CD&R-backed Atkore debuts IPO

Atkore International Group Inc, a portfolio company of Clayton, Dubilier & Rice, has raised $192 million for its IPO after pricing its 12 million shares at $16 per share. The stock began trading June 10, 2016 under the ticker symbol “ATKR.” Credit Suisse, Deutsche Bank Securities and J.P. Morgan are the lead underwriters. Based in Harvey, Illinois, Atkore is a maker of electrical raceway products.

PRESS RELEASE

HARVEY, Ill.–(BUSINESS WIRE)–Atkore International Group Inc. (the “Company”) today announced the pricing of an initial public offering of 12,000,000 shares of common stock by selling stockholder CD&R Allied Holdings, L.P., an affiliate of Clayton, Dubilier & Rice, LLC, at a public offering price of $16.00 per share. The Company will not receive any proceeds from the sale of shares being sold in this offering. The shares are expected to begin trading on the New York Stock Exchange on June 10, 2016 under the ticker symbol ATKR. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock.

The offering is being made through an underwriting group led by Credit Suisse, Deutsche Bank Securities and J.P. Morgan, who are acting as joint book-running managers and as representatives of the underwriters for the offering. UBS Investment Bank, Citigroup, RBC Capital Markets and Wells Fargo Securities are acting as additional book-running managers for the offering.

Copies of the prospectus may be obtained from:

Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, via telephone: (800) 221-1037, or via email: newyork.prospectus@credit-suisse.com;
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005, via telephone: (800) 503-4611, or via email: prospectus.cpdg@db.com; or
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, or via telephone: (866) 803-9204.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

About Atkore International Group Inc.
Atkore International Group Inc. is a leading manufacturer of Electrical Raceway products primarily for the non-residential construction and renovation markets and Mechanical Products & Solutions for the construction and industrial markets. The company manufactures a broad range of end-to-end integrated products and solutions that are critical to its customers’ businesses and employs approximately 3,100 people at 51 manufacturing and distribution facilities worldwide. The company is headquartered in Harvey, Illinois.