VRA Partners Advises TayMac in its Sale to Hubbell
VRA Partners, LLC is pleased to announce that TayMac Corporation, a leading provider of indoor and outdoor electrical products, has been acquired by Hubbell Incorporated (NYSE: HUBA, HUBB), a Connecticut-based corporation. VRA Partners acted as exclusive financial advisor to TayMac. The transaction closed on April 11, 2012. Terms of the transaction were not disclosed.
Founded in 1989 and based in Gilbert, Arizona, TayMac is a leading provider of indoor and outdoor electrical products. The Company's product line includes specification grade commercial and residential weatherproof-while-in-use safety outlet enclosures, a complete line of outdoor weatherproof products, and indoor wiring devices and wall plates, as well as other complementary products. TayMac sells its products under its own brand name and a number of private labels in the U.S. through home improvement retailers, electrical distributors and maintenance & repair organizations.
Hubbell is a publicly traded international manufacturer of electrical and electronic products for a broad range of non-residential construction, industrial and utility applications. Hubbell operates in three main segments: electrical systems, lighting products and power systems. Hubbell sells its products through direct sales, distributors, home centers, retail and hardware outlets and showrooms.
VRA Partners is an independent investment banking firm that focuses on providing merger and acquisition advisory services to leading middle-market companies and private equity groups located throughout the U.S. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, as well as provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 500 transactions with aggregate transaction value in excess of $35 billion across a broad range of industries. 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