Founders Investment Banking, LLC is pleased to announce that Guntersville Fabrication and Sprinkler Co. Inc. (“Guntersville Fabrication”) has been acquired by Ferguson Enterprises, a subsidiary of Wolseley, plc of the United Kingdom. Headquartered in Guntersville, Alabama, Guntersville Fabrication is a leading fabricator and supplier of commercial fire sprinkler systems. In addition to its Guntersville facility, the Company maintains additional branch and service center locations in Birmingham, Alabama and Atlanta, Georgia.
Founders Investment Banking acted as the exclusive advisor to Guntersville Fabrication’s shareholders, Ray and Tim Bice, in the transaction. Tim Bice, President of Guntersville Fabrication, commented, “Founders provided us with excellent service from start to finish. They worked to understand our needs and then went to the market and got us a great deal with a leader in our industry.” Mr. Bice added, “We knew that to achieve the best structure and valuation for our shareholders we needed an advisor who knew the ins and outs of the deal business. Founders Investment Banking was well suited to be our advisor, and they delivered great results.”
Duane Donner, Managing Director of Founders Investment Banking, remarked, “The Founders team guided Guntersville Fabrication through a disciplined process that introduced the Company and its management team to a targeted group of prospective financial and strategic partners. This process produced a range of attractive options for the Bice family to evaluate and ultimately led to the successful transaction with Ferguson.”
About Guntersville Fabrication & Sprinkler
Founded in 1971, Guntersville Fabrication & Sprinkler Co. is a leading fabricator and value-added distributor of fire suppression systems and supplies in the Southeast & Midwestern United States. The bulk of the Company’s products are used in the construction of commercial and industrial projects. Guntersville Fabrication & Sprinkler Co. maintains fabrication facilities in Alabama and Georgia, with a strong distribution retail presence in Atlanta, Birmingham and Northeast Alabama markets.