dispense products.
EZ-FLO is a leading manufacturer and distributor of plumbing supplies, including plumbing specialty products, appliance supply lines, flexible water connectors, gas connectors, and other accessories. Established in 1980, EZ-FLO has grown rapidly by continuously expanding its product range. In 2000, EZ-FLO acquired the EASTMAN brand which is the leading brand in large appliance connectors in the US. EZ-FLO has a manufacturing facility located in the Ningbo Free Trade Zone in China and a network of seven distribution centers in the U.S.
VRA Partners, an independent investment bank based in Atlanta, GA, focuses on providing M&A services to leading public and middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have transaction experience across a broad range of industry sectors, including consumer, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.
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Chris Reilly, Director - Originations