Montage Partners has acquired Cal-Sierra Pipe Inc., a Stockton, Calif.-based provider of steel pipes for use in agriculture and water infrastructure applications. No financial terms were disclosed. McGladrey Capital Markets managed the transaction.
Cal-Sierra Pipe, Inc., a value-added provider of steel pipe and related products for use in agriculture and water infrastructure applications, was acquired by Montage Partners, a private equity firm based in Scottsdale, Arizona.
McGladrey Capital Markets initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Cal-Sierra Pipe. Transaction terms were not disclosed.
“With the improvement in the economy and renewed interest in infrastructure spending, we continue to see more transactions in our sector. We’re confident that this bodes well for the sector in the immediate future,” said David Burke, Managing Director of McGladrey Capital Markets’ Infrastructure group.
About Cal-Sierra Pipe
Cal-Sierra Pipe, Inc., located in Stockton, California, is a value-added distributor of steel pipe and related products for use in water infrastructure applications. Cal-Sierra Pipe serves the needs of the agricultural, construction, fabrication and water-well industries in the western United States. Founded in 1962 and under family ownership since, the company has established a strong reputation for quality and service with an extensive breadth of steel pipe product offering.
About Montage Partners
Headquartered in Scottsdale, Arizona, Montage Partners is a private investment firm that seeks to partner with mature family-owned and founder-owned companies in the western U.S. Beyond bringing capital, Montage works with owners and management of closely-held businesses to structure transactions that accomplish their personal goals while simultaneously providing the support to enable strong companies to achieve the next level of success.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.