AZZ Plunks Down $250M For Energy-Sector Repair Unit

Law360, New York (February 25, 2013, 6:01 PM EST) -- Electrical products manufacturer AZZ Inc. will put up $250 million for private equity-backed Aquilex Holdings LLC's energy-sector servicing unit as part of a plan to broaden offerings and boost market share in industrial segments, AZZ said Monday.

Through the deal, AZZ will pick up Aquilex Specialty Repair and Overhaul LLC, which provides machine welding and other maintenance to power- and industrial product-generation plants across the industry. Using proprietary methods, the Georgia-headquartered company conducts repair and overhaul services for a global client base working in the nuclear,...
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